Hyderabad-based AM Green Technology and Solutions B.V. (part of AM Green Group), has signed a binding agreement to acquire Finland’s Chempolis Oy and Fortum 3 B.V. entities, the company said on Monday.
AM Green added that it will further advance the platform’s technological capabilities to process a wider range of feedstocks and invest $1 billion to develop 0.5+ MTPA of Alcohol-to-Jet sustainable aviation fuel plants by 2027 for global airline decarbonization.
Chempolis provides biorefining technologies and Fortum 3 is a clean energy producer.
In a press statement, AM Green said it will establish large-scale biorefineries 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 decarbonization platform,” the company said.
Chempolis Oy is a pioneer in lignocellulosic (plant dry matter or biomass) feedstock processing with research, technology capabilities, and product development expertise spanning over 15 years with strong R&D teams.
Anil Chalamalasetty, Group Chairman of AM Green said, “We are excited to partner with Chempolis to advance the processing of 2G lignocellulosic feedstocks. This highlights our commitment to develop innovative, technology-enabled solutions to establish large-scale biorefineries that utilize multiple feedstocks & produce high-value green products enabling global decarbonization in aviation, fuels, chemicals, and other industrial sectors.”
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. It 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,” said the company.
