Boreal Bioproducts among Sitra's list of Europe’s top 30 circular solutions

A list of 30 European companies showcases practical examples of circular business models that tackle biodiversity loss and generate new business. The circular economy alleviates the strain on natural ecosystems by unlocking more value from existing resources, thereby diminishing the necessity for additional natural resources and creating space for nature to thrive. Boreal Bioproducts is honored to be counted among these trailblazers dedicated to re-generating our planet's ecosystems.

The selection recognises our efforts in producing high-value biochemicals using wood residues from industrial processes. The scalable technology provides the basis for cost-effective production of natural biochemicals while reducing the need for biomass harvesting.

“Boreal Bioproducts show that in forests we can make use of and valorise not only the wood but also other biomass around the trees. Since our biomass supply is limited, it’s important to steer it towards high-value applications.”  Riku Sinervo and Tim Forslund, Sitra

Companies were sought through an open call for applications. The selection of the 30 companies for the final list was based on criteria assessing their circular business model and economic viability, along with their track record and potential for nature action. The assessment was carried out by experts from Sitra and a consulting partner KPMG.

The following criteria were used in evaluation:

• the business model and economic viability;

• the innovativeness of the solution;

• the size of the underlying problem that needs tackling;

• the mitigation hierarchy and use of existing resources;

• the firm’s targets for nature and resource use;

• the environmental impacts on the value chain.

The list represents the expert panel’s view of what they currently consider to be interesting circular economy solutions for biodiversity.