OliOil Ltd

Olioil has been spotlighted as a Rising Star by StartUs Insights, placing the company, which utilizes robotic AI technology to prevent oil spills in the seas, in the top 1% of innovative startups globally—a pioneering startup headquartered in Finland, with a diverse team spanning over five countries. At Olioil, we’re on the cusp of revolutionizing the fight against oceanic oil spills through an innovative robotic solution, currently undergoing the patent process. Our approach integrates cutting-edge AI and satellite technology, culminating in a multinational collaboration of experts and universities.

Long Business Description:

Oil spills pose a significant threat to marine environments, with devastating consequences for wildlife and ecosystems.
OliOil’s On-Deck Oil Spill Management Solution provides immediate assistance with a robotic first aid kit oil boom system, featuring semi-automated trawlers, to prevent the oil from spreading across the sea in the event of an accident.
Olioil’s innovative system is housed in a specialized on-deck container and can be deployed on oil tankers, large cargo vessels, and at commercial ports, enabling rapid response capabilities.

On the ship, high-performance autonomous robotic trawlers will be assembled, equipped with AI-driven navigation and powerful engines. These boats can swiftly respond to oil spills, deploying inflatable oil booms stored on board. These booms are critical for containing and isolating spills, preventing the spread of oil until specialized oil recovery vessels—equipped with skimmers and other recovery tools—arrive to remove the oil from the water surface. The technology is under patent process and will be deployed to a POC process with Wärtsilä Zero Emission program that Business Finland partly funds. In the first phase, the company is seeking capital to run the POC program and later launch the product with selected shipping companies and ports across the Globe.

Based in: Turku, Helsinki, Paris, Dubai, and Rome.