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AM Green Technology and Solutions B.V., a prominent player in the energy transition sector, has announced the signing of binding agreements to acquire Finland-based Chempolis Oy and Fortum 3 B.V. This strategic acquisition underscores AM Green’s commitment to developing innovative, technology-enabled solutions aimed at global decarbonization.
With the integration of Chempolis’s advanced technology, AM Green plans to establish large-scale biorefineries that utilize diverse feedstocks to produce high-value green products. These initiatives will target various industrial sectors, including aviation, fuels, and chemicals.
Chempolis Oy is recognized as a pioneer in lignocellulosic feedstock processing, boasting over 15 years of research and development expertise. The company specializes in transforming multiple second-generation (2G) waste feedstocks into valuable green chemicals, such as ethanol, furfural, and pure lignin. This capability is expected to accelerate AM Green’s vision of becoming a leading platform for industrial decarbonization.
Anil Chalamalasetty, Group Chairman of AM Green, stated, “We are excited to partner with Chempolis to advance the processing of 2G ligno-cellulosic feedstocks. This highlights our commitment to developing innovative, technology-enabled solutions that establish large-scale biorefineries producing high-value green products to support global decarbonization.”
AM Green intends to collaborate with partners worldwide to create a global biorefinery ecosystem, leveraging a licensing model based on Chempolis’s technology. This cooperative approach aims to facilitate the global energy transition.
The biorefineries being developed with Chempolis technology will serve critical upstream feedstock processing, which can be further valorized into downstream chemicals and sustainable aviation fuels (SAF). AM Green plans to invest approximately $1 billion to develop over 0.5 million tons per annum (MTPA) of Alcohol-to-Jet (ATJ) SAF plants by 2027, contributing significantly to the decarbonization efforts of the airline industry.
Furthermore, AM Green aims to enhance its technological capabilities to process a broader range of feedstocks, transforming them into valuable green products tailored for various consumer and industrial applications. |
