Konsernsjef Karl HenrikSundstrøm in Stora Enso is doing research on biofuels( Photo:Stora enso)
CEO  Karl HenrikSundstrøm in Stora Enso is doing research on biomaterials  in Stockholm( Photo:Stora enso)


Stora Enso inaugurates new Innovation Centre for biomaterials in Stockholm withSwedish Minister for Enterprise and Innovation, Mikael Damberg, and Stora Enso CEO, Karl-Henrik Sundström present at at the opening thursday. The  Norwegian Banks  Investmen Management( oljefondet) is one of the major shareholders in Stora Enso  togheter with Wallenberg and the State of Finland.

The Innovation Centre for biomaterials will host research, application,
business development and strategic marketing under one roof. By creating
renewable solutions and products from second-generation biomass, such as wood,
in order to replace fossil-based products, the centre is addressing societal
problems such as climate change, increased urbanisation as well as water and
land use issues. 

Reneable materials company

“The Innovation Centre in Stockholm is another important step on the road to
Stora Enso’s transformation into a renewable materials company. It will help us
build on our long, worldwide tradition in forestry, which – when coupled with
access to sustainable raw materials and our expertise in fibres – gives us an
excellent starting point for creating solutions that will benefit our customers
and end-users in various industries and markets,” says Karl-Henrik Sundström,
CEO at Stora Enso. 

Will boost innovation

“Specifically, the centre will help to boost innovation by identifying business
opportunities in the markets for renewable materials and bio-based chemicals.
We will link our own expertise with leading research centres, universities and
business partners,” says Arno van de Ven, SVP, Head of Innovation in Stora
Enso’s Biomaterials division. 

Will employ one hundred

Currently, there are 40 people working in the centre and it is estimated that
by the end of 2017 it will employ around 100 people, recruited both from inside
of the company as well as externally. The Innovation Centre covers 4 900 m2,
with a state-of-the art laboratory area of 1 600 m2, and is located in the
greater Stockholm area in Nacka, Sweden,  says Kirsi Seppäläinen, SVP Communications, Division Biomaterials in stora Enso.

Leading provider

Stora Enso is a leading provider of renewable solutions in packaging,
biomaterials, wood and paper on global markets. Our aim is to replace
non-renewable materials by innovating and developing new products and services
based on wood and other renewable materials. We employ some 27 000 people in
more than 35 countries, and our sales in 2014 were EUR 10.2 billion. Stora Enso
shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB
(STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY)
on the International OTCQX over-the-counter market, reports Nordic News. 

Swedish Minister of Innovation , Mikael Damberg as opening  a research center for biomaterials( Photo:  Swedish Gov)
Swedish Minister of Innovation , Mikael Damberg as opening a research center for biomaterials( Photo: Swedish Gov)

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