The most interesting companies in the circular economy in Finland

“The most interesting companies in the circular economy” is a list compiled by Sitra to showcase Finland’s most inspiring examples of the circular economy. Sitra is using the list as a way to challenge Finnish companies to meet the changing needs of the world.



96 examples to explore.
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Business examples in alphabetical order:

  • 24 Rental Network: renting of shared cars
  • 3 Step IT: IT equipment life-cycle management as a service
  • Arctic Biomaterials: replacing oil-based plastics and composites with biomaterial
  • Amerplast: transforming collected plastic into recycled plastic bags
  • Aquazone: biofertilisers from waste water
  • Barking: parking space -sharing platform service
  • Betulium: synthetic polymers from agricultural side streams
  • Crisolteq: processing recycled products from the side streams of the metal and mining industries
  • CrossLam: replacing concrete and steel with CLT elements in building
  • DestaClean: a new lease of life for construction waste as products and materials
  • Durat: recycled and sustainable interior design materials from plastic waste
  • Ecolan: organic fertilisers from meat and bonemeal
  • Eko-Expert: recycled mineral wool from leftover material
  • Ekolannoite: turning waste water into soil-treatment materials and drinking water
  • EkoRent: electric car rental and share service
  • Ekox Oy: fixing and reusing IT-equipment
  • turnkey model for selling used clothing
  • Enevo: using data to optimise waste management
  • Entocube: insect production system
  • eRENT: equipment sharing platform for companies
  • Fescon Oy: Blast furnace slag to replace sand in ithe ndustry
  • Finlayson: rag rugs from old sheets and towels from old jeans
  • Finsect: insect production producer package
  • Fluid Intelligence: equipment lubrication oil as a service
  • Fortum: used plastics as a recycled raw material
  • Gasum: renewable energy and organic nutrients from biodegradable secondary streams
  • Globe Hope: clothing and accessories from surplus materials
  • Gold&Green Foods: pulled oats
  • Helsieni: mushroom cultivation with coffee grounds
  • Hoisko: replacing concrete and steel with CLT elements in building
  • Infinited Fibre: textile fibres from recycled mass
  • Innorent Oy: mobile facilities on a lease
  • Jarmat: biodegradable lubricating oil from the side streams of the forest sector
  • Kekkilä: fertiliser from organic waste
  • Konecranes: automated warehouse management
  • Kotkamills: recyclable and biodegradable paper cups and packaging
  • Lassila & Tikanoja: food waste monitoring application
  • LeaseGreen: energy efficiency solutions as a service
  • LEM-KEM: lighting as a service
  • Lindström: work uniforms as a service
  • Lovia: designer clothes from surplus material
  • Lunchie: a catering service using mobile technology
  • Lune Group Oy: a mooncup
  • Maapörssi: recycling service for surplus excavation material
  • MaaS Global: an app combines various transport service providers
  • Martela: work environment as a life cycle service
  • Metener: biogas, refined transportation fuel and fertilisers from biomass
  • Naava: smart green wall and healthy indoor air as a service
  • Neste: diesel from waste and residues
  • Netled: enclosed multi-layer cultivation system
  • Nettix Oy: rental platform for tools
  • Novarbo: multi-storey vertical farming solutions
  • OP: shared-use car service
  • Palpa: deposit-based recycling system for drinks packaging
  • Paptic: replacing paper and plastic with cellulose fibre material
  • Pk-seudun Kierrätyskeskus: craft supplies made from surplus materials
  • Ponsse: servicing and reselling forest machine parts
  • PureWaste: a new lease of life for textile waste
  • Raisioagro: feeding fish with local ingredients
  • Rakeistus Oy & SFTec: sludge into recycled fertiliser
  • Remake: a mass-produced clothing line from recycled clothes
  • Rent-A-Park: parking space -sharing platform service
  • RePack: reusable postal packaging as a service
  • ResQ: a mobile food waste service
  • Robbes Lilla Trädgård: smart greenhouses
  • Shareit Blox Car: a peer-to-peer car rental service
  • Sharetribe: an easy way to establish a marketplace for underused goods
  • Silmusalaatti: salad sprouts
  • Skipperi: a peer-to-peer boat rental service
  • Soilfood: recycled nutrients and soil improvers for agriculture
  • Solnet Green Energy: smart solar power systems as a service
  • Spinnova: textile fibre from wood
  • SR-Harvesting: unrepairable tractors into spare parts
  • ST1 Renewables: petrol substitute from organic waste
  • Sulapac: wood-based design packaging for cosmetics
  • Suomen Savupiipputeollisuus Oy: a chimney made from recycled materials
  • an online service that makes selling and buying used goods easier
  • Swappie: used and serviced smart phones
  • Taitonetti: servicing and selling used computers
  • Tamturbo: compressed air as a service to the industry
  • Tarpaper Recycling: asphalt raw material from roofing felt
  • online marketplace for used goods
  • TouchPoint: textile and plastic waste into work clothes
  • Trace Grow: used alkaline cells processed for reuse as agricultural nutrients
  • UPM Raflatac: biocomposites from industrial waste
  • Valtavalo: LED lighting as a service
  • Valtra: remanufactured tractor gearboxes
  • Watrec: turning waste into biogas
  • Venuu: marketplace for renting event venues
  • Verhoilijat: upholsterering used furniture
  • VersoFood: The Härkis meat substitute product
  • Wimao: biocomposite products from recycled materials
  • Vähänkä high-volume online flea market
  • Zadaa: a mobile app marketplace for used clothing
  • ZenRobotics: intelligent waste-sorting robot

Update on 4th October 2017: Ecofer Oy has been removed from the list after the company’s operations has been discontinued.

Update 28th December 2017: Grano Oy has been removed from the list because the list became more ambitious.

Update on 6th February 2019: BioGTS has been removed from the list after the company went bankrupt. RealGreen has been removed from the list after the concept has been discontinued.


We are moving towards a circular economy where consumption is increasingly based on using services rather than owning things. Companies are changing their operating models and revenue models – the ways we used to make a profit may not always work in future business life. Sitra wants to use “The most interesting companies in the circular economy” list to present Finland’s most inspiring examples of the circular economy and give all Finnish companies the opportunity to be among the first in the world to switch to a circular economy.

The examples on the list have been divided according to different circular economy business models. There are five business models.

  1. Product-life extension
  2. Product as a service
  3. Sharing platform
  4. Renewability
  5. Resource efficiency and recycling

This division provides companies with perspectives on how business in the circular economy could be productive. New types of operating methods are needed in order to ensure that materials and value stay in circulation for as long as possible with minimal waste. In a circular economy, companies create added value for their products by means of services and smart approaches. The greatest increase in value is generated by, for example, maintenance, reuse and remanufacturing.

What do we do?

Sitra’s circular economy team is compiling a continuously updated list of the most interesting example companies. We are collecting observations on interesting circular economy operating models in conjunction with work in the circular economy focus area work. This work will continue until autumn 2019. We’re also gathering tips from the companies themselves.

After an initial review performed by our team, some of the company representatives were interviewed in order to gain a more detailed picture of their operating models. Sitra’s team has evaluated how interesting each company’s operating model from the circular economy perspective. The team’s view was published with the list.

Who participates?

Sitra’s circular economy team is responsible for compiling the list. Deloitte Oy provided consulting services during the company interviews for the updated versions of the list in spring and autumn 2017.

The first list included 19 Finnish companies and the first update increased that number to 54. The second update increased the number to 97 business examples including about 400 upholsterers among others.

Where are we now?

The first list was published in October 2016 and the update in May 2017. Sitra’s aim is to inspire Finnish companies so that the list features 100 companies by the end of 2017. The goal was almost achieved: the number of companies increased to 97 in the second update on December 2017. Later on, BioGTS has been removed from the list after the company went bankrupt. RealGreen has been removed from the list after the concept has been discontinued.

“The criteria for getting on the list are getting tougher, much in the same way that emissions requirements for cars do with the proliferation of solutions,” said Kari Herlevi, project director of the Circular Economy focus area, when the first list was published.

In 2018, the circular economy team evaluates how interesting and inspiring the list’s companies are compared to new ones. As the amount of pioneers increases, the demands of the list grow.

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