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Finrenes
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Developer of technology for making traffic fuel, heat and power from lignocellulosic waste biomass in an energy self-sufficient process

Founded in 2013
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Company type Out of Business Public ()
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Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 1-3
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Finland Tampere, Finland
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Updated by Petteri Salonen at Finrenes on 11/08/2017

Edited by Cleantech Group on 11/30/2023

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Date Investors Type Amount
11/08/2017 (0)
Post-money valuation of
205,000 EUR. Unidentified angel investors raised this round of funding, which was confirmed by the company on 11/08/2017. The company is now looking to raise its Series A round.
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Seed $237,713
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Biofuel fab concept for biogas and bio coal

Finrenes Oy has successfully finalized commercial scale pilot tests for biogas and bio coal production from wood chips. Biogas process was proven to be fast, 3 weeks. Bio coal was produced from biogas process side stream.Bio coal has high caloric value 20,38 MJ/kg and it is suitable to co-incineration with fossil coal even in dust combustion process.

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