Fortum and Taaleri invest in Chempolis

By Chempolis Oy | October 24, 2016

Fortum and Taaleri Kiertotalous Ky recently signed an agreement with Chempolis Oy to invest in the company. The deal is part of a restructuring of Chempolis Oy’s ownership and financing, in order to strengthen the balance sheet and operations as well as open new growth areas.

Fortum will invest approximately EUR 6.4 million and Taaleri approximately EUR 4.0 million in the company. After the restructuring Fortum will become the largest owner of Chempolis with approximately 34 pecent of the shares and Taaleri will own approximately 21 percent of the shares.

Fortum will also investigate the possibility to invest in a biorefinery pilot plant based on the technology from Chempolis.

Chempolis is a biorefining technology company specialized in providing innovative and sustainable carbon-neutral biorefining technologies for the biomass, energy, oil, paper, alcohol, sugar and chemical industries.

“We are very happy to have strong partners with ambitious visions from solid energy industry forerunner Fortum and Taaleri wealth management company. Their investment in our company creates strong confidence in us also in international markets and enables multidimensional growth,” says Matti Sundberg, Chempolis’s chairman of the board.