Fortum, Taaleri signs an agreement with Chempolis Oy to invest in the company

Fortum and Taaleri Kiertotalous Ky have entered into an agreement with Chempolis Oy to invest in the company. The agreement 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 will invest approximately EUR 4.0 million in the company. After the restructuring Fortum will become the largest owner of Chempolis with approximately 34% of the shares and Taaleri will own approximately 21% of the shares.

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

“One of the four cornerstones of Fortum’s strategy launched in February is to build new energy ventures. In the Technology and New Ventures unit we have been looking at innovative technologies and start-ups, also in the biomass field, because Fortum is a major user of biomass in the Nordic and Baltic regions,” says Heli Antila, Fortum’s Chief Technology Officer. She added “Chempolis is a very interesting company with promising technology and we want to investigate the possibilities to invest in a commercial pilot plant utilising their technology to increase the value of biomass.”