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Washed up waste in Lauttasaari, Helsinki. Solidium, a state-owned investment firm, could help solve the question of municipal waste in a way that would not only be environmentally friendly but also present an opportunity for the cleantech sector.
Washed up waste in Lauttasaari, Helsinki. Solidium, a state-owned investment firm, could help solve the question of municipal waste in a way that would not only be environmentally friendly but also creates opportunities for the cleantech sector.

Jorma Malinen, the chairperson at Trade Union Pro, has urged Solidium, a wholly state-owned investment company, to spur the growth of the cleantech sector.

“Defining strategic anchor ownership is extremely important for the future operations of Solidium. This is an opportunity to create an entirely new export-oriented sector,” he comments in a press release.

An anchor investor is generally defined as the first investor in any investment round that provides the subsequent investors a degree of confidence and typically seeks to divest its shares in after the company in question has successfully launched its operations. The Meyer Turku Shipyard serves as a recent example of successful anchor ownership, according to Malinen.

“The role of the state was crucial in the [sale of the shipyard to Meyer Werft, a major shipbuilding company based in Germany], and the state managed to divest its ownership in the shipyard quickly,” he says.

South-west Finland, he points out, is currently considering between two alternative solutions to the problem of municipal waste: an outdated waste incinerator or a modern recycling facility.

“It would be a bad decision to move the project forward purely on the basis of price competition, as there is then the risk that the outdated waste incinerator is chosen. Solidium in the capacity of an anchor investor could instead help build a high-technology recycling facility that export-oriented industries could utilise as a reference to [appeal to] foreign buyers,” says Malinen.

Solidium operates directly under supervision of the cabinet member responsible for corporate governance, Prime Minister Juha Sipilä (Centre).

Aleksi Teivainen – HT
Photo: Jussi Nukari – Lehtikuva
Source: Uusi Suomi

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