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TECHEU ORIGIN CONVERTING INVASIVE SEAWEED IEUGT3

Summary sheet

Release date
13 May 2026
Reference
20250564
Project name
Promoter - financial intermediary
TECHEU ORIGIN CONVERTING INVASIVE SEAWEED IEUGT3
ORIGIN BY OCEAN OY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million
EUR 65 million
Location
Sector(s)
Description
Objectives

The project intends to finance a company based in Finland for the construction and equipment of an innovative industrial biorefinery for the transformation of an invasive seaweed (Sargassum sp.) into alginate and fucoidan; and for the research and development of additional marketable co-products.

The project aims to build and operate a first-of-a-kind biorefinery in Finland to industrially scale Origin by Ocean's solvent free technology for converting invasive Sargassum seaweed into high value bio-based ingredients, notably alginate and fucoidan. It seeks to demonstrate technical and commercial viability while delivering environmental benefits through circular bioeconomy solutions and enabling replication at future sites closer to Sargassum bloom areas.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Related projects
Parent project
TECHEU THEMATIC GREEN TRANSITION (VD DEBT) LEIII

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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