Biorefining company gets funding boost for scaleup

LIXEA has received a grant of €2m (US$2.4m) from the European Innovation Council Fund to support the scaleup and commercialisation of Lixea’s process to convert wood waste into sustainable chemicals.

Lixea’s process can convert wood waste or agricultural residues into sustainable chemicals, fuels, and materials. It is currently constructing a pilot plant in Bäckhammar, Sweden. It has previously received an EIC grant of €2.3m and says that the combined funding will help the continued operation of the plant as well as support process optimisation.

Krisztina Kovacs-Schreiner, CEO of Lixea, said: “This is a significant milestone not only for Lixea, but for the biorefining industry as a whole. We feel that we are approaching a breakthrough as sustainability beyond just carbon emissions is becoming an increasing concern and other alternatives to fossil-based materials need to be developed. The endorsement of the EIC brings additional credibility to Lixea as a technology innovator as well as a welcome support for our company’s vision.”