Business Finland is Finland’s public organization for innovation funding and trade, investment, and travel promotion. Operating under the Ministry of Economic Affairs and Employment, it consists of a government agency and a state-owned company, formed in 2018 through the merger of Tekes (the Finnish Funding Agency for Innovation) and Finpro. Business Finland provides R&D and innovation grants, loans, and programs, supports internationalization of Finnish companies, attracts foreign direct investment, and operates Visit Finland. It maintains a domestic and international office network.
For the chemical and process industries, Business Finland funds research, development, and piloting projects in areas such as bioeconomy, circular economy, advanced materials, batteries, clean hydrogen, and industrial decarbonization. It supports demonstration plants and ecosystem collaborations between companies, universities, and research institutes, and runs thematic programs that connect Finnish capabilities with global markets and investors. The organization also facilitates partnerships and investment cases for sustainable chemistry and related manufacturing in Finland.
chemXplore tracks 3 projects involving Business Finland, of which 3 are active.
Business Finland's role on them: Investor / Financier.
2 expansion and 1 new construction.
1 of the active projects carry no start-up date yet.
Contractors, licensors, and offtakers are recorded on all 3 of them For subscribers
Targeting: Carbon (1), Graphene (1), Hydrogen (1), Methane (1), Sustainable Aviation Fuel (1), cobalt(II) sulfate (1)
Independent lab found methane-derived graphite matches commercial anode grades, with >350 mAh/g reversible capacity and target carbon footprint <2.5 kg CO2e/kg.
First large-scale efuel project in Finland selected for EU Innovation Fund PDA with EIB Advisory to strengthen technical and financial structuring and speed investment readiness.
Grant supports integrating RDH electric heating across blast furnaces, reheating, hot-stoves, DRI and hydrogen-based steelmaking; builds on commercial cement deployment.
Leadership roles shift while the Kokkola methane‑splitting plant expands to boost low‑carbon hydrogen and battery‑grade graphite output.
Feasibility and financial modelling launched for a Kuopio flagship plant that aims to scale electro-based sustainable aviation fuel across the Nordics by 2040.
EU CRMA status and new tech enable a phased Finnish project: Phase 1 demo starts next year; full scale could reach 200 kt/yr (~40% of EU battery graphite demand), serving batteries and industry.
The EIA program for the Kuopio site outlines environmental, social, and land-use assessments, moving the project into the formal evaluation phase with stakeholder engagement.
Officials toured Hycamite's facility, learning about its methane-splitting tech for low-carbon hydrogen and graphite, supporting EU supply-chain goals and reducing import dependency.
By country, the most active first. active / all projects
