Swedish deeptech company PaperShell has secured €40.3M from the European Commission under the EU Innovation Fund to expand its Tibro plant to 23,000 tonnes per year capacity by 2030. The grant is part of a €83M project to expand PaperShell’s existing Tibro facilities into a new full-scale flagship factory, the first complete implementation of a production system PaperShell intends to replicate across Europe. The company's material, which is already NATO-approved and shipping to customers in construction, defence, electronics and transport, reduces CO₂ equivalent emissions by up to 98%. The factory in Tibro will host multiple automated production lines across a 15,600 square metre site, with one dedicated to copper-clad laminates and printed circuit boards.