- Strategic acquisitions and further investments to accelerate AM Green’s vision to develop Chempolis technology into a global technology platform for biorefineries.
- AM Green will invest nearly $1 billion over the next three years to produce over 0.5 million tonnes per year of sustainable aviation fuel (SAF) to decarbonise airlines worldwide.
- AM Green aims to form a global partnership to create a biorefinery ecosystem using Chempolis technology under a licensing model.
Oulu, Finland and HyderabadIndia, 24. September 2024 /PRNewswire/ — AM Green Technology and Solutions BV (part of AM Green Group), one of the world's leading providers of energy conversion solutions, has signed binding agreements to acquire Chempolis Oy and Fortum 3 b.V. announced.
Kimpolis Biorefinery Park in Oulu, Finland
This acquisition underscores AM Green’s commitment to developing innovative, technology-enabled solutions. AM Green will build large-scale biorefineries that use diverse feedstocks and produce high-quality, green products that enable global decarbonization in aviation, fuels, chemicals and other industrial sectors.
Chempolis’ technology will enable the processing of multiple second-generation waste feedstocks and the production of high-value green chemicals and products such as ethanol, furfural, pure lignin, accelerating AM Green’s vision to become the world’s leading industrial decarbonization platform.
Chempolis Oy is a leading company in the processing of lignocellulosic raw materials and has more than 15 years of experience in research, technology and product development with strong R&D teams.
AM Green sees significant potential in the downstream applications of these key products, which could pave the way for entry into many green chemical value chains across various sectors, including consumer and industrial applications.
Anil Chalamalasetti, Group Chairman By Sabah Al Akhdar: “We are pleased to partner with Chempolis to advance the processing of second-generation lignocellulosic feedstocks. This underscores our commitment to developing innovative, technology-enabled solutions to build large-scale, multi-feedstock biorefineries that produce high-quality, green products that enable global decarbonization in aviation, fuels, chemicals and other industrial sectors.
AM Green will work with partners around the world to build a global biorefinery ecosystem based on a licensing model for Chempolis’ technology. This collaborative approach will accelerate the global energy transition.
The large-scale biorefineries being developed using Chempolis technology provide critical pretreatment of feedstocks that are further processed into final chemicals and fuels including SAF. AM Green will invest approximately $1 billion to develop over 0.5 million tonnes per annum (MTPA) of SAF assets for alcohol-to-jet (ATJ) conversion to decarbonize airlines worldwide by 2027.
AM Green will expand the platform’s technological capabilities to process a wide range of raw materials and transform them into high-quality green products specifically designed for various consumer and industrial applications.
More information about AM Green:
www.amgreen.com
www.linkedin.com/company/am-green-group/
communication:
Sohail Imtiyaz
Public Affairs and Strategic Communications AM Green
Mobile: +91 94401 59289 Email: [email protected]
image: https://mma.prnewswire.com/media/2512518/Chempolis_AM_Green.jpg
Logo: https://mma.prnewswire.com/media/2490224/4926974/AM_GREEN_Logo.jpg
Want news about your company? Featured on PRNEWSWIRE.COM?
440 thousand+
Newsrooms &
Influencers
9 kg+
Digital Media
Outlets
270 thousand+
Journalists
Subscribed
“Certified tv guru. Reader. Professional writer. Avid introvert. Extreme pop culture buff.”
More Stories
G7 Agriculture in Syracuse with Minister Lollobrigida – video
Manchester opens a $2.3 billion scientific and technological innovation zone
Share MTU Aero Engines: MTU achieves milestone in aviation hydrogen technology (Contributor)