Borregaard get 232 million from the EU – Fredrikstad Blad

The EU has provided Borregaard pledged a support throughout the 25 million Euro equivalent to around 230 million.

– the money will go to the development and commercialization of Exilva, which is a brand new product developed from cellulose, said communications manager Tone Horvei Bredal to SA.

listed Sarpsborg company has over the years taken out substantial funds for research and development. The entire 230 million from the EU is among the largest amounts the company has received.

Reduces risk

This time the support from Horizon 2020 Flagship program.

According to the Communication Manager this EU framework program for research and innovation. The intention of the aid is to reduce the financial risks associated with the development and market introduction of new technologies in a commercial phase.

In connection with the project Borregaard will lead a consortium of European companies and research institutions. Among these is the way Østfoldforskning.

– The support will cover up to 60 percent of our project costs, up to 25 million euros over three years. The reduced if the project makes a profit during the period, continuing Tone Horvei Bredal.

Developed since 2007

Borregaard has developed Exilva microfibrillated cellulose since 2007 through research, pilot testing and in close cooperation with prospects.

Exilva has unique properties and can be used in a variety of applications such as adhesives, detergents, cosmetics, composites and other industrial applications.

Production is expected to start during the current year. A new plant is under construction inside the plant in Sarpsborg. It is scheduled to be completed in the fall and will initially provide 30 to 40 new jobs.