thenewsfacts.com
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
thenewsfacts.comthenewsfacts.com
Font ResizerAa
Search
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
Follow US
© thenewsfacts : All Rights Reserved.

Home » AM Green Advances 2G Bio-Fuel Tech with $1B Investment, Acquires Chempolis and Fortum 3 Know-How

Business

AM Green Advances 2G Bio-Fuel Tech with $1B Investment, Acquires Chempolis and Fortum 3 Know-How

TheNewsFacts
Last updated: September 23, 2024 1:39 pm
TheNewsFacts
Share
Chempolis
AM Green Advances 2G Bio-Fuel Tech with $1B Investment, Acquires Chempolis and Fortum 3 Know-How : Image Courtesy AM Green
SHARE

September 23, 2024: AM Green Technology [AMG] and Solutions B.V. (part of AM Green Group), one of the world’s leading energy transition solutions providers has announced the signing of binding agreements to acquire Finland based Chempolis Oy and Fortum 3 B.V. entities, Next-Gen 2G Bio-Fuel Technology.

This acquisition highlights AMG’s commitment to develop innovative technology enabled solutions. AM Green will 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.

· Strategic acquisition and further investment to accelerate AMG ’s vision to develop Chempolis’ technology into a global bio-refinery technology platform

AM Green will invest ~ 1bn USD over next 3 years for production of 0.5 + MTPA of Sustainable Aviation Fuel (SAF) for global airline decarbonization

· AMG will partner globally to create a bio-refinery ecosystem using Chempolis’s technology through a licensing model

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 AMG’s vision to become the world’s leading industrial decarbonizations platform.

Chempolis Oy is a pioneer in lignocellulosic feedstock processing with research, technology capabilities and product development expertise spanning 15+ years with strong R&D teams.

AMG 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.

Anil Chalamalasetty, Group Chairman of AM Green, “We are excited to partner with Chempolis to advance the processing of 2G ligno-cellulosic feedstocks. This highlights our commitment to develop innovative, technology enabled solutions to establish large-scale bio refineries that utilize multiple feedstocks & produce high-value green products enabling global decarbonization in aviation, fuels, chemicals, and other industrial sectors.”

AMG 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 valorised into downstream chemicals and fuels including SAF. AMG will invest ~ 1 bn USD to develop 0.5 + MTPA of Alcohol-to-Jet (ATJ) SAF plants 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 high valuable green products tailored for diverse consumer and industrial applications.

TAGGED: 2G Bio-Fuel, Acquisition, AM Green, Bio-Refinery, Chempolis, Clean Fuel, Fortum 3, Innovation, Investment, Renewable Energy, Sustainability, Technology
Share This Article
Twitter Email Copy Link Print
Previous Article IPEF IPEF Deal: India’s Strategic Shift to Sustainable and Transparent Economies
Next Article Laapataa Ladies Kiran Rao’s “Laapataa Ladies” Sparks Controversy as India’s Oscar Choice—But Why?

Your Trusted Source for Accurate and Timely Updates!

We're committed to providing accurate and unbiased news as it unfolds, earning the trust of a large audience. Stay informed with our news updates on the latest events and trends, keeping you ahead of the curve.
FacebookLike
TwitterFollow
InstagramFollow

Popular Posts

Excitement builds for the epic two-part Ramayana, set to release in 2026 and 2027.

November 6, 2024: In an eagerly awaited announcement, the much-anticipated magnum opus Ramayana has revealed…

By TheNewsFacts

Discover Madagascar’s Wildlife on a Budget: 7-Day Adventure Itinerary

Exploring Madagascar's unique wildlife on a budget can be an exciting adventure! Here's a one-week…

By TheNewsFacts

OnePlus 10 Pro Specs Leaked Before Official Launch

OnePlus 10 Pro Specs have been leaked ahead of its January 4, debut date. The…

By TheNewsFacts

You Might Also Like

AM Green
Business

AM Green, Port of Rotterdam To Enable 1 MTPA , $1B Trade for Green Fuels

By TheNewsFacts
AM Green
Latest News

AM Green-CIL Strike ₹25,000 Cr Mega Renewable Energy Deal

By NewsFacts Bureau
Greenko RE Project AP
Latest News

Greenko’s RE, A Leap Forward in Clean Energy: Minister Pralhad Joshi

By TheNewsFacts
Rio Tinto
Business

AMG, Rio Tinto Plan 500K TPA Green Aluminium in India

By TheNewsFacts
thenewsfacts thenewsfacts

About US


TheNewsFacts: Brings you the interesting facts, news facts and updates from India an the world across politics, tech, entertainment, business, tending, and more. We deliver what you love to read.
Top Categories
  • Latest News
  • Trending News
  • Paris Olympics 2024
  • Sports
  • Entertainment
  • Business
  • Technology
Usefull Links
  • About The News Facts
  • Latest News
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Contact Us
Follow us
Facebook Twitter Instagram

© thenewsfacts. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?