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Borregaard receives NOK 15.7 million ($1.8 million) funding for biochemicals development project
NORWAY (News release) -- Borregaard has received a commitment of NOK 15.7 million ($1.8 million) in funding from the Research Council of Norway for a project for the development of biochemicals to replace petrochemical alternatives.
"This project enables us to offer sustainable chemicals and materials for even more applications. The project support from the Research Council of Norway enables us to do more research and be more daring than we would otherwise be," says Kristin Misund, SVP Research and Development at Borregaard. The project, named Lignin to BioAromatics, aims to develop processes for the production of bio-aromatics based on lignin from wood. These will be able to replace petrochemical aromatics and can be used in additives in everything from detergents, packaging, corrosion agents and antioxidants to composites, plastics, durable rubber and organic electrolytes. The project will run over three and a half years, starting in 2021 and has a total budget of NOK 39 million ($4.5 million). Lignin to BioAromatics is carried out in collaboration with the University of Lund (Sweden) and the University of Mainz (Germany). The project has received support from the Research Council of Norway's call for innovation projects in the business sector (IPN). In this round, a total of NOK 602 million ($69.2 million) was granted 66 different companies. Borregaard has one of the world's most advanced biorefineries.
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