Category Archives: Finland

Press Releases & News from Finland distributed via EuropaWire

NIB and Landsbankinn Sign USD 75 Million Loan Program to Boost SMEs and Environmental Projects in Iceland

(IN BRIEF) The Nordic Investment Bank (NIB) and Icelandic bank Landsbankinn hf. have entered into a new seven-year USD 75 million loan program aimed at financing small and medium-sized enterprises (SMEs) and environmental initiatives in Iceland. The program will provide … Read the full press release

EIB Commits €110 Million to Transform Finnish Vocational Training Facilities

(IN BRIEF) The European Investment Bank (EIB) has signed a €110 million loan agreement with KOy Helsingin Toimitilat to support Finnish vocational training provider Stadin AO. The funding will be used to construct two modern campus buildings in Myllypuro and … Read the full press release

Valio’s Seasonal Milk Production Challenge Solved by Elvenite in Hackathon Competition

(IN BRIEF) Jamk University of Applied Sciences organized a hackathon in collaboration with Valio Ltd. to address the challenge of seasonal variation in milk production. Swedish Elvenite AB emerged as the winner of ValioHackathon 2023/11/28 by proposing a data-driven solution … Read the full press release

Nordic Investment Bank (NIB) Unveils Ambitious Climate Strategy at COP28

(IN BRIEF) In a groundbreaking move at COP28, the Nordic Investment Bank (NIB) has introduced a robust climate strategy, pledging to chart a sustainable future. This forward-looking strategy commits NIB to concrete, science-based targets aligned with the Paris Agreement, with … Read the full press release

Eppendorf’s BioBased Lab Consumables Offer Sustainable Alternatives Powered by Neste

(IN BRIEF) Eppendorf, a laboratory equipment manufacturer, has partnered with Neste, a renewable solutions company, to create Eppendorf Consumables BioBased, a line of lab consumables made from 100% renewable raw materials. These products, including tubes and pipette tips, offer a … Read the full press release

Metso Innovates Mill Liners with Skega™ Life Rubber for Reduced Environmental Impact

(IN BRIEF) Metso has introduced a new rubber material, Skega™ Life, to its mill lining portfolio, offering up to 25% longer wear life compared to the previous premium rubber, Skega™ Classic. Skega™ Life is designed for grinding mills processing highly … Read the full press release

Renewable Energy Boost: Neste Secures Solar Power Supply for Porvoo Operations

(IN BRIEF) Neste, a global renewable fuels and sustainable solutions leader, has signed an important solar power purchase agreement with CPC Finland Oy. This deal will provide solar power to Neste’s Porvoo refinery in Finland, starting in spring 2024. The … Read the full press release

Neste and Emirates Team Up for Groundbreaking Air Travel with A380 SAF Engine Trial

(IN BRIEF) Emirates has conducted a pioneering Airbus A380 demonstration flight with one engine powered by Neste’s sustainable aviation fuel (SAF). This milestone demonstrates SAF’s compatibility and potential as a sustainable alternative to traditional jet fuel. The flight, which took … Read the full press release

Neste and Hightowers Petroleum Partner to Provide High-Quality Renewable Diesel in Midwest

(IN BRIEF) Neste has teamed up with Hightowers Petroleum to offer Neste MY Renewable Diesel™ in the Midwest region. This strategic partnership aims to meet the growing demand for lower-emission fuels, particularly from the automotive industry. Neste MY Renewable Diesel, … Read the full press release

Metso Secures EUR 10 Million Order for Tankhouse Material Handling Solution from Freeport-McMoRan’s El Paso Electrorefinery

(IN BRIEF) Freeport-McMoRan has awarded a significant order to Metso for the delivery of a state-of-the-art tankhouse material handling solution to its El Paso electrorefinery in Texas, USA. The order, valued at over EUR 10 million, has been booked in … Read the full press release

Immersal and Burst Forge Partnership to Revolutionize Location-Based Augmented Reality Experiences

(IN BRIEF) Immersal, a subsidiary of Hexagon, has unveiled a strategic collaboration with Burst, a pioneer in cutting-edge virtual reality fan experiences. This partnership represents a major advancement in location-based augmented reality (AR) encounters for global conference, concert, and event … Read the full press release

NIB Provides €50 Million Loan to Kemijoki Oy for Hydropower Innovation and Fish Migration Projects

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 15-year, €50 million loan agreement with Kemijoki Oy to support the company’s investment program from 2023 to 2027. Kemijoki Oy’s program focuses on modernizing and maintaining its hydropower assets and … Read the full press release

Neste, Mitsui Chemicals, and Prime Polymer Collaborate to Create Sustainable Food Packaging for CO-OP

(IN BRIEF) Neste, Mitsui Chemicals, and Prime Polymer have joined forces to develop sustainable food packaging solutions for CO-OP, a brand under the Japanese Consumers Co-operative Union (JCCU). In the initial phase of this partnership, bio-based raw materials will replace … Read the full press release

Fortum and Studsvik Collaborate to Explore New Nuclear Options for Sweden’s Green Transition

(IN BRIEF) Fortum, a leading energy company, has entered into a Memorandum of Understanding (MoU) with Swedish nuclear technology firm Studsvik to investigate the potential for new nuclear projects in Sweden. This collaboration is part of Fortum’s ongoing feasibility study … Read the full press release

Metso Launches HRT-S High-Rate Thickener for Faster Delivery and Sustainable Resource Management

(IN BRIEF) Metso has introduced the HRT-S, a pre-engineered high-rate thickening solution that complements its existing High-Rate Thickener product family. This innovation allows for shorter delivery times and is part of Metso’s Planet Positive initiative, promoting sustainability. The HRT-S thickener … Read the full press release

DHL Supply Chain Invests €200 Million to Transform Fleet with Greener Alternatives

(IN BRIEF) DHL Supply Chain is taking a significant stride towards environmental sustainability with the launch of its global Green Transport Policy. The policy aims to substantially reduce carbon emissions, particularly from its transportation services, aligning with the company’s Sustainability … Read the full press release

EIF and LocalTapiola Partner to Provide €32 Million in Loans to Finnish Small Businesses

(IN BRIEF) The European Investment Fund (EIF) and LocalTapiola Corporate Lending I GP Ltd, a Finnish alternative lender, have signed two portfolio guarantee agreements, enabling the provision of €32 million in new loans to small businesses and mid-caps in Finland. … Read the full press release

Valio and St1 Joint Venture Explores Expansion of Biogas Plant Complexes for Renewable Energy Production

(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is actively investigating the development of new biogas plant complexes in various regions. Currently, the construction of potential new plant complexes is under consideration in the Kokkola-Pietarsaari, Nivala-Haapavesi, … Read the full press release

Outokumpu Joins Forces with Envigas to Spearhead Emission Reduction in Stainless Steel Production

(IN BRIEF) In a significant move towards sustainable stainless steel production, Outokumpu has partnered with Envigas AB, a leading biocarbon producer, by acquiring a 20% ownership share. Outokumpu’s commitment to reducing carbon dioxide emissions by 42% by 2030 aligns with … Read the full press release

Cargotec Appoints Sami Niiranen as President of Kalmar and Potential CEO in Planned Separation and Listing Readiness

(IN BRIEF) In a significant leadership change at Cargotec, Sami Niiranen has been appointed as the new President of Kalmar, effective by May 2024 at the latest. During this transition, Casimir Lindholm, Cargotec’s current President and CEO, will serve as … Read the full press release

Hiab Launches Environmentally Friendly MULTILIFT Hooklifts to Help Customers Reduce Carbon Emissions

(IN BRIEF) Hiab, a division of Cargotec, has introduced two new MULTILIFT hooklifts, the MULTILIFT Ultima 28Z and MULTILIFT Ultima ZERO, designed with a focus on sustainability and reduced carbon emissions. The heavy-duty MULTILIFT Ultima 28Z offers a lifting capacity … Read the full press release

SEB Collaborates with UPM to Enhance Green Finance Framework in Line with Sustainability Goals

(IN BRIEF) Finnish forest products company UPM has updated its Green Finance Framework to align with its Biofore strategy and incorporate the latest market practices and standards. SEB served as an adviser in the framework’s structuring. UPM had initially published … Read the full press release

Outokumpu’s Q3 2023 Report: Challenging European Market Offset by Solid Performance in Americas

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release

Outokumpu and CRONIMET Strengthen Partnership to Boost Circular Economy and Reduce CO2 Emissions in Stainless Steel Production

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and CRONIMET, a global leader in recycled stainless steel, are expanding their collaboration to enhance the sourcing and supply of high-quality scrap in Northeastern Europe. Outokumpu has agreed to acquire … Read the full press release

Outokumpu’s Restructuring Moves in Germany: Strengthening Global Advanced Materials Leadership

(IN BRIEF) Outokumpu, a global leader in advanced materials, has unveiled plans for restructuring measures in Germany as part of its strategy to enhance competitiveness and maintain a strong position in the global market for advanced materials. The company aims … Read the full press release

Finnish Researchers Investigate Medication Discontinuation Success in Chronic Myeloid Leukaemia Patients

(IN BRIEF) Researchers in Finland have conducted a study to understand why some chronic myeloid leukaemia (CML) patients can safely discontinue their daily medication. CML is a type of blood cancer, and targeted drugs have significantly improved patient outcomes. However, … Read the full press release

Gasum Secures Second LNG Cargo for Finnish Market Amid Pipeline Disruption

(IN BRIEF) Gasum has successfully delivered its second liquefied natural gas (LNG) cargo to the Inkoo floating storage regasification unit (FSRU) in Finland. The cargo, provided by Gasum’s partner Equinor, arrived on November 5th and is being regasified for integration … Read the full press release

CapMan Hotels Fund Partners with Lapland Hotels for Expansion in Oulu, Finland

(IN BRIEF) CapMan Hotels II fund has entered into an agreement to acquire “KOY Oulun Kuvernööri,” a five-story office property in Oulu city center, Finland. The plan is to transform the building into an extension of Lapland Hotels Oulu, increasing … Read the full press release

STARK Group Strengthens Its Presence in Northern Finland with New Rovaniemi Branch

(IN BRIEF) STARK Group, a leading provider of building materials and solutions, is extending its reach in Northern Finland by inaugurating a new branch in Rovaniemi. This expansion adds to the company’s existing network of 27 branches throughout Finland. Rovaniemi, … Read the full press release

Origin by Ocean and AFRY Collaborate on Innovative Seaweed Biorefinery in Finland

(IN BRIEF) Finnish biotechnology start-up Origin by Ocean has teamed up with AFRY, a global engineering and advisory firm, to work on an ambitious project aimed at establishing an industrial-scale biorefinery in Finland. The collaborative effort focuses on refining seaweed … Read the full press release

Metso Secures EUR 13 Million Orders for Anode Casting Shops from Copper Producers in Japan and China

(IN BRIEF) Metso has announced that it has received orders for three Outotec Anode Casting Shops from significant copper producers in Japan and China, with a total order value of EUR 13 million. These orders further strengthen Metso’s position as … Read the full press release

Neste Announces Restructuring Plans to Boost Efficiency and Growth

(IN BRIEF) Neste, a renewable energy company, is undergoing organizational changes to enhance cost-efficiency and long-term competitiveness. It plans to merge renewable business units, resulting in 400 job cuts and EUR 50 million in annual savings, aiming for over MEUR … Read the full press release

Biogas Revolution: Gasum’s Keminmaa Station Offers Low-Emission Fueling Options

(IN BRIEF) Gasum has expanded its gas filling station network by opening a new station in Keminmaa, Finland. This station is a significant milestone as it is the first gas filling station in Finnish Lapland, Gasum’s second northernmost station, and … Read the full press release

Gasum Delivers LNG to MSC Euribia and VOX Ariane in Hamburg Port

(IN BRIEF) Gasum has achieved its first ship-to-ship LNG bunkering operations in the port of Hamburg, Germany. The company successfully delivered LNG to two vessels: the MSC Euribia, a highly energy-efficient flagship belonging to MSC Cruises, and the VOX Ariane, … Read the full press release

Finland’s Meri-Pori Coal Plant Reserved for National Emergency Preparedness

(IN BRIEF) Fortum, a leading energy company, has signed an agreement with Finland’s National Emergency Supply Agency (NESA) to reserve the Meri-Pori coal condensing power plant for emergencies, ensuring the security of the country’s electricity supply. The agreement is in … Read the full press release

Nordic Investment Bank Collaborates with Lithuania to Boost Energy Efficiency in Public Buildings

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 20-year credit facility with Lithuania to co-finance the energy efficiency program for public buildings from 2023 to 2026. This financing will be used to renovate 25 public buildings, leading to … Read the full press release

Borealis Partners with Alpiq for Long-Term Renewable Energy Supply from Finnish Wind Farm

(IN BRIEF) Borealis, a leading provider of sustainable polyolefin solutions and base chemicals, has forged a long-term Power Purchase Agreement (PPA) with Alpiq, a Swiss energy services provider and European electricity producer. Under this agreement, starting from early 2024, Alpiq … Read the full press release

Philips Collaborates with Tampere Heart Hospital to Enhance Environmental Sustainability

(IN BRIEF) Philips has completed a comprehensive analysis of Tampere Heart Hospital’s environmental sustainability, focusing on interventional cardiology and carbon footprint evaluation. The findings have been transformed into a joint action plan to expedite the hospital’s efforts to achieve net-zero … Read the full press release

CapMan Announces Date for 1–9 2023 Interim Report Release and Webcast Presentation

(IN BRIEF) CapMan, a leading investment and asset management company, has scheduled the release of its interim report for the period from 1 January to 30 September 2023. The report will be published on Thursday, 26 October 2023, at approximately … Read the full press release

Latvia’s Kekava Bypass: A Game-Changer in Baltic Infrastructure

(IN BRIEF) Latvia’s Kekava bypass, a pioneering public-private partnership (PPP) project, has been completed in just two years, diverting heavy traffic away from Kekava and promising more efficient travel through the Baltics. Despite a 17-year planning process and external challenges, … Read the full press release