Biofiber Tech has received investments of 3 MSEK from Almi Invest Green Tech Fund and additional 3,65 MSEK from existing and new investors through a new share emission of total 6,65MSEK. https://press.almiinvest.se/posts/pressreleases/almi-invest-investerar-i-biofiber-tech-vars-m
- This is one of the companies that can provide very large and rapid CO2 reduction before 2030, because the technology can easily be integrated into existing processes and raw material flows - both from the forest industry and the plastic industry - without major investments, says Karin Ebbinghaus , Investment Manager at Almi Invest's Green Tech Fund. There is an enormous need for such new types of materials that can replace or supplement today's plastics in everything from packaging to the automotive industry. The bioplastics available on the market today often have challenges with cost and scalability - something that Biofiber Tech's technology solves.
- We are grateful to Almi Invest Green Tech Fund and to our existing and new investor's investments. This Invest ment fulfills our need to build the company further and will be used to ensure that production can be scaled up, for technology implementation on a larger scale, patent costs and for recruiting new talents, says Eric Zhang, CEO, Biofiber Tech.
For further information, please contact:
Eric Zhang, CEO Biofiber Tech, tel 070-673 91 07, mail email@example.com
Karin Ebbinghaus, Investment Manager Almi Invest, tel 070-339 55 42, mail firstname.lastname@example.org
Biofiber Tech is nominated as one of the Norrsken Foundation Impact 100 companies recognizing that Biofiber Tech has developed a unique & proprietary technology to enable usage of wood fibers to replace fossil-based plastics. We thank Norrsken Foundation for the nomination and for creating such a great impact platform of combining entrepreneurship and technology to make the world a better place. https://norrskenimpactweek.org/organisations/biofiber-tech/
Biofiber Tech will be participating and exhibiting at Plastic Free World Conference & Expo on 27- 28 June 2019 at Frankfurt Messe, Germany. Welcome to visit our stand to discuss how we together can contribute to the challenges of the global plastic footprint.
Biofiber Tech has attended a number of conferences and fairs this spring. Between 8th-9th of May we will be found at Plastteknik Nordic in Malmö at it's 10 years anniversary. Visit https://www.easyfairs.com/sv/plastteknik-nordic-2019/plastteknik-nordic-2019/utstaellare-hallplan/utstaellarkatalog/stand/833555/ for our exhibition details and we look forward to meeting new faces and connecting with leading companies in the Swedish plastics industry.
Interested in knowing more about this event or other events which Biofiber Tech will attend this spring? Just contact us to see if our paths will cross or let us arrange a meeting.
Biofiber Tech is selected as one of the Swedish start-ups to show up in the SUP 46 & Invest Stockholm demo day on 2nd Sept 2018 in connection with STHLM TECH FEST 2018 . Please also see http://sup46.com/event/sup46-invest-stockholm-demo-day/ for further details.
“New technology opens the door to bioeconomy “ – press news release by Sveaskog, Sweden’s largest forest owner, about the technology innovation project Biofiber Tech is currently working on together with Sveaskog and other collaboration partners. Please refer to https://www.sveaskog.se/press-och-nyheter/nyheter-och-pressmeddelanden/2018/ny-teknik-oppnar-dorren-till-bioekonomi/ for details.
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