Comments
AM Green Technology and Solutions B.V. (part of AM Green Group) has signed binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities. The company declined to disclose the consideration made for the deal.
According to a statement, AM Green will invest $1 billion over the next three years to produce 0.5 + MTPA of Sustainable Aviation Fuel (SAF) for global airline decarbonisation.
It said that AM Green will partner globally to create a bio-refinery ecosystem using Chempolis’s technology through a licensing model.
AM Green will establish large-scale biorefineries that utilise multiple feedstocks and produce high-value green products, enabling global decarbonisation in aviation, fuels, chemicals, and other industrial sectors.
Furthermore, it 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.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.