Customer story

Injecting new life into cellulosic ethanol production

"“Spinverse helped us clarify the project concept to take the technology forward, as well as create a compelling storyline to stand out among other applicants in the highly competitive FTI funding scheme.”"

Birgitte Rønnow, Co-founder and CEO of Terranol.

Customer story in numbers


Million €





Funding instrument

Horizon 2020 Fast Track to Innovation (FTI)

A consortium consisting of three Nordic companies have joined forces to introduce to market an economically feasible concept for sustainable fuel ethanol production from softwood and hardwood, feedstock currently not effectively utilized by any commercially available technology.

This EU funded project proposal, NewLiEP, was prepared for a consortium consisting of Terranol (DEN), SEKAB (SWE) and Kanteleen Voima (FIN)​. The consortium will further develop and optimize the fermentation concept for lignocellulosic ethanol production and demonstrate its feasibility in near-industrial scale.​ The project will prepare the concept for commercialization on a licensing basis through involvement of a customer to implement the technology as a result of techno-economic validation.​

How we reached the goals

Spinverse supported the consortium of partners from Denmark, Sweden and Finland in the preparation of high-quality proposal for Horizon 2020 funding​. We helped the partners crystallise their project concept and bring out a story that stands out​. We also assisted the members of the consortium in the application and grant negotiation procedures​.

Key takeaways

Global environmental situation creates an urgent need for more sustainable transportation fuels. Ethanol made from lignocellulosic biomass is suitable for substituting fossil fuels in transportation and has potential to reduce greenhouse gas emission by up to 80%, compared to fossil fuels.

The project results will be achieved by means of the innovative CoRyFee fermentation concept which is co-developed by Terranol, yeast technology company, and SEKAB, one of the Europe’s leading ethanol technology providers. The project will be implemented in cooperation with Kanteleen Voima.​

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Contact Us

Do you want to find out how Spinverse could help you? Contact us today!

Olga Duk

Innovation Consultant, M.Sc. (Econ.)

+358 40 658 7888

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