Finnish MetGen Oy is named in the Global Cleantech 100

MetGen develops novel industrial enzymes that improve efficiency in the production of pulp and paper, biofuel and biochemicals.

The Finnish company MetGen Oy has been named in the prestigious 2013 Global Cleantech 100, produced by Cleantech Group, which highlights the most promising cleantech companies that are likely to make the most significant market impact over the next 5-10 years. MetGen is an emerging developer of novel industrial enzymes that enable significant efficiency improvements in the production of pulp and paper, biofuel and biochemicals from cellulosic feedstock.

“It has been an exciting year for our company. We completed an investment round with some of the leading investors in our industry; we improved the performance of our enzymes significantly and have completed industrial trials with various partners. The Global Cleantech 100 announcement confirms that we address unmet industry needs and that we are on the right track,” says Alex Michine, CEO, MetGen.

Advanced enzymatic products

According to MetGen, its enzymes dramatically save energy at the refining step in the pulp and paper industry. In the advanced biofuel sector MetGen’s enzymes make low cost lignocellulosic sugar production possible. For waste water treatment, MetGen develops enzymatic solutions capable of treating high COD toxic compounds.

5,864 companies from 60 countries were nominated for the 2013 Global Cleantech 100. “The Global Cleantech 100 is a natural extension of our vision to help corporations and investors connect with innovation around the world,” said Sheeraz Haji, CEO of Cleantech Group. Last year MetGen was selected among the top ten cleantech startups in the Nordic countries.

Sources: Cleantech Group, MetGen Oy

15 October 2013

© Copyright 2010-16 Invest in EU All rights reserved.