Lignin Industries raises 25 million SEK in new share issue
Lignin Industries AB announces the successful completion of its latest new share issue, raising a total of 25 million SEK. This marks an important milestone for the company on its way to revolutionising the biobased plastic industry. The funds secured through this new share issue will be instrumental in advancing Lignin Industries’ innovative solutions for producing renewable biobased plastics from forest residues.
”I am really happy to see the trust in what we are trying to do as a company. To attract this capital on time, fully supported by the main owners and also bringing in new ones, is crucial for our efforts to further speed-up the ongoing commercialisation”, says Fredrik Malmfors, CEO of Lignin Industries.
Lignin Industries, a pioneering Swedish greentech company founded in 2018, has developed an innovative patented technology that transforms lignin—one of the most abundant yet underutilised biobased polymers in the world—into renewable, high-performance thermoplastics. This ground-breaking material serves as an alternative to fossil-based plastics, significantly reducing carbon dioxide emissions. Compared to many other biobased polymers this drop-in material is scalable, resource efficient and based on unused biomass. Through innovation, Lignin Industries is reinforcing its commitment to environmental sustainability, paving the way towards a greener future with less carbon dioxide emissions and less fossil dependency.
Press contact:
Ella Norén, Head of Business Development
ella.noren@lignin.se +46 73 837 32 86
About Lignin Industries:
With a history of five generations of pioneers within the forest industry, Lignin Industries AB was founded in Sweden in 2018. Head office is in Knivsta, outside Stockholm. By using green chemistry to upcycle residual materials from the forest industry and with a vision to reshape the future of biobased plastics, Lignin Industries has developed a patented technology transforming lignin into a renewable, high-performance biobased thermoplastic, replacing traditional fossil plastics. Possible applications are polyethylene films, propylene moulds and ABS moulds among others. www.lignin.se