Category Archives: Finland

Press Releases & News from Finland distributed via EuropaWire

Ericsson Secures EUR 100 Million Loan from NIB to Advance Wireless Technology Efficiency

(IN BRIEF) Ericsson, a prominent Swedish telecommunications company, has secured a new EUR 100 million loan from the Nordic Investment Bank (NIB) to bolster its research and development efforts aimed at enhancing wireless technology efficiency. This loan, NIB’s second for … Read the full press release

EIB Funds €435 Million to Stora Enso for Sustainable Packaging Transformation in Oulu

(IN BRIEF) The European Investment Bank (EIB) is extending a €435 million credit to Stora Enso to upgrade its Oulu manufacturing site for producing eco-friendly, fiber-based packaging for food and personal care products. This investment aims to reduce plastic reliance … Read the full press release

Nordic Investment Bank Supports EcoDataCenter’s Expansion with SEK 280 Million Loan

(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a SEK 280 million (approx. EUR 24 million) five-year loan agreement with EcoDC AB (EcoDataCenter) to support the expansion of its Falun data centre in Sweden. This funding will enable EcoDataCenter … Read the full press release

University of Helsinki Researchers Develop Controlled Proliferation Cells for Safer and Effective Cell Therapies

(IN BRIEF) Researchers at the University of Helsinki and HUS Helsinki University Hospital have developed a groundbreaking technique to control cell proliferation, enhancing the safety and efficacy of cell therapies. Published in Molecular Therapy, the study details how modified stem … Read the full press release

GTT Strategic Ventures Invests in Finnish Maritime Software Company Seaber.io

(IN BRIEF) GTT Strategic Ventures, alongside Counterview Capital, Lifeline Ventures, and Tesi, has invested in Finnish maritime software company Seaber.io. Based in Helsinki, Seaber.io specializes in digitalizing scheduling and chartering for bulk shipping, utilizing AI and machine learning for real-time … Read the full press release

French Government Greenlights Neste’s Renewable Diesel for Public Fuel Stations

(IN BRIEF) Neste celebrates a pivotal regulatory milestone as the French government approves the sale of 100% renewable transport fuels, including Neste’s renewable diesel, at all public fuel stations across France. This decision expands access beyond logistics companies to private … Read the full press release

Nokia Plans EUR 350 Million Sale of ASN Submarine Networks Business to French State

(IN BRIEF) Nokia has entered into an agreement to sell its Alcatel Submarine Networks (ASN) business to the French State’s Agence des participations de l’Etat (APE) for EUR 350 million. This strategic move aims to streamline Nokia’s Network Infrastructure portfolio, … Read the full press release

Neste and Partners Introduce Neste MY Renewable Diesel™ for Sustainable River Cruises in the Netherlands

(IN BRIEF) Neste, in collaboration with OK Slurink and Scylla, has launched an initiative to enhance sustainability in the river cruise industry in the Netherlands. Since February 2024, OK Slurink has been supplying Neste MY Renewable Diesel™ to Scylla’s fleet … Read the full press release

Stockholm Exergi’s NIB-Backed BECCS Project Advances Sustainability Goals

(IN BRIEF) Stockholm Exergi Holding AB, a major energy provider in Stockholm, plans to implement a Bio-energy with Carbon Capture and Storage (BECCS) project at its Värtaverket energy plant. This initiative aims to capture and store 800,000 tonnes of biogenic … Read the full press release

CapMan Residential Fund Expands Nordic Footprint with Ursvik Investment

(IN BRIEF) CapMan Residential Fund has expanded its portfolio with a new investment in Ursvik, Sundbyberg, acquiring a forward funding project comprising 289 rental apartments and amenities like an underground parking garage with EV chargers. This strategic move, managed by … Read the full press release

CapMan Real Estate Partners with Nobis to Transform Solna Kasernen 1 into Premier Stockholm Destination

(IN BRIEF) CapMan Real Estate has finalized a 20-year lease agreement with Nobis Hospitality Group to develop the Solna Kasernen 1 property in Stockholm’s Royal Haga project into a luxurious hotel, spa, and conference facility. Located in Hagaparken, the site … Read the full press release

Hindalco Awards Metso Contract for India’s First Electronic Waste Recycling Facility

(IN BRIEF) Hindalco Industries Limited, a key player in aluminum and copper production, has awarded Metso a significant contract to build India’s first electronic waste recycling facility near their Birla copper unit in Gujarat. This greenfield project aims to annually … Read the full press release

Ahlstrom Boosts Support for UNICEF’s Global Education Program with Major Investment

(IN BRIEF) Ahlstrom, as part of the Ahlström Collective Impact initiative, will invest nearly EUR 800,000 in UNICEF’s global educational program in 2024. This collaboration aims to address the digital divide by bringing digital learning to millions of children, training … Read the full press release

Nordex Group Surpasses 5 GW Milestone in Nordic Region with Kalistanneva Wind Farm Installation

(IN BRIEF) The Nordex Group celebrates surpassing 5 GW of installed capacity in the Nordic region with the installation of a N163/5.X turbine at the Kalistanneva wind farm in Finland. With over 1,200 turbines across Denmark, Finland, Sweden, and Norway, … Read the full press release

Metsä Group Collaborates with ANDRITZ to Pave the Way for Carbon Capture Integration in Bioproduct Mill

(IN BRIEF) Metsä Group and ANDRITZ are pioneering the integration of carbon capture technology within a bioproduct mill, marking a global first in sustainable forestry practices. This strategic collaboration aims to seamlessly incorporate carbon capture modules into the mill’s operations, … Read the full press release

Countdown to Demerger: Cargotec Eyes June Registration, July Trading for Kalmar Shares

(IN BRIEF) Cargotec Corporation’s demerger plan, approved on February 1, 2024, is set to split its Kalmar business area into a new entity, Kalmar Corporation. Shareholders will receive demerger consideration in the form of new shares in Kalmar. Cargotec has … Read the full press release

University of Helsinki Study Uncovers Alarming Link Between Periodontitis and Stroke in Younger Individuals

(IN BRIEF) A recent study led by the University of Helsinki reveals a concerning link between periodontitis and stroke risk in individuals under 50 years old without known predisposing factors. The severity of periodontitis correlates with the severity of stroke, … Read the full press release

Industry Giants Join Forces to Transform Discarded Tires into Sustainable Automotive Plastics

(IN BRIEF) Neste, Borealis, and Covestro have partnered to recycle discarded tires into high-quality plastics for automotive applications, aiming to drive circularity in the plastics value chain. Through this collaboration, old tires are transformed into raw materials, processed into base … Read the full press release

Metso Reintroduces OtoVentTM Off-Gas Treatment Technology for Metallurgical and Chemical Industries

(IN BRIEF) Metso unveils the reintroduction of its OtoVentTM off-gas treatment technology, designed to quench various types of off-gases in non-ferrous and ferrous metallurgical processes, as well as in oil, gas, and chemical plants. Widely utilized in modern copper smelters, … Read the full press release

University of Helsinki Welcomes Linda Mannila as Inaugural Swedish-Language Computer Science Professor

(IN BRIEF) Associate Professor Linda Mannila assumes the inaugural Swedish-language professorship in computer science at the University of Helsinki, funded by seven Swedish-language foundations. Her research focuses on the societal impacts of artificial intelligence (AI), particularly addressing ethical considerations and … Read the full press release

EU and Nefco Transform University Facilities into Social Housing for IDPs in Ivano-Frankivsk

(IN BRIEF) In response to the pressing need for safe housing for internally displaced persons (IDPs) in Ivano-Frankivsk, a city in western Ukraine, the European Union and Nefco have undertaken a transformative initiative. With approximately 41,000 IDPs seeking refuge in … Read the full press release

MCFA’s Partnership with ENGIE Energy Access Mozambique to Propel Sustainable Cooking Solutions in Mozambique

(IN BRIEF) The Modern Cooking Facility for Africa (MCFA) has joined forces with ENGIE Energy Access Mozambique to advance clean cooking solutions in Mozambique, backed by EUR 1.3 million in funding. Through ENGIE’s subsidiary in Mozambique, innovative biodigester technology will … Read the full press release

Stora Enso and Altris Unite to Drive Eco-Friendly Battery Solutions in Europe

(IN BRIEF) Stora Enso and Altris, a Swedish sodium-ion battery developer, have joined forces to propel the advancement and commercialization of a sustainable battery value chain in Europe. The collaboration centers on integrating Stora Enso’s Lignode®—a sustainable hard carbon derived … Read the full press release

Neste and Valtra Partnership: Driving Global Sustainability with Renewable Diesel

(IN BRIEF) In a significant stride towards sustainability, Finnish tractor manufacturer Valtra, a division of AGCO Corporation, proudly announces the utilization of 5 million liters of Neste MY Renewable Diesel™ at its Suolahti factory in Finland. Collaborating with Neste since … Read the full press release

Neste’s Porvoo Refinery: Major Turnaround Concludes with €390 Million Investment, Sustains Uninterrupted Operations

(IN BRIEF) Neste’s Porvoo refinery in Finland successfully concluded a major turnaround, highlighting a strategic shift to shorter maintenance intervals for enhanced cost-effectiveness and risk management. With over 7,600 individuals involved and 1.4 million working hours invested, the refinery emerged … Read the full press release

Fortum Embarks on a New Chapter: Integrating Hydropower Maintenance Team for Enhanced Efficiency and Community Focus

(IN BRIEF) Fortum marks a significant milestone today as it integrates 250 employees into its hydropower operations and maintenance team across Sweden and Finland. A decade ago, Fortum outsourced these functions but revisited the decision in 2023, opting to bring … Read the full press release

Iconic Finnish Design Meets Sustainable Packaging: Marimekko’s Partnership with Stora Enso

(IN BRIEF) In a collaborative effort to reimagine gift packaging, Marimekko, the renowned Finnish design house, partnered with Stora Enso, a leading provider of renewable packaging solutions. The aim was to create a new, sustainable packaging portfolio featuring Marimekko’s iconic … Read the full press release

Neste’s Green Finance Milestones: Accelerating Sustainable Solutions

(IN BRIEF) Neste has released its annual Green Finance Report for 2023, showcasing its dedication to combatting climate change and advancing toward a circular economy. In 2023, Neste achieved significant milestones in its sustainable funding journey, including the establishment of … Read the full press release

Fortum to Enhance Loviisa Nuclear Power Plant’s Efficiency with Turbine Modernisation

(IN BRIEF) Fortum announces plans to modernise the low-pressure turbines at its Loviisa nuclear power plant, beginning in 2026 as part of lifetime extension investments aimed at ensuring reliable electricity production until 2050. With the Finnish Government granting a new … Read the full press release

Outokumpu Names Ulla Paajanen as Senior VP of Investor Relations & Strategic Advisory

(IN BRIEF) Outokumpu has appointed Ulla Paajanen as the Senior Vice President of Investor Relations & Strategic Advisory, effective June 3, 2024. With extensive experience in capital markets, particularly within the process industry, Ulla brings a wealth of knowledge in … Read the full press release

Germany Approves Unrestricted Sales of 100% Renewable Diesel, Neste Celebrates Milestone

(IN BRIEF) Germany’s recent approval of unrestricted sales of 100% renewable diesel, following the DIN EN 15940 fuel standard, marks a significant milestone in the country’s journey towards decarbonizing its transport sector. Neste, a leading producer of renewable fuels, welcomes … Read the full press release

Neste, Marubeni, and Resonac Collaborate for Renewable Olefins Production

(IN BRIEF) Neste, Marubeni Corporation, and Resonac Corporation have formed a partnership to facilitate the production of renewable olefins and derivatives. Through this agreement, Neste’s renewable feedstock, Neste RE™, will be utilized by Resonac at its Oita Complex in Japan, … Read the full press release

Vietnam Airlines Makes History with First Sustainable Aviation Fuel Flight

(IN BRIEF) Vietnam Airlines achieved a significant milestone by operating its inaugural flight fueled by Neste MY Sustainable Aviation Fuel™, becoming Vietnam’s first airline to utilize sustainable aviation fuel (SAF) for commercial passenger flights. The Airbus A321, departing from Changi … Read the full press release

Gasum and Equinor Extend LNG Supply Deal for Cleaner Maritime Transport

(IN BRIEF) Gasum and Equinor have entered into a long-term contract for Gasum to supply LNG to Equinor’s dual-fuel chartered fleet of vessels, building on their successful previous collaboration. Gasum’s bunker vessels Coralius, Kairos, and Coral Energy will facilitate bunkering … Read the full press release

Valokuitunen: Transforming Finland’s Fiber Landscape with CapMan Infra and Telia Company

(IN BRIEF) CapMan Infra and Telia Company’s joint venture, Valokuitunen Oy, has emerged as the leading fibre-to-the-home (FTTH) provider in Finland, witnessing exponential growth from 20,000 to over 300,000 households within a few years. The company’s success is attributed to … Read the full press release

Study Reveals Potential Transmission of Mental Disorders Within Social Networks

(IN BRIEF) A groundbreaking study conducted by researchers from the University of Helsinki, the Finnish Institute for Health and Welfare, the University of Jyväskylä, and the University of Manchester suggests that mental disorders could be transmitted between individuals within social … Read the full press release

European Investment Fund Boosts Cultural and Creative Sectors with InvestEU Agreements

(IN BRIEF) At the 77th Cannes Film Festival, the European Investment Fund (EIF) and the European Commission announced agreements aimed at bolstering SMEs and small mid-caps in Europe’s cultural and creative sectors. These agreements, supported by the InvestEU programme, involve … Read the full press release

Thales and Nokia Secure Contract to Upgrade Communications Network for London Underground

(IN BRIEF) Thales and Nokia have been awarded a contract by Transport for London (TfL) to enhance the communications infrastructure supporting the London Underground. This comprehensive renewal aims to ensure peak performance of TfL’s multi-services network (MSN), minimizing risks, disruptions, … Read the full press release

Gasum Launches Northernmost Liquefied Gas Filling Station in Rovaniemi, Enabling Biogas Adoption for Transport Company UKK-Express

(IN BRIEF) Gasum has inaugurated its latest gas filling station in Rovaniemi, Finland, marking the northernmost liquefied gas filling station globally. Positioned strategically in the Teollisuuskylä industrial village area, the station aims to facilitate the transition to biogas-powered vehicles in … Read the full press release

University of Helsinki Completes Comprehensive Review of Degree Programs, Unveils Development Goals for Enhanced Education Quality

(IN BRIEF) The University of Helsinki undertook a thorough evaluation of all its bachelor’s, master’s, and doctoral programs during the 2023–2024 academic year, led by a group chaired by University Chancellor Kaarle Hämeri. Highlighting education as a crucial strategic asset, … Read the full press release