(IN BRIEF) ANDRITZ has been selected to perform the front-end engineering design (FEED) for a large-scale carbon capture unit at Westenergy’s waste-to-energy plant in Finland. The project, ordered by ECCU Ltd, aims to capture all CO2 emissions from the plant’s … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, FEED of Major Carbon Capture Unit, Finland, Harald Reissner, Olli Alhoniemi, partnership, sustainability, waste-to-energy plant, Westenergy
(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
Posted in Banks, Business, Economy, Environment, Financial, Finland, Food & Beverage, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged EIB, Finland, Kaarlo Höysniemi, Oulu, Packaging Transformation, partnership, Stora Enso, sustainability, Thomas Östros
(IN BRIEF) TotalEnergies has acquired Finnish company Tecoil, a leader in producing Re-Refined Base Oils (RRBOs) through an efficient used oil regeneration process. Tecoil operates a 50,000-ton RRBO facility in Finland and has developed a circular economy network for collecting … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Investment
Tagged acquisition, automotive market, car manufacturers, carbon footprint, circular economy, environmentally friendly products, Finland, Hamina, industrial market, INNOVATION, Juha Kokko, June 2024, lubricant production, lubricants, marine market, oil regeneration, Pierre Duhot, premium regenerated base oils, Quartz EV3R, Re-Refined Base Oils, re-refining process, RRBOs, Rubia EV3R, sustainability, Tecoil, TotalEnergies, used lubricants, virgin base oils
(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
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged Denmark, Finland, Ibrahim Özarslan, Kalistanneva Wind Farm Installation, Nordex Group, Norway, partnership, sustainability, Sweden, Till Junge
(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
Posted in Austria, Business, Environment, Financial, Finland, Industrial, Investment, Management, News, Technology
Tagged Andritz, bioproduct mill, Carbon Capture Integration, Finland, Metsä Group, partnership, Sari Pajari-Sederholm, sustainability
(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
Posted in Austria, Automotive, Business, Chemicals, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged automotive, Borealis, Covestro, Finland, Germany, Guido Naberfeld, Jeroen Verhoeven, Neste, partnership, plastics, sustainability, Thomas van de Velde, tires
(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
(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
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged CapMan Infra, Fiber Landscape, Finland, Harri Halonen, Heikki Kaunisto, partnership, Sauli Antila, sustainability, Sweden, Telia Company, Valokuitunen
(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
Posted in Art & Culture, Banks, Business, Economy, Environment, Financial, Finland, France, Germany, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Alessandro Tappi, Creative Sectors, cultural, European Investment Fund, Finland, France, Germany, InvestEU Agreements, partnership, SMEs, sustainability, Thierry Breton
(IN BRIEF) Outokumpu, a leading manufacturer in sustainable stainless steel, has secured the ResponsibleSteel certification for all its production facilities in Europe, making it the first Nordic company to earn this accolade for all seven of its sites across Finland, … Read the full press release
Posted in Business, Environment, Finland, Germany, Government, Industrial, Management, Media, Metals and Minerals, News, Security & Safety, Sweden
Tagged Anna Vainikainen, Annie Heaton, Finland, Germany, Heidi Peltonen, Nordics, Outokumpu, ResponsibleSteel Certification, safety, sustainability, sustainable steel production, Sweden
(IN BRIEF) Marel has embarked on a pilot project to utilize green steel, produced using renewable energy and recycled materials, in its manufacturing processes to reduce environmental impact. This initiative is part of Marel’s broader strategy to meet its Science-Based … Read the full press release
Posted in Business, Environment, Financial, Finland, Food & Beverage, Government, Iceland, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Arni Sigurdsson, carbon emissions, Finland, green steel, Iris Tryggvadottir, Marel, Olafur Fridriksson, Outokumpu, partnership, Sjoerd van der Heijden, sustainability
(IN BRIEF) Vodafone and Nokia have concluded a successful three-month Open RAN trial in the Alpine towns of Arcisate and Sernio, Italy, leveraging a live 5G standalone (5G SA) test network. The trial showcased impressive results, achieving gigabit download speeds … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology, Telecom, United Kingdom
Tagged Finland, Mark Atkinson, Nokia, Northern Italy, Open RAN Trial, partnership, Santiago Tenorio, sustainability, vodafone
(IN BRIEF) SSAB and Nordec have entered into a crucial agreement aimed at streamlining the supply chain for fossil-free steel, a significant step towards achieving SSAB’s goal of delivering fossil-free steel to the market by 2026. The collaboration entails SSAB … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Sweden, Technology
Tagged Finland, fossil-free, Kalle Luoto, Lotta Ruottinen, Nordec, partnership, SSAB, Steel Supply Chain, sustainability
(IN BRIEF) Nordic Investment Bank (NIB) and Aktia Bank Plc have joined forces in a seven-year EUR 75 million loan agreement aimed at supporting small and medium-sized enterprises (SMEs), smaller mid-caps (SMCs), and environmental projects in Finland. With a commitment … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, News, Small Business, Sweden
Tagged Aktia Bank, André Küüsvek, environmental projects, Finland, Juha Hammarén, NIB, partnership, SMEs, sustainability, Sweden
(IN BRIEF) Metsä Group partners with ANDRITZ to conduct a pre-study for a groundbreaking commercial mill dedicated to producing Kuura textile fiber, a sustainable product derived from Finnish wood. This collaboration aims to develop innovative pulp pre-treatment methods, integrate textile … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Government, Industrial, Investment, News, Technology
Tagged Andritz, Finland, Kari Tuominen, Kuura Fiber Production, Metsä Group, Niklas von Weymarn, partnership, sustainability
(IN BRIEF) BASF announces the commencement of change negotiations at its precursor cathode active materials plant in Harjavalta, Finland, due to prolonged permitting processes and regulatory uncertainty. The decision, prompted by the suspension of the environmental permit’s immediate enforcement by … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged BASF, Finland, Harjavalta Plant, negotiations, partnership, sustainability, Tomi Oja
(IN BRIEF) The Bicentennial Schools Programme, a collaborative effort between the Government of Peru, the UK Government, and Finland, aims to bolster school infrastructure and enhance access to education by constructing 75 schools across Peru. AFRY, as part of the … Read the full press release
Posted in Business, Construction, Education, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, United Kingdom
Tagged AFRY, Education Infrastructure, Finland, Koulu Consortium, partnership, PERU, sustainability, UK Government
(IN BRIEF) Researchers at the University of Helsinki’s Institute for Atmospheric and Earth System Research (INAR) conducted a study in Finland’s Siikaneva peatland, revealing significant insights into pre-industrial aerosol formation processes. The investigation highlighted the release of highly oxygenated organic … Read the full press release
(IN BRIEF) Vodafone and Nokia have conducted successful tests of a new Internet technology that promises to significantly enhance the home broadband experience, particularly for activities like gaming and video calls. The technology, known as L4S (Low Latency, Low Loss, … Read the full press release
Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Technology, Telecom, United Kingdom
Tagged Azimeh Sefidcon, Finland, Gavin Young, Home Broadband, Internet Technology, L4S (Low Latency Low Loss and Scalable throughput), Nokia, partnership, vodafone
(IN BRIEF) Nordic Investment Bank (NIB) and Aalto University Foundation sign a EUR 45 million loan agreement for the construction and renovation of Aalto University campus buildings in Espoo, Finland. The funding supports projects aimed at enhancing higher education, research, … Read the full press release
Posted in Banks, Construction, Education, Financial, Finland, Industrial, Infrastructure & Utilities
Tagged Aalto University, Aalto University Foundation, Aalto-korkeakoulusäätiö sr, construction, Espoo, financing, Finland, K3, Kide, Kide buildings, loan, Marsio, NIB, Otaparkki, renovation
(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, European Union, Financial, Finland, France, Germany, Iceland, Industrial, Investment, Management, News, Poland, Serbia, Slovakia, Small Business, Society, Spain, Turkey, Ukraine
Tagged Bosnia and Herzegovina, Carlo Monticelli, CEB, Europe, Finland, France, Germany, Iceland, investments, partnership, Poland, SERBIA, Slovakia, Social Sector, Spain, Turkey, UKRAINE
(IN BRIEF) Metsä Group has announced plans to build a demo plant for lignin refining at its Äänekoski bioproduct mill, with equipment supplied by ANDRITZ. Scheduled for completion in late 2025, the plant aims to refine lignin, a substance in … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, Finland, Ismo Nousiainen, Kari Tuominen, lignin, Lignin Refining Demo Plant, Metsä Group, partnership, Raquel Fortes, sustainability
(IN BRIEF) Mercedes-Benz Trucks engineers have completed rigorous trials of the battery-electric eActros 600 in Rovaniemi, Finland, enduring temperatures as low as minus 35 degrees Celsius. Dr. Christof Weber, Head of Global Testing, expresses satisfaction with the test outcomes, praising … Read the full press release
(IN BRIEF) wpd, a leading developer of onshore wind energy projects in Europe, has achieved significant milestones in Sweden and Finland. In Sweden, they’ve commissioned the Stöllsäterberget wind farm and secured contracts for future projects. In Finland, wpd is progressing … Read the full press release
Posted in Energy, Gas & Oil, Finland, Germany, Industrial, Infrastructure & Utilities, Sweden
Tagged Dalarna, Finland, Green Energy, Lapland, Maaselänkangas wind farm, onshore wind energy, Oulainen, Palovaara, Paul Bade, Råliden wind farm, renewable energies, Ripfjället, Söderskogen, Stöllsäterberget wind farm, Sweden, Tomasliden, Värmland, Västerbotten, wind farm infrastructure, WPD, wpd Scandinavia, wpd Suomi, wpd Suomi Oy
(IN BRIEF) Stora Enso’s innovative Harvesting Partner concept, aimed at fostering entrepreneurship and skillful operators in the forest industry, has expanded across Sweden, Finland, Norway, and Lithuania since its launch in November 2022. In collaboration with SEB, Stora Enso has … Read the full press release
Posted in Banks, Business, Construction, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Lithuania, Management, News, Norway, Sweden, Technology
Tagged entrepreneurs, Financing Model, Finland, Forest Industry, innovative, Jakob Hansson, Lithuania, Mattias Bränngård, Norway, partnership, SEB, Stora Enso, sustainability, Sweden
(IN BRIEF) In a groundbreaking collaboration, Metsä Group and technology supplier ANDRITZ have joined forces to tackle Scope 3 greenhouse gas emissions, targeting reductions across their value chains. This partnership aims to revolutionize emission management by identifying innovative solutions that … Read the full press release
Posted in Austria, Business, Environment, Financial, Finland, Industrial, Investment, Management, News, Technology
Tagged Andritz, Ari-Pekka Määttänen, Finland, greenhouse gas emissions, Jari Voutilainen, Metsä Group, partnership, sustainability
(IN BRIEF) Neste takes a significant step towards accelerating the electrification of heavy-duty vehicles (HDVs) in Finland by introducing its first high-power charging stations for business customers. Located at the Neste Janakkala Linnatuuli service station along highway 3, these charging … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged DB Schenker, electrification, Finland, Harald Knaapinen, heavy duty vehicles, high-power charging stations, Janakkala Linnatuuli, Janne Silvonen, Neste, partnership, Risto Karppinen, sustainability, Volvo Trucks
(IN BRIEF) Neste maintains its position as the second most valuable Finnish brand for the third consecutive year, according to the latest Brand Finance Finland 25 2024 ranking. The world’s leading independent brand valuation consultancy, Brand Finance, reports a 13% … Read the full press release
Posted in Awards, Energy, Gas & Oil, Environment, Finland, Industrial, Management, News
Tagged 2nd Most Valuable Brand, Awards, Brand Finance Ranking 2024, Finland, Neste, sustainability
(IN BRIEF) Telia and Danfoss Leanheat have teamed up to introduce an innovative heating optimization solution in Finland. By installing Telia’s Indoor Climate Monitoring sensors in apartments, gathering indoor data, and connecting it to a cloud service for analysis, the … Read the full press release
Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Sweden, Technology, Telecom
Tagged Danfoss Leanheat, energy consumption, energy optimization, Finland, heating optimization, Indoor Climate Monitoring sensors, Kimmo Ahvenlampi, Lauri Hiekkanen, smart building solutions, Telia, Telia Heating Optimization
(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release
Posted in Banks, Business, European Union, Financial, Finland, Iceland, Industrial, Investment, Management, News, Norway
Tagged André Küüsvek, Denmark, Estonia, Finland, Iceland, InvestEU, Latvia, Lending Capacity, Lithuania, NIB, Norway, partnership, Poland, sustainability, Sweden
(IN BRIEF) Valio, a Finnish dairy company, is initiating change negotiations affecting its Finnish headquarters functions and factory services. The negotiations involve around 1,170 employees and will address potential dismissals and material changes to employment terms, including job description and … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing up to €100 million in Taaleri SolarWind III, a fund managed by Finland-based Taaleri Energia. This investment aims to support the development of 800 MW of new renewable … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Anne Fossemalle, EBRD, Finland, fund, Kai Rintala, partnership, renewable energy projects, sustainability, Taaleri Energia, Taaleri SolarWind III
(IN BRIEF) In 2023, Fortum’s Loviisa nuclear power plant in Finland achieved exceptional results, generating 8.09 terawatt-hours of carbon-free electricity. Loviisa 1 and Loviisa 2, the plant’s units, demonstrated high operational efficiency with load factors exceeding 89%. Fortum also collaborated … Read the full press release
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is taking steps to reduce its carbon footprint and enhance energy self-sufficiency. The company has invested further in the Rajakiiri wind farm in Tornio, Finland, increasing its ownership to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Investment, Metals and Minerals
Tagged ferrochrome, Finland, Outokumpu, Outokumpu EvoEnergy, Rajakiiri wind farm, renewable energy, solar power plants, stainless operations, Stainless Steel, sustainable stainless steel, Tony Lindström, Tornio, wind farm, wind turbines
(IN BRIEF) The Nordic Investment Bank (NIB) has entered into a 20-year EUR 70 million loan agreement with the Wellbeing Services County (WSC) of North Savo, Finland, to fund the expansion and renovation of the “Uusi Sydän” central hospital and … Read the full press release
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is investing approximately EUR 30 million in a pelletizing plant for biocoke in Tornio, Finland, with production set to start in mid-2025. The move aims to reduce direct emissions … Read the full press release
Posted in Business, Environment, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged biocoke, Finland, green steel production, Outokumpu, partnership, Pelletizing Plant, sustainability, Timo Huhtala, Tornio
(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
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged Camilla Hoflund, Finland, Fortum, green transition, Laurent Leveugle, nuclear, partnership, Studsvik, sustainability, Sweden
(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
Posted in Banks, Business, Economy, Environment, European Union, Financial, Finland, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged EIF, Finland, LocalTapiola, Marjut Falkstedt, Matti Kiviniemi, partnership, small businesses, SMEs, sustainability
(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
Posted in Energy, Gas & Oil, Finland, Industrial, Infrastructure & Utilities, Transportation & Logistics
Tagged Balticconnector gas pipeline, bunkering vessels, Equinor, Estonia, Finland, floating storage regasification unit, FSRU, gas pipeline grid, Gasum, Inkoo, Inkoo FSRU, Inkoo FSRU terminal, Jouni Liimatta, liquefied natural gas, LNG, LNG cargo, natural gas
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
