Sulapac, a Helsinki, Finland-based company that has developed a patented material innovation that replaces conventional plastics, received a loan financing from Nefco – the Nordic Green Bank.
The amount of the deal was not disclosed.
The financing will enable Sulapac to scale up on global markets and establish small-scale manufacturing capabilities in Finland to accelerate R&D into innovative materials and manufacture commercial small-scale batches of new sustainable materials.
Founded in 2016 by three scientists, Dr Suvi Haimi, Dr Laura Tirkkonen-Rajasalo and Dr Antti Pärssinen, Sulapac helps customers to replace conventional plastics with a biobased and biodegradable plastic alternative that reduces waste and carbon emissions. The company’s materials are suitable for chemical recycling and are also made using recycled materials. In addition to selling material produced by subcontractors, Sulapac is conducting joint development projects with global brands such as Chanel and Shiseido. Products made of Sulapac in the food services sector are available in outlets such as Carrefour and used by brands like Four Seasons.
FinSMEs
01/05/2023