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Estonia has one of Europe’s largest bioeconomies, including world-leading expertise in forest-based activity. Supported by high-quality natural resources, ultra-high use of IT and support policy making, Estonia offers a range of production and innovation opportunities.
| Sizable bioeconomy delivering economic, social and environmental benefits. | |
| Availability of high-quality, sustainably produced natural resources. | |
| World leader in forestry management and production of wood-based products. | |
| Ultra-high use of IT in planning, management and innovation. | |
| Commitment to sustainable development in Bio and Circular economies. |
Estonia has a large and growing bioeconomy that merges traditional skills in forestry, aquaculture and agriculture with cutting-edge technological solutions.
Blessed with pristine nature, Estonians have centuries-long expertise in harnessing natural resources in an efficient and sustainable manner. Historic traditions are integrated with the practical application of modern methodologies taught in universities and professional competence centres for horticulture, forestry, environmental science and chemicals. The forests are a treasure chamber of nature and enormously important for biodiversity, as a weapon against climate change, as places for recreation as well as an important economic factor.
Estonia’s bioeconomy is driven by its world-class expertise in forest-based activity. Possessing an abundance of high-quality FSC and PEFC certified raw materials, Estonia has a full value chain for export-oriented activity supported by a track record of successful investments. The wood processing industry consists of a healthy mix of big multinational leaders as well as smaller local producers such as AS Toftan in the south of Estonia. Stora Enso’s (read more) significant, vertically integrated operations include forestry management, milling and value-added treatment services. Metsä Wood operates five sites in Estonia including a new €50M energy-efficient factory in Pärnu exporting plywood globally.
As befits the world’s most digitally enabled nation, IT utilisation is ultra-high. Following the supply chain from the forest to the final product, one can find various examples of how the new economy is transforming the Estonian forestry and wood industry towards efficiency, higher quality, and the future usage of wood as a renewable resource. In addition to high automation to ensure quality and efficiency in production, Estonia is a leader in raw material yield optimisation. For example, Timbeter’s machine learning and imaging solution attract global clients. Timber has a huge potential to replace concrete and steel as construction materials for buildings.
Today Estonia is the largest exporter of wooden houses in the EU, 90% of which are exported to Northern Europe. Estonian manufacturers produce a wide range of wooden houses such as modular homes, prefab element homes, machined log homes, handcrafted log homes and garden houses. Estonian prefabricated house producer Timbeco is producing elements and modules for zero-emission houses, and building-integrated solar (“BIPV”) solutions from Estonian companies Roofit.Solar and Solarstone contribute further to making housing as energy-efficient as possible.
Estonia is also a pioneer in Biomass and home to Europe’s largest wood pellet producer Graanul Invest. The main product of the project is Lignin, which has an enormous potential to replace hydrocarbons also as a source of plastic materials. The goal of their sweetwoods project is to produce high-purity chemicals from wood.
With over 30% of economic output already linked to the bioeconomy and innovative approaches to business transformation and policy-making providing unique proof of concept and expertise, Estonia is set to emerge as a global centre of excellence in the field.
Whether you seek high-quality production, world-class digitalisation capability, or cutting-edge R&D, Estonia is an attractive and scalable location for bioeconomy investment.
Success stories in the Estonian Bioeconomy include:
AB Karl Hedin, Graanul Invest Group, Heinzel Group, Holmen, Metsä Wood, SCA, Stora Enso (read more), UPM, Timbeco, Roofit.Solar, Timbeter, Thermory, Iglucraft, AS Toftan, etc.
These websites can be useful when interested in Bioeconomy in Estonia:
You are also welcome to send us a request for personal e-consulting to obtain more specific information.
Estonia is not only a pioneering digital society, which has found convincing answers to the challenges of digitalization, but it also is a very green country. There is a strong societal and political will to utilize the capabilities and ecosystems. These have been developed to tackle the challenges of decarbonization of the economy and to become once again a leading player – in CleanTech and GreenTech.
Metaverse is the parallel universe or a unified universal virtual world, facilitated by the use of virtual and augmented reality headsets. In addition to the fact that existing products and services can be transferred to the Metaverse, it achieves a completely new economic environment and opportunities to create and market products and services that are unique to the Metaverse. Simply said, Metaverse has no limits in Estonia.
Estonia is a cashless society with over 99% of financial transactions occurring digitally. Electronic ID and Blockchain are widely used in FinTech applications. 80+ FinTechs ranging from innovative startups such as Wise to Blockchain leader Guardtime make Estonia a global centre of excellence for FinTech.
Estonia has a sizeable Advanced Industrial sector and world-class IT expertise in areas including high tech systems, control technologies and cyber security. Supported by a collaborative ecosystem well suited to research and development, Estonia is emerging as a centre of excellence in industrial automation.
Estonia developed X-Road, its proprietary decentralised, distributed system in 2001 and has utilised Blockchain since 2008. World-class technical skills supported by practical experience implementing public and permissioned Blockchain’s place Estonia at the forefront of the emerging Blockchain economy.
Patient records in Estonia are digitised and secured by the Blockchain, providing a single immutable data source for healthcare professionals. With a unique digital platform and collaborative ecosystem, Estonia is positioned to lead on preventative medicine, patient self-treatment and industry efficiency.
What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?
The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.
