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AM Green Technology and Solutions B.V. acquires Chempolis Oy and Fortum 3 B.V. to advance bio-fuel technology

PRIVATESep 23, 2024

Acquiring Company

AM Green Group

Acquired Company

Chempolis Ltd.

HyderabadOuluEspooManufacturingBiotechnologyEnergyOil And GasRenewable EnergyManufacturingRenewable EnergyEnergyRenewable EnergyBiomass Energy

Description

AM Green Technology and Solutions B.V., a leading energy transition solutions provider, has signed binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities. This strategic acquisition aims to facilitate the development of large-scale bio refineries, utilizing multiple feedstocks to produce high-value green products, furthering the global decarbonization effort in aviation, fuels, and chemicals.

Quick answer

AM Green Group is acquiring Chempolis Ltd. and Fortum Oyj, announced September 23, 2024. AM Green Group is based in Hyderabad, Telangana, India.

Who acquired Chempolis Ltd?
AM Green Group agreed to acquire Chempolis Ltd. and Fortum Oyj on September 23, 2024.
How much did AM Green Group pay for Chempolis Ltd?
The deal value was not disclosed.
What does AM Green Group do?
AM Green is indirectly wholly owned and controlled by the founders of Hyderabad-based Greenko Group - Anil Chalamalasetty and Mahesh Kolli.
Where are AM Green Group and Chempolis Ltd. based?
AM Green Group is based in Hyderabad, Telangana, India. Chempolis Ltd. is based in Oulu, North Ostrobothnia, Finland.

Source: Fundz verified event record.

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Company Information

Company

AM Green Group

Location

Hyderabad, Telangana, India

About

AM Green is indirectly wholly owned and controlled by the founders of Hyderabad-based Greenko Group - Anil Chalamalasetty and Mahesh Kolli. With their strength in renewable energy and storage as a service model and track record of energy entrepreneurship, AM Green aims to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world.

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Frequently asked

Who acquired Chempolis Ltd.?

Chempolis Ltd. was acquired by AM Green Group, based in Hyderabad. The deal was reported on September 23, 2024. AM Green is indirectly wholly owned and controlled by the founders of Hyderabad-based Greenko Group - Anil Chalamalasetty and Mahesh Kolli. AM Green Group is privately held and operates in Manufacturing.

When did AM Green Group acquire Chempolis Ltd.?

AM Green Group's acquisition of Chempolis Ltd. was reported on September 23, 2024. AM Green Technology and Solutions B.V., a leading energy transition solutions provider, has signed binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Chempolis Ltd. do?

Chempolis Oy and Fortum 3 B.V. are entities renowned for their pioneer work in lignocellulosic feedstock processing, with expertise spanning over 15 years. It is privately held, operating in Manufacturing, and is based in Oulu.

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