Deal between Scion & Finland research & tech companyFriday 11 Mar 2016
“This agreement sets a clear path for us to focus on co-invention and commercialisation of technologies that will contribute to increased use of climate friendly, lightweight, high performance materials made from forest biomass. We have complementary science and technology capabilities and a good history of joint work. Under this agreement, we will also jointly target EU funding and approach global opportunities in the bio-economy, particularly in Asia.” “Scion and VTT are collaborating on exciting research at the leading edge end of global trends, such as novel carbon materials, nanocellulose applications, bio-refineries and pulp, paper and packaging – areas of huge interest to high – value manufacturers,” says Dr Parker. The first project conducted under the agreement will adapt VTT technology for hardwood trees and apply it to New Zealand radiata to develop a new bio-based film for the packaging industry. VTT CEO Dr Antti Vasara says, “The bio and circular economy are global hot spot areas with huge technology potential where VTT and Scion can combine their competences and work together to open up new commercialisation opportunities. With this agreement we are also happy to see Scion as our partnering organisation in New Zealand better serving industry for the benefit of all.” The signing of the Umbrella Research Collaboration Agreement took place at a business innovation forum in Auckland on 3 March 2016 attended by the Foreign Affairs Ministers of Finland and Estonia and the New Zealand Business, Innovation and Employment Minister, the Foreign Affairs Minister and the Trade Minister along with business representatives from all countries. Photo: Finnish Foreign Minister Timo Soini (L) and Paul Stocks, Deputy Secretary of the Ministry of Business, Innovation and Employment, (R) watch on as John Kettle, Vice President of VTT (second L) and Warren Parker, CEO of Scion, sign a collaboration agreement between the companies in Auckland on 3 March 2016. AFP Photo by Michael Bradley. Source: Scion | ||
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