STENA NEW VENTURES

BRINGING IDEAS TO LIFE

Stena New Venture's mission is to identify and develop new business opportunities based on ideas both within the Group and through collaboration with, or investment in, start-up companies. This may be a customer need that requires a new approach, or a completely new business concept. Examples of companies that started in Stena New Ventures, and have developed into their own operations, are BatteryLoop and HaloSep.

HIGHLIGHTS 2021/2022

FURTHER INVESTMENTS IN PAPERSHELL AB

During the year, further investments were made in the start-up PaperShell AB, including the financing of a large-scale production facility in Lidköping, Sweden following a first plant already in operation in Tibro, Sweden, where PaperShell manufactures natural fiber-composites. Its mission is to develop an enhanced version of wood from paper. The objective is to replace veneer, plastic, and glass fiber in components that are currently used in consumer goods, interior design and architecture, as well as in transport. PaperShell's material has proven to have a minimal environmental impact compared with most material options on the market. The material behaves like a composite and is much stronger than both plastic and molded wood. This enables significant weight reductions, better resource use and offers additional features such as natural flame retardants, moisture resistance, and increased design freedom and aesthetic values.

Part of Polestar's ”0-project”

PaperShell is a partner to electric car manufacturer Polestar in its ambition to build a completely climate-neutral car by 2030. The scope of the Polestar 0 project is to identify and eliminate all greenhouse gas emissions from the extraction of raw materials to when the car is delivered to the customer, as well as during the end-of-life handling. The project aims to cut carbon dioxide by changing the way that cars are made, rather than using traditional processes and then planting trees to offset CO₂e. Other partners in the Polestar 0 project include Boliden, Ovako and Bulten.

INVESTMENTS IN WASTEWATER TREATMENT TECHNOLOGIES

During the past year the purification of industrial wastewater into usable water and extracted raw materials has been a focus area for New Ventures. Tests and co-development in water treatment have been conducted with a number of start-ups and two new investments were made, in Atium AB and Spec-Imaging AB. Atium's reusable filter technology allows selective removal of mercury from water in a more effective and sustainable way than ever before. Spec-Imaging has developed a Modu-Spectrometer allowing direct extinction measurements in turbid liquids.