Oji to acquire a 20% stake in Nordic Bioproducts Group.

Oji, a Japanese pulp and paper company, agreed to acquire a 20% stake in Nordic Bioproducts Group, a Finnish biotechnology company. Financial terms were not disclosed. “This partnership is about creating new value from renewable forest resources. With AaltoCell®, the same forest biomass that used to go mainly into paper can also become high-margin cellulose ingredients for pharma and other demanding applications, and we can do it with a significantly lighter environmental footprint,” Olli Kähkönen, Nordic Bioproducts Group CEO and Co-Founder.