Fibu has announced it received SEK 4.26 million (around € 390,000) in funding from Klimatklivet, a program managed by the Swedish Environmental Protection Agency. The investment aims to support the scaling of Fibu’s innovative bio-based foam technology.
The funding will enable Fibu to expand its production capabilities as it moves toward commercializing its renewable foam material. Developed from wood fibers, the foam is designed to replace fossil-based plastic foams used in packaging, insulation, and acoustics.
This milestone represents an important step toward wider industrial adoption of sustainable materials and supports Sweden’s efforts to reduce greenhouse gas emissions. The company’s CEO, Majid Madadi, expressed gratitude for the support. He emphasized that it strengthens Fibu’s foundation for scaling operations and attracting further investment.
“Klimatklivet’s confidence in our work is a significant boost as we advance our mission to develop renewable alternatives to fossil-based materials,” he said. He added that the funding will help accelerate the company’s efforts to bring its scalable, low-carbon foam solutions closer to market.
Klimatklivet is a Swedish government initiative dedicated to supporting projects that reduce emissions and promote a transition to a climate-neutral economy. Fibu’s focus on circular, low-carbon materials aligns well with this objective.
With the new funding, Fibu aims to accelerate the development and commercialisation of its innovative wood-fiber foam, contributing to sustainable product solutions and a greener, more circular economy.
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