European stock exchanges most innovative newcomer

Borregaard has been awarded ”Most innovative newcomer” in connection with the European Commission’s first European Small and Mid-Cap Awards.

- This award represents a positive recognition of Borregaard’s competence and results from research and development, says CEO and President Per A. Sørlie.

The award was presented at an awards ceremony in Brussels 19 November 2013. The Awards are a joint initiative by the European Commission and leading European Stock Exchanges. The jury consisted of independent parties from the financial community, journalism and academia.

Jury statement: “Borregaard operates one of the world's most advanced and sustainable biorefineries. In April this year the company inaugurated its biorefinery demonstration plant, which showcases its innovative technology used for the production of green chemicals and sugars based on biomass from wood, agricultural and forestry waste.

The European Small and Mid-Cap Awards consists of four categories: “Best new listed company”, “Most innovative newcomer”, “Most internationally-minded newcomer” and “Rising star”. The competition was open to small and mid cap companies which was listed on European public stock exchanges between 1 January 2010 and 31 December 2012. Oslo Stock Exchange nominated Borregaard for the award “Most innovative newcomer”.

Borregaard is one of the world's most advanced biorefineries. Today all the components of wood are used in the production of advanced biochemicals that can replace petroleum-based alternatives. Lignin, which binds wood fibres together, is the raw material for a range of products used in concrete admixtures, car batteries and animal feed products. Borregaard's specialty cellulose is used in e.g. filters, construction materials, food and plastics. Bioethanol is produced from the sugar in wood and is used in biofuels. Borregaard is the world’s only producer of the vanillin flavour from wood.