Company

GRIFFIN REFINERIES

PRODUCING RAW MATERIALS, FUELS AND ENERGY FROM WASTE

Agility and adaptability is deep in our DNA. Thus, we have been able to develop a model that is quickly replicable in almost any corner of the world for producing recyclable plastics, fuels and energy from waste for industrial customers.

We believe success is based on long-term partnerships – combining local presence and access to the value chains with our knowhow and capabilities makes a winning combination. With us waste becomes a resource.

FOUNDERS OF GRIFFIN REFINERIES

eid_logo

Eera Industrial Development (EID) is a Finnish company established in 1986. The company was originally a management consultancy, which during the last few years has focused more and more on establishing new ventures, especially in the Cleantech and Waste to Energy sectors. In the beginning of 2016, the consultancy arm was transferred to a separate company called Eera Ltd and EID focuses purely on industrial development.

PIENELO OY

Mr Jorma Eloranta

Chairman of numerous Finnish PLC’s

VERBATUM OY

Mr Esko Aho

Former Prime Minister of Finland

Private Investor

Mr Hannu Lepomäki

FIRST ROUND INVESTORS

LIFELINE VENTURES

Finland’s biggest and most successful Venture Capital company. Lifeline Ventures has made 44 investments in healthcare, internet business, gaming technology and other technology companies. Lifeline operates three funds, the last of which manages 60 M€. Lifeline Ventures is a long time partner of Eera Industrial Development and has invested in three companies established by EID. The most successful Exit managed by Lifeline Ventures was the sales of game company Supercell to Japanese SoftBank for over 1 bn€.

WATE OY AND FINOW OY

The companies are owned by the Finnish industrialist family Paasikivi. Wate and Finow are family office-type investors making direct investments in technology oriented companies with a strong focus on clean tech. Wate has previously invested in one company established by Eera Industrial Development.