Pöyry, Betulium Sign Bio-Based Business Cooperation Agreement
Finland-based Pöyry and Betulium have signed a Letter of Intent (LOI) for co-operation that will enable both companies to serve their clients better in bio-based businesses. Pöyry and Betulium share common objectives in the bioindustry: together they have the know-how and experience which can be used especially in the field of nanocellulose for composites, plastics, and similar materials, as well as for wood-based nanocellulose and material testing in both the forest and chemical industries.
Betulium Oy is a Finnish clean-tech company established in 2013. Betulium provides renewable, biodegradable, and high-performance water-based cellulose materials to replace or supplement synthetic organic polymers in a vast number of industrial applications. Betulium runs a pilot plant producing material on an industrial scale in Espoo, Finland. Nanocellulose can be used in the manufacture of paper, feeds, foods, cosmetics, and pharmaceuticals.
Pöyry has a proven track record in process engineering excellence in the chemicals and biorefining sectors and knows the complex bioindustry value chain, megatrends, drivers, and business partners. Pöyry's highly-skilled experts can help clients to identify value added opportunities and commercialize bioproducts with engineering solutions that maximize profitability, sustainability and health, safety, and environmental (HSE) aspects.
"Our services in bio-based solutions cover the whole project life cycle from identifying opportunities through market studies and developing the business idea to the design and startup of industrial scale production plants. This co-operation initiative will benefit both parties but especially our clients who can make use of the whole value chain advantages reached from one source, enabling smoother and more efficient R&D operations," said Nicholas Oksanen, EVP of Pöyry's Industry Business Group.
Pöyry is an international consulting and engineering company that delivers smart solutions across power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation, and water. Pöyry's net sales in 2016 were EUR 530 million. Poyry has some 5,500 experts in 40 countries, in 130 offices.
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