MetGen receives EUR 500K in EU funding
Finnish biotech company MetGen has secured 500 000 euros in funding for its role in the EU-funded WoodZymes research project.
WoodZymes is a large-scale project that explores how to extract lignin and hemicelluloses more efficiently from the cellulose-making process, and how to use them as valuable bio-based resources in different industries.
“The most important aspect of the project is that we can create value from biomass that has previously been considered process waste,” said MetGen’s CTO Matti Heikkilä. “We can significantly improve and boost the effectiveness and processes of existing production facilities without making sizeable investments.”
The Finnish biotech company’s innovations have previously earned it a John Sime Award and attracted interest in the US.