Borregaard invests in lignin start-up
In a recently completed seed round, Borregaard has invested EUR 1 million in a minority position in Lignovations, an Austrian start-up company creating sustainable materials from lignin.
Lignovations has developed novel technology to produce innovative lignin-based materials that are complementary to Borregaard’s lignin-based product portfolio.
"By investing in Lignovations, we see an opportunity to support a pioneering startup that aligns with our commitment to sustainable solutions and the reduction of fossil resource dependency. We believe in the transformative potential of lignin-based materials and look forward to supporting Lignovations to create new opportunities for lignin," says Director Acquisitions and New Investments at Borregaard Pål Romberg.