MetGen wins Frost & Sullivan 2019 European Technology Innovation Award
Finland-headed biocatalysis company MetGen Oy has been awarded the 2019 European Technology Innovation Award by global research company Frost & Sullivan. The judges chose to honour MetGen's enzyme technologies "METNIN" and "ENZINE" as they "solve the industry’s major pain points regarding the valorization of lignin, shorter technology development cycles, and customization of enzymes for different applications."
Based on its recent analysis of the European industrial enzymes market, Frost & Sullivan recognizes Finland-based MetGen Oy with the 2019 European Technology Innovation Award for its enzyme technologies, “METNIN” and “ENZINE”.
MetGen Oy is an innovative biotech SME who designs, develops, supplies and markets novel enzymatic solutions and technologies. Unlike most competing solutions, it can also depolymerize and activate lignin under harsh conditions, such as alkaline pH (pH~11). Uniquely, it helps users tailor other properties such as solubility to water or solvents, polarity, and glass transition temperature.
We are humbled that Frost & Sullivan has recognised METNIN and ENZINE as innovative technologies. This prestigious European award acknowledges the MetGen team’s dedication to finding renewable alternatives to oil-based products and helping companies get the most out of biomass, said Alex Michine, CEO of MetGen.
Solve “major pain points” for lignin valorization
METNIN enables complete valorization of lignin for use in various applications, allowing the products made of lignin to be more sustainable and have a reduced carbon footprint. ENZINE significantly reduces the technology development cycle of enzymes focused on biomass.
ENZINE, meanwhile, can be used to improve any enzyme, but MetGen made a strategic decision to target it at enzymes for biomass processing. This platform significantly reduces the technology development cycle of enzymes focused on biomass.
The technologies solve the industry’s major pain points regarding the valorization of lignin, shorter technology development cycles, and customization of enzymes for different applications.
Furthermore, the company’s process and business model presents flexible production options, including on-site manufacturing. Its other enzyme technologies include MetZyme BRILA and MetZyme POVON, which can be tailored to fit applications in different industries, such as pulp and paper.
MetGen leverages its strong R&D capabilities as well as its manufacturing facilities in Europe to meet all customer demands. It has signed a licensing and joint technology development agreement with several industrial partners and other technology providers to develop a full range of lignin-based products including resins, composites, bio-based chemicals, and polymers, said Aarthi Janakiraman Industry Manager, TechVision.
The enzymes are developed to perform under challenging conditions such as high temperatures and extreme pH values, which are common in industrial biorefineries. Therefore, the enzymes can be used with process parameters beyond typical enzyme-related restrictions.
Besides, the solutions enhance the feasibility of lignocellulosic chemical production, including biofuels. They also augment the sugar yields, eliminate inhibitors, and raise the overall process economy.
For the water and biogas industry, MetGen has developed different enzymatic solutions that can accelerate processes by breaking down triglycerides and cellulosic materials into fatty acids and neutralizing toxic compounds like peroxides.
MetGen is one of few companies in the industrial enzymes segment that can customize enzyme solutions for different sectors, such as pulp and paper and biorefineries. The superior features of its enzymes and its wide application landscape are its key value propositions and have increased its brand awareness among its target industry customers. Ultimately, the company’s robust R&D and unmatched technology have given it the momentum needed to firmly establish itself and maintain its dominance of the industrial enzymes market, noted Aarthi Janakiraman.
Frost & Sullivan Best Practices Awards
The Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. The award recognizes the quality of the solution and the customer value enhancements it enables.
Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.