AM Green Technology and Solutions B.V., a leading energy transition solutions provider, has announced the signing of binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities. This acquisition marks a significant step towards AM Green’s commitment to developing innovative technology-enabled solutions for the energy transition.
The acquired companies, Chempolis Oy and Fortum 3 B.V., will bring their expertise in lignocellulosic feedstock processing and research capabilities to AM Green. Chempolis Oy, a pioneer in lignocellulosic feedstock processing, has developed technology that enables the processing of multiple 2G waste feedstocks and the production of high-value green chemicals and products such as ethanol, furfural, and pure lignin.
The acquisition is expected to accelerate AM Green’s vision to become the world’s leading industrial decarbonization platform. The company plans 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 foresees significant potential in the downstream applications of these key products, which could pave the way for entry into multiple green-chemical value chains across various sectors, including consumer and industrial use cases.
The acquisition is part of AM Green’s strategy to develop a global bio-refinery ecosystem using a licensing model of Chempolis’s technology. This collaborative approach will accelerate the global energy transition by enabling the establishment of large-scale biorefineries worldwide.
In addition, AM Green plans to invest around $1 billion to develop 0.5 million tons per annum of alcohol-to-jet (ATJ) SAF plants by 2027, which will help decarbonize the aviation sector. The company also aims to advance its technological capabilities to process a wider range of feedstocks, transforming them into high-value green products tailored for diverse consumer and industrial applications.
The acquisition is expected to be completed in the coming months, subject to regulatory approvals.
