Bio-based materials startup LignEasy secures $1.1 million investment

In the UK, Startup Magazine reported that EIT InnoEnergy has committed $1.1 million to LignEasy, a trailblazer in bio-based materials.

According to the report, LignEasy focuses on advanced lignin separation technology aimed at reducing carbon emissions within the pulp industry and transitioning away from fossil-based raw materials towards more sustainable, forest-derived alternatives.

The report added that this financial boost integrates LignEasy into EIT InnoEnergy’s portfolio, offering critical support for the company’s scaleup and the widespread adoption of its eco-friendly solutions in kraft pulp mills. The funding builds on LignEasy’s previous achievement of securing the EIC Accelerator grant, pushing the development of its pilot plant towards a production capacity of 1 ton/day by autumn.

Jonas Nordlund, Investment Manager at EIT InnoEnergy Scandinavia, said: “We believe that LignEasy will play a significant role in decarbonizing multiple industries, and we are delighted to welcome them into our portfolio. Their innovative approach to lignin separation not only addresses the significant wastage in kraft pulp mills but also opens up new avenues for sustainable bioproducts, transforming lignin from a waste product into a valuable resource.”

Juho-Matti Karpale, CEO at LignEasy added: “This investment marks a major milestone for our company and one that will help us to scale up our efforts to decarbonize the pulp and chemical industries.”

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