HitecVision and Taaleri invest $120M in Fintoil expansion
In Finland, Fintoil is launching its next phase of growth, with the ambition to develop into a leading European biorefinery company. To support the strategy implementation, Norwegian energy-focused private equity investor HitecVision and current major shareholder Taaleri are investing EUR 105 million into the Fintoil Group structure.
Fintoil’s competitiveness is underpinned by the modern Hamina biorefinery, one of the world’s most advanced facilities for the refining of crude tall oil (CTO). Fintoil provides high-quality, sustainable products to the global biofuel and biochemical industries and continues to innovate new products for customers’ needs.
The arrangement strengthens Fintoil’s balance sheet, supports the ongoing operational scale-up in Hamina, enables organic growth through industrial investments and evaluation of further growth options.
Category: Fuels
