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Beskrivning

LandNorge
ListaOB Match
SektorMaterial
IndustriSkog & Cellulosa
Norske Skog är verksamma inom skogsindustrin. Bolaget är en tillverkare av diverse produkter för nyhetstidningar, posters samt kontorspapper. Störst verksamhet återfinns inom den nordiska marknaden, men företaget har även produktionsanläggningar runtom den australiensiska marknaden. Kunderna består av diverse företagskunder inom varierande branscher.
2020-10-15 13:00:00
Tony Duncan, the CEO of the Circa Group, presented the unique biochemical
technology from Circa at the virtual Oslo Børs and Pareto Securities' Cleantech
Seminar today, please see the attached presentation.

“We started developing our proprietary Levoglucosenone (LGO) production process,
the Furacell process, more than 10 years ago in an effort to discover high value
uses for waste biomass. LGO is a uniquely bio-privileged platform chemical that
can be used for sustainable and high quality production of medicines,
electronics, polymers and much more. Cyrene is one of the LGO derivatives that
is receiving significant commercial attention, and this biochemical forms the
basis for the ReSolute project,” says Circa Group Chief Executive Officer Tony
Duncan.


About Circa Group
Circa Group is an Australian-based biochemistry company converting waste biomass
into advanced biochemicals through its patented Furacell process. In a
consortium with ten partners, Circa Group has established the “ReSolute” project
which aims to build a first-of-its-kind industrial plant for the production of
green biochemicals with annual capacity of 1,000 tonnes. By converting wood
biomass into Cyrene, a non-toxic and biodegradable solvent with wide application
potential, the project will have a positive environmental impact.

The ReSolute project has received a EUR 11.6 million grant from Horizon 2020,
the EU funding programme for research and innovation.  In second quarter 2020,
Norske Skog increased, subject to FIRB approval (foreign investment review board
in Australia), its ownership stake in Circa Group from 10.0% to 27.7%.


For further information

Norske Skog media:
Vice President Corporate Communication and Public Affairs
Carsten Dybevig
carsten.dybevig@norskeskog.com
 Mob: +47 917 63 117
Twitter: @Norske_Skog

Norske Skog investor relations:
Investor Relations Manager
Even Lund
even.lund@norskeskog.com
Mob: +47 906 12 919