Borregaard has received a commitment of NOK 15.9 million in funding from the Research Council of Norway (NFR) for an innovation project that will maximize the value of raw materials and reduce waste streams in industrial processes.

In Project XyloBond, Borregaard will develop green binding additives that will ensure better utilization of raw material and waste streams in a wide variety of industries, including metallurgy, batteries and animal feed production. XyloBond will deliver new sustainable technology to maximize the value of raw materials and increase performance and efficiency in advanced industrial processes.

- The new binding additives developed in XyloBond will be based on biopolymers from Norwegian wood and represent a sustainable alternative to oil-based products used in industry today. The funding represents a major risk relief for Borregaard and contributes to more sustainable innovation and development in different industries, says CEO Per A. Sørlie.

Borregaard has one of the world's most advanced biorefineries. Using natural, sustainable raw materials, Borregaard produces advanced and environmentally friendly biochemicals and biomaterials that can replace oil-based products. Borregaard has 1100 employees in 16 countries and is a global market leader in lignin-based products.