Press release -
PaperShell signs a €40.3 million grant agreement with the EU Innovation Fund
The €83 million project will scale PaperShell’s industrial capacity for fossil carbon-free, circular bio-based composite materials. This will accelerate the replacement of strategic materials such as glass fibre, aluminium and plastics across sectors including building and construction, civil and military defence, electronics (CCLs/PCBs) and transport, while strengthening both PaperShell’s and Europe’s supply chain resilience.
Funded by the European Union – Innovation Fund
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Stronger than plastics, versatile like fibre composites, and lighter than sheet metals. Reducing CO2 by up to 99.4%. Climate positive if circulated. PaperShell is new material group, building paper back into a stronger, more resilient version of wood. By press-forming 100% biogenic and fossil carbon free components we offer material substitution for our client’s new or existing products enabling them to transition towards a circular bio economy.
