- 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 ~ 1bn USD
over next 3 years for production of 0.5 + MTPA 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
OULU, Finland and HYDERABAD, India, Sept. 23,
2024 /PRNewswire/ -- AM Green Technology and
Solutions B.V. (part of AM Green Group), one of the world's leading
energy transition solutions providers has announced the signing of
binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities.
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 &
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, "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 &
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 valorised into downstream chemicals and fuels
including SAF. AM Green will invest ~ 1 bn
USD to develop 0.5 + MTPA of Alcohol-to-Jet (ATJ) SAF plants
by 2027 for global airline decarbonization.
AM Green will further advance the platform's technological
capabilities to process a wider range of feedstocks, transforming
them into high valuable green products tailored for diverse
consumer and industrial applications.
To know more about AM Green:
www.amgreen.com
www.linkedin.com/company/am-green-group/
Contact:
Suheil Imtiaz
Public Affairs & Strategic Communications AM Green
M: + 91 94401 59289 E: suheil.m@amgreen.com
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SOURCE AM Green