Finnish Biotech Company Wins Frost & Sullivan Innovation Award
SANTA CLARA, CA — Based on its recent analysis of the European industrial enzymes market, Frost & Sullivan recognized Finland-based MetGen with the 2019 European Technology Innovation Award for its enzyme technologies, METNIN™ and ENZINE®. METNIN enables complete valorization of lignin for use in various applications, allowing the products made of lignin to be more sustainable and have a reduced carbon footprint. Unlike most competing solutions, it can also depolymerize and activate lignin under harsh conditions, such as alkaline pH (pH~11). Uniquely, it helps users tailor other properties such as solubility to water or solvents, polarity, and glass transition temperature.
ENZINE can be used to improve any enzyme, but MetGen made a strategic decision to target it at enzymes for biomass processing. This platform significantly reduces the technology development cycle of enzymes focused on biomass. Furthermore, the company’s process and business model presents flexible production options, including on-site manufacturing. Its other enzyme technologies include MetZyme®BRILA™ and MetZyme®POVON™, which can be tailored to fit applications in different industries, such as pulp and paper.