Pöyry and Betulium sign co-operation agreement for bio-based business
19 June 2017
Pöyry and Betulium have signed a Letter of Intent (LOI) for co-operation that will enable both companies to serve their clients better in bio-based businesses. Pöyry said that the two companies share common objectives in bioindustry, especially in the field of nanocellulose for composites, plastics and similar materials as well as for wood-based nanocellulose and material testing in both the forest and chemical industries.
Betulium Oy is a Finnish clean-tech company established in 2013, providing renewable, biodegradable, and high-performance water-based cellulose materials to replace or supplement synthetic organic polymers in a vast number of industrial applications. The company runs a pilot plant producing material on an industrial scale in Espoo, Finland. Nanocellulose can be used in the manufacture of paper, feeds, foods, cosmetics and pharmaceuticals.
Nicholas Oksanen, Executive Vice President of Pöyry's Industry Business Group said that the co-operation initiative would benefit both parties but especially its clients who can make use of the whole value chain advantages reached from one source, enabling smoother and more efficient R&D operations.