In a major stride for eco-friendly innovation, Vienna’s own Lignovations has recently secured a whopping €2.2 million in funding. This significant investment, including a minority stake from the globally renowned Borregaard, marks a pivotal moment in Lignovations’ journey towards revolutionizing the biomaterial industry with sustainable, lignin-based alternatives.
A Partnership Rooted in Sustainability
The partnership with Borregaard, a titan in lignocellulosic solutions, is not just a financial boost for Lignovations but a union of shared values and visions. Martin Miltner, the CEO of Lignovations, expresses his enthusiasm about Borregaard’s involvement. “Having Borregaard on board is more than just an investment; it’s a collaboration of two entities that are deeply committed to sustainability and innovation. This partnership will catalyze our efforts in developing and commercializing next-gen functional lignin-based materials, pivotal in our transition to a more sustainable world.”
Founded in 2021, Lignovations has quickly become a name to reckon with in the realm of biomaterial innovation. The company stands out as the first to commercially produce Colloidal Lignin Particles. These particles serve as a high-performance, multifunctional substitute for many synthetic chemicals found in everyday products like cosmetics, coatings, packaging, and adhesives.
Harnessing Nature’s Ingenuity
Lignovations isn’t just creating materials; it’s rethinking how nature’s designs can be harnessed for modern use. “We’re leveraging 500 million years of evolution,” states Stefan Beisl, Head of R&D at Lignovations. “Lignin naturally protects plants from environmental stressors. Our patented technology enables us to transform this protective property into consumer products, offering a sustainable alternative to traditional, fossil-based materials.”
This fresh influx of funds will empower Lignovations to ramp up their R&D, upscale production, and extend their innovative biomaterial solutions across various industries.
A Shared Vision for a Greener Future
Borregaard’s involvement goes beyond financial support; it’s a testament to their belief in the transformative potential of lignin-based materials. Pål Romberg, Director of Acquisitions and New Investments at Borregaard, echoes this sentiment. “Investing in Lignovations aligns perfectly with our ethos of sustainable solutions and reducing dependency on fossil resources. We’re excited to support Lignovations in pioneering new lignin applications.”
Joining the investment bandwagon are Valnon Holding, existing investors, and non-dilutive public grants from AWS and FFG. This collective support underscores a robust commitment to advancing biomaterial innovation and lessening the environmental impact of various industries.
A Step Forward for the Planet
Lignovations’ journey, bolstered by this recent funding, is more than a business success story. It’s a beacon of hope in the quest for sustainable solutions. By tapping into the untapped potential of lignin, Lignovations is not just innovating; it’s leading a green revolution in the material world. Their work represents a significant leap towards a future where eco-friendly solutions are not just viable but preferred, marking a key milestone in our collective effort to nurture a healthier, more sustainable planet.
