In Estonia, biotechnology startup ÄIO has raised €6.1 million through venture capital funds Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC. The funds will be used to build a demo plant in Estonia to produce environmentally friendly oils and fats from wood and agricultural residues, offering an alternative to the widely used oils in […]
In Estonia, foodtech startup Äio has closed a €6.1 million ($6.8 million) funding round to build a demonstration-scale, fermentation-based production unit converting crop and wood waste into palm oil and animal fats. Investors included Voima Ventures, 2C Ventures, Nordic Foodtech VC, and SmartCap Green Fund. “Providing sustainable alternatives to products such as palm oil or […]
In Estonia, SRC Group and GREEN MARINE will develop and market SRC’s Methanol Superstorage, using SPS Technology’s Sandwich Plate System, which increases shipboard tank volumes by 85%. This technology eliminates the need for traditional cofferdams, optimizing space and efficiency on vessels, mitigating methanol’s lower energy density compared to conventional heavy fuel oil. GREEN MARINE, know […]
In Estonia, researchers at the University of Tartu, will advance understanding of gas-consuming bacteria, supported by European Research Council grant funding. The project will pioneer a novel method for creating a large number of genetically engineered strains and compile a knowledge base that will accelerate engineering of cell factories and research in the field of […]
In Estonia, last week Baltic Workboats AS signed a contract for the design and construction of a new multipurpose vessel with the Estonian State Fleet. The vessel will be powered by biomethane and electricity to guarantee ecological sustainability and will be completed in 2026. The new workboat will enhance the capacity for regular buoy tender […]
