NOK 15.9 million to Borregaard
Borregaard has received a commitment of NOK 15.9 million in funding from the Research Council of Norway (NFR) for an innovation project that will maximise the value of raw materials and reduce waste streams in industrial processes.
In Project XyloBond, Borregaard will develop green binding additives that will ensure better utilisation of raw material and waste streams in a wide variety of industries, including metallurgy, batteries and animal feed production. XyloBond will deliver new sustainable technology to maximise the value of raw materials and increase performance and efficiency in advanced industrial processes.
- The new binding additives developed in XyloBond will be based on biopolymers from Norwegian wood and represent a sustainable alternative to oil-based products used in industry today. The funding represents a major risk relief for Borregaard and contributes to more sustainable innovation and development in different industries, says CEO Per A. Sørlie.