EU Innovation Fund grant agreement · Climate tech
PaperShell signs EU grant agreement for up to €40.3m
The EU Innovation Fund will support industrial expansion of paper-based composite production in Tibro.
PaperShell has signed an EU Innovation Fund grant agreement providing up to €40.3 million for expansion of its industrial production. The Swedish manufacturer announced the agreement on 12 March as part of a project with a total investment volume of €83 million.
The project will increase capacity to make biogenic composite components that can replace materials such as plastics, aluminium and glass fibre in industrial products. PaperShell press-forms kraft paper into structural parts, with applications spanning construction, transport and electronics.
Use of funds
Expand industrial production of biogenic composite materials in Tibro
Funding history
EU Innovation Fund grant agreement · This round≤€40.3M