Government launches €90 million call for proposals for bio-based CO₂ capture projects
The government is promoting the construction of bio-based carbon dioxide capture capacity with a total of €90 million. On December 11, 2025, the Government issued a decree on the terms and conditions for grants to promote carbon capture in 2026–2032.
Government launches €90 million call for proposals for bio-based CO₂ capture projects
“Finland has a huge competitive advantage. We have clean electricity and bio-based carbon dioxide available for investments that will enable us to break away from our dependence on fossil fuels. The government wants to promote the advancement of these technologies, which strengthen self-sufficiency and reduce emissions. As the geopolitical situation becomes more tense, there is an increasing need for these dependency-reducing solutions and investments, and they should be seen as part of our preparedness,” says Minister of the Environment and Climate Sari Multala.
The grant, which will be available for application in January, will support the first biogenic carbon dioxide capture solutions and their scaling up to industrial scale, as well as accelerate the market-driven advancement of similar solutions. Support may be granted for investments related to biogenic carbon dioxide capture if the captured carbon dioxide is permanently stored (BECCS) or utilised in products (BECCU). In Finland, there is considerable potential for technical sinks and the utilisation of biogenic carbon dioxide.
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Originally published on 11 Dec
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The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.
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Originally published on 27 Jan
The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.
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Originally published on 21 Jan
Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.
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Originally published on 15 Jan
US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
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Originally published on 14 Jan
Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct