AM Green to acquire Chempolis biofuel technology, plans to invest $1 billion to produce SAF
- AM Green Group
- Sep 24, 2024
- 2 min read
India-based AM Green Technology and Solutions B.V., part of AM Green Group, announced Sept. 23 the signing of binding agreements to acquire Finland-based Chempolis Oy and Fortum 3 B.V. entities.
AM Green said it plans to establish large-scale biorefineries that utilize multiple feedstocks to produce high-value green products enabling 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 and pure lignin.
The company said Chempolis is a pioneer in lignocellulosic feedstock processing with research, technology capabilities and product-development expertise spanning more than 15 years, with strong R&D teams.
AM Green added that it foresees 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.
“We are excited to partner with Chempolis to advance the processing of [second-generation] lignocellulosic feedstocks,” said Anil Chalamalasetty, AM Green’s group chairman. “This highlights our commitment to develop innovative, technology-enabled solutions to establish large-scale biorefineries that utilize multiple feedstocks.”
AM Green plans to work with partners worldwide to establish a global biorefinery ecosystem using a licensing model of Chempolis’ technology.
This collaborative approach will accelerate the global energy transition, according to AM Green.
Large-scale biorefineries being developed with Chempolis technology help serve critical upstream feedstock processing, which is further valorized into downstream chemicals and fuels including sustainable aviation fuel (SAF).
AM Green said it will invest $1 billion to develop 500,000 tons per year of production capacity for alcohol-to-jet (ATJ) SAF 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 valuable green products tailored for diverse consumer and industrial applications,” the company stated.
