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PaperShell Secures €40.3M EU Grant to Build Its First Full-Scale Factory

PaperShell, a Swedish deep‑tech firm, secured up to €40.3 million (≈ $43.5 million) from the EU Innovation Fund, part of an €83 million (≈ $89.6 million) project to expand its Tibro plant to 23,000 tonnes annual capacity by 2030. The grant covers roughly half the cost, with the company providing the remaining €43 million (≈ $46.4 million) in co‑financing. Construction of the 15,600 m² flagship factory will begin in 2027 and is projected to avoid 2.6 million tonnes of CO₂ emissions over its first decade. The NATO‑approved composite, already used in construction, defence, electronics and transport, can cut emissions up to 98% versus aluminium or plastics.