AM Green acquires Chempolis Next-Gen 2G biofuel technology, to invest $1 B to produce SAF
- Strategic acquisition and further investment to accelerate AM Green's vision to develop Chempolis' technology into a global bio-refinery technology platform
- AM Green will invest ~ $1 B over next 3 years for production of 500,000 tpy of sustainable aviation fuel (SAF) for global airline decarbonization
- AM Green will partner globally to create a bio-refinery ecosystem using Chempolis's technology through a licensing model
AM Green Technology and Solutions B.V. (part of AM Green Group), one of the world's leading energy transition solutions providers, has signed binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities.
Chempolis Biorefining Park at Oulu, Finland
This acquisition highlights AM Green's commitment to develop innovative technology enabled solutions. AM Green will establish large-scale bio refineries that utilize multiple feedstocks and produce high-value green products enabling global decarbonization in aviation, fuels, chemicals and other industrial sectors.
Chempolis's technology will enable the processing of multiple 2G waste feedstocks and the production of high-value green chemicals and products such as ethanol, furfural and pure lignin, accelerating AM Green's vision to become the world's leading industrial decarbonizations platform.
Chempolis Oy is a pioneer in lignocellulosic feedstock processing with research, technology capabilities and product development expertise spanning 15+ years with strong R&D teams.
AM Green foresees a significant potential in the downstream applications of these key products, which could pave the way for entry into multi green-chemical value chains across multiple sectors, including consumer and industrial use cases.
Anil Chalamalasetty, Group Chairman of AM Green, said, "We are excited to partner with Chempolis to advance the processing of 2G ligno-cellulosic feedstocks. This highlights our commitment to develop innovative, technology enabled solutions to establish large-scale bio refineries that utilize multiple feedstocks and produce high-value green products enabling global decarbonization in aviation, fuels, chemicals and other industrial sectors."
AM Green will work with partners worldwide to establish a global bio-refinery ecosystem using a licensing model of Chempolis's technology. This collaborative approach will accelerate the global energy transition.
Large-scale biorefineries being developed with Chempolis technology help serve the critical upstream feedstock processing which is further valorized into downstream chemicals and fuels including SAF.
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