AM Green Group Acquires Chempolis Oy and Fortum 3 BV
Hyderabad (Telangana) [India], September 23: AM Green Technology and Solutions BV, part of the AM Green Group, has announced the acquisition of Chempolis Oy and Fortum 3 BV. This acquisition aims to transform Chempolis’s next-generation 2G bio-fuel technology into a global bio-refinery platform.
Investment and Vision
AM Green plans to invest approximately USD 1 billion over the next three years to produce over 0.5 million tonnes per annum (MTPA) of Sustainable Aviation Fuel (SAF). This move reflects AM Green’s commitment to developing innovative technology-enabled solutions for large-scale biorefineries that will use diverse feedstocks to produce high-value green products, aiding in decarbonisation across various sectors.
Chempolis’s Expertise
Chempolis is known for its pioneering work in lignocellulosic feedstock processing, backed by over 15 years of research and development. Their technology converts multiple 2G waste feedstocks into valuable products like ethanol, furfural, and pure lignin. This acquisition aligns with AM Green’s goal to leverage Chempolis’s capabilities to lead in industrial decarbonisation.
Statements from Leadership
Anil Chalamalasetty, Group Chairman of AM Green, stated, “We are excited to partner with Chempolis to advance the processing of 2G lignocellulosic feedstocks. This highlights our commitment to developing innovative, technology-enabled solutions to 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.”
Future Plans
AM Green aims to build a global bio-refinery ecosystem by partnering with stakeholders worldwide through a licensing model for Chempolis’s technology. By 2027, AM Green plans to establish Alcohol-to-Jet (ATJ) SAF plants capable of producing over 0.5 MTPA, significantly contributing to the aviation sector’s decarbonisation goals.
About AM Green Group
Founded by Anil Chalamalasetty and Mahesh Kolli, the Hyderabad-based AM Green Group is a leader in energy transition solutions. The company focuses on pioneering new technologies to shape the future of energy, aiming to become a cost-competitive producer of green hydrogen, green ammonia, and other green molecules. AM Green is actively developing capabilities for producing a variety of green molecules, including biofuels and sustainable aviation fuels.
Doubts Revealed
AM Green Group -: AM Green Group is a company that works on green technology and solutions to help the environment.
Chempolis Oy -: Chempolis Oy is a company from Finland that makes special technology to turn plants into fuel.
Fortum 3 BV -: Fortum 3 BV is a part of a company that works on energy solutions, and it is based in the Netherlands.
2G bio-fuel technology -: 2G bio-fuel technology is a way to make fuel from plants and other natural materials that are not food.
USD 1 billion -: USD 1 billion means 1 billion US dollars, which is a lot of money, around 8,000 crore rupees.
Sustainable Aviation Fuel (SAF) -: Sustainable Aviation Fuel (SAF) is a special type of fuel made from plants and other natural materials that is better for the environment.
Alcohol-to-Jet SAF plants -: Alcohol-to-Jet SAF plants are factories that turn alcohol made from plants into fuel for airplanes.
decarbonisation goals -: Decarbonisation goals are plans to reduce the amount of carbon dioxide and other harmful gases released into the air to help fight climate change.
