Seed Capital Bizkaia, through the Entrepreneurship and Social Innovation Fund (Fondo de Emprendimiento e Innovación Social – FEIs), has approved a significant investment to promote the Biocarbon CGT Basque Country, S.L. project, a pioneering industrial initiative in Europe for the manufacture of biocomposite resins and biopolymers based on biocarbon. The project targets sectors such as automotive, compostable packaging, construction and advanced flooring solutions.
This operation is part of Seed Capital Bizkaia’s commitment to promoting projects with high socio-environmental impact, strong industrial traction, and a direct contribution to the transition to a low-carbon economy.
A transformative project for the circular economy in Bizkaia
Biocarbon CGT Basque Country S.L. was created as an alliance between EBAKI XXI, S.A., a leading wood-processing company in Bizkaia, and the Canadian Competitive Green Technologies Ltd., a global leader in biomaterials and owner of the most advanced technology in the sector.
The company will produce biocarbon-based biomaterials in Bizkaia, replacing fossil-based additives used in the plastics industry with renewable, lighter alternatives with a smaller carbon footprint.
The plant will be located at the EBAKI XXI facilities in Muxika, where a new generation of industrial activity will be deployed, based on biomass valorisation, technological innovation and the creation of skilled employment.
The project stands out for the following reasons:
- • It has a positive environmental impact by reducing the use of fossil additives.
- • It has a socio-economic impact in the region, generating technical employment and promoting new professional skills linked to biochar technology and green chemistry.
- • It strengthens industrial suppliers, technology centres and companies, driving transformation in Basque strategic sectors.
Seed Capital Bizkaia’s commitment to impact investing
EFSI’s participation in this funding round reinforces Seed Capital Bizkaia’s mission to support projects that:
- • Provide technological innovation and a scalable business model.
- • Align economic profitability with social and environmental impact.
- • Generate sustainable industrial activity in Bizkaia and in future-oriented sectors.
With this operation, Seed Capital Bizkaia once again reaffirms its commitment to promoting projects that are not only economically viable but also deliver significant social and environmental returns, thereby strengthening a greener, more competitive, and future-oriented economy.
