Valmet’s project is aimed at further strengthening the R&D work in order to develop process technologies, automation, and services. The Finnish company plans to invest EUR 40 million into the project during the upcoming four-year period.
March 28, 2022
Valmet Oyj will launch a new R&D and innovation project called Beyond Circularity, which improves the readiness to support the green transition in Valmet’s customer industries based on the company’s technology vision 2030.
The project is aimed at further strengthening the R&D work in order to develop process technologies, automation, and services for utilising renewable materials and recycled waste and side streams. Furthermore, the project also enables further improving the energy efficiency of its process technologies and enables a shift towards the use of fossil-free energy in its pulp and paper industry customers’ production processes.
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Valmet will start building an ecosystem that is aimed at attracting partners, universities, research institutes, and customers to participate in making the green transition a reality within the pulp and paper industry. This ecosystem is expected to have more than 100 partners in Finland in 2025.
The Finnish company plans to invest EUR 40 million into the project during the upcoming four-year period to execute its technology vision and climate program and generate growth. The project is partly funded by Business Finland and is part of the “Veturi” initiative, where international companies are invited to solve some of society’s most pressing challenges, through increased research, development, and innovation investments in Finland.
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Janne Pynnönen, Vice President of Research and Development, Valmet, says, “We are excited to launch Beyond Circularity. A new green transition ecosystem is to be built as part of this project, which is expected to create value and growth for the participants, expand competencies to new areas and encourage the best national and international partners in the field to join. The core of the ecosystem is Valmet’s unique triangle approach of technology, automation, and services enriched by the interdisciplinary know-how of the partners.”
