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AM Green acquires Chempolis' 2G bio-fuel tech and will invest $1 billion in sustainable aviation fuel
The Business Guardian
|September 24, 2024
AM Green Technology AM BV, part Land Solutions BV, part of the AM Green Group, has announced the acquisition of Chempolis Oy and Fortum 3 BV.
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According to an official release, this acquisition will bolster AM Green's vision of transforming Chempolis's next-generation 2G bio-fuel technology into a comprehensive global bio-refinery platform, with a substantial investment of approximately USD 1 billion over the next three years aimed at producing over 0.5 million tonnes per annum (MTPA) of Sustainable Aviation Fuel (SAF).
AM Green's acquisition reflects its commitment to developing innovative technology-enabled solutions that will pave the way for large-scale biorefineries.
These facilities will utilise diverse feedstocks to produce high-value green products, thereby facilitating decarbonisation across various sectors, including aviation, fuels, and chemicals.
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