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Regulatory press release

Borregaard ASA: NOK 15 million grant for Borregaard's Biomer project

Borregaard
The Norwegian Research Council (NFR) has awarded NOK 15 million to support
Borregaard's innovation initiative, Biomer. The project aims to develop bio-
based alternatives to polycarboxylates - fossil-based polymers commonly used in
agriculture, industry, and household products.

Polycarboxylates are known for their persistence in the environment and high
carbon footprint. Through Biomer, Borregaard will develop new ways to turn
Norwegian bioresources into greener polymers designed to replace these fossil-
based materials.

The project will leverage Borregaard's advanced biorefinery in Sarpsborg and its
expertise in wood chemistry to deliver sustainable solutions with significantly
lower environmental impact.

"The grant from NFR enables us to accelerate innovation and create new high-
value markets for Norwegian bioresources. Biomer will contribute to reducing the
carbon footprint across agriculture, industry, and consumer products", says Tom
Erik Foss-Jacobsen, CEO of Borregaard.

This four-year project will run from January 2026 to December 2029.

Contact:
Tone Horvei Bredal, Communications Director, +47 924 67 711
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