AM Green invests $1BN in Chempolis for sustainable aviation fuel

AM Green Technology and Solutions B.V., part of AM Green Group, has announced a significant investment of approximately $1 billion over the next three years to develop sustainable aviation fuel (SAF) through the acquisition of Chempolis Oy and Fortum 3 B.V. This strategic move, made public on September 23, 2024, aims to produce over 0.5 million tons per annum (MTPA) of SAF, contributing to global airline decarbonization efforts. The acquisition underscores AM Green's commitment to innovative technology solutions and the establishment of large-scale bio-refineries that utilize various feedstocks. Chempolis is recognized for its expertise in processing lignocellulosic feedstocks, which will enable the production of high-value green chemicals and products, including ethanol and furfural. This technology is expected to facilitate the processing of multiple second-generation (2G) waste feedstocks, enhancing the sustainability of aviation fuels. Anil Chalamalasetty, Group Chairman of AM Green, expressed enthusiasm about the partnership with Chempolis, emphasizing the importance of developing solutions that support decarbonization across various industrial sectors. The collaboration will also involve a global licensing model to create a bio-refinery ecosystem, further accelerating the energy transition. By 2027, AM Green plans to establish Alcohol-to-Jet (ATJ) SAF plants, which will not only contribute to reducing carbon emissions in aviation but also expand the technological capabilities to process a wider range of feedstocks. This initiative is poised to pave the way for entry into multiple green-chemical value chains, benefiting both consumer and industrial applications.