One example of a Finnish cleantech innovation is the wood-based biofuel produced from forest industry residues. According to a recent research study by the Association for Finnish Work, Finns believe that the biggest chances of future success for domestic companies lie in environmentally sustainable technologies (46%), the forest industry (30%) and health technologies (30%). Success in the renewable energy industry is also deemed likely (28%).
“The study results confirm our impression that people believe Finnish companies will help solve future global issues like challenges related to the climate change and sustainable development. Companies in these fields have an enormous growth potential all over the world,” says Tero Lausala, CEO, The Association for Finnish Work.
One example of a Finnish cleantech innovation is the wood-based UPM BioVerno diesel developed by UPM. It is a Finnish Key Flag product produced in the Lappeenranta Biorefinery using crude tall oil. The product development maximises the utilisation of sustainable wood raw material.
Crude tall oil is a natural wood extract, mainly from the resin of coniferous trees, gained as a residue of pulp production. Therefore, the production of UPM BioVerno does not require any extra felling of trees.
“Innovations that reduce the harmful climate effects of traffic and driving are extremely important. Unlike traditional biofuels, UPM BioVerno is derived from non-food materials, and is suitable for all diesel engines without needing to be blended. Its greenhouse gas emissions and local road traffic emissions, like nitrogen oxides and particles, are significantly lower compared to traditional fossil diesel,” says Sari Mannonen, Vice President of UPM Biofuels.
The survey information is based on the Made by Finland campaign study by the Association for Finnish Work. The survey was conducted by the market research company Taloustutkimus in February 2017, and responses were received from 2219 Finns aged 18-79. The Made by Finland campaign is a collaboration between the Association for Finnish Work, its members and collaborative organisations, and it celebrates Finnish work and its success stories. More than 80 companies and organisations take part in the campaign.