AM Green Technology and Solutions has signed binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities.
The price was not disclosed but AM Green will invest around $1bn to develop 0.5-plus MTPA of Alcohol-to-Jet (ATJ) SAF plants by 2027 for global airline decarbonisation.
The company will establish large-scale bio refineries that utilise multiple feedstocks and produce high-value green products enabling global decarbonisation across fuels, chemicals and other industrial sectors.
Chempolis’ technology will enable the processing of multiple 2G waste feedstocks and production of high-value green chemicals and products such as ethanol, furfural, and pure lignin.
Chempolis is a pioneer in lignocellulosic feedstock processing with research, technology capabilities and product development expertise spanning 15-plus 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.
Anil Chalamalasetty, Group Chairman of AM Green, said the deal highlights its commitment to develop innovative, technology enabled solutions to establish large-scale bio refineries that utilise multiple feedstocks and produce high-value green products.
AM Green will work with partners worldwide to establish a global bio-refinery ecosystem using a licensing model of Chempolis’ technology.
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 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.
Formula 1 has announced its first investment in SAF as part of its Net Zero by 2030 target.
The first phase focuses on SAF purchases through global partner DHL. Flights covered by SAF purchases in the 2024 season are estimated to save over 4,500 tCO2e.
