PaperShell aims for expansion with EU funds

PaperShell, a Swedish company specializing in innovative materials, has signed an agreement with the European Commission under the EU Innovation Fund, securing €40.3 million. This funding is part of a larger €83 million project aimed at expanding the Tibro plant in Sweden.

The goal is to reach a production capacity of 23,000 tonnes per year by 2030. The material developed by PaperShell has already obtained NATO approval and is currently supplied to customers in the construction, defence, electronics and transport sectors.

Innovative materials and applications

PaperShell stands out for the development of sustainable and high-performance materials. The expansion of the Tibro factory represents a significant step towards increasing the availability of these materials on a large scale. The applications in the aforementioned sectors demonstrate the versatility and reliability of the product, paving the way for new market opportunities.

For those evaluating on-premise deployment decisions, there are trade-offs that AI-RADAR analyzes in detail at /llm-onpremise.