Fortum and Taaleri Kiertotalous Ky have today signed an agreement with Chempolis Oy to invest in the company. The deal 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 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.

Chempolis is a biorefining technology company specialised in providing innovative and sustainable carbon-neutral biorefining technologies for the biomass, energy, oil, paper, alcohol, sugar and chemical industries.

“We are very happy to have strong partners with ambitious visions from solid energy industry forerunner Fortum and Taaleri wealth management company. Their investment in our company creates strong confidence in us also in international markets and enables multidimensional growth,” says Matti Sundberg, Chempolis’s Chairman of the Board.

Further information:

Matti Sundberg, Chairman of the Board

Pasi Rousu, President, Chempolis Asia, Pacific and Americas Tel. +358 40 544 9997


Chempolis

Chempolis Ltd is a technology leader delivering innovative carbon neutral 3G formico® biorefining technologies that provide profitable, sustainable and cost-and resource effective solutions for the biomass, energy, oil, sugar, alcohol, chemical and paper industries to refine biomass into advanced high-quality bio products while minimizing environmental impact and maximizing social benefits. www.chempolis.com

Fortum

Fortum’s vision is to be the forerunner in clean energy. We provide our customers with electricity, heat and cooling as well as other energy solutions that improve present and future life. Already 64% of our electricity generation is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia, Poland and India. In 2015, we employed some 8,000 energy sector professionals, and our sales were EUR 3.5 billion. Fortum’s share is listed on Nasdaq Helsinki. www.fortum.com

Taaleri

Taaleri is a Financial Group, whose parent company Taaleri Plc is listed on Nasdaq Helsinki’s main market. The Taaleri Group consists of three business areas: Wealth Management, Financing and Energy. Taaleri provides services to institutional investors, companies and private individuals. The Group’s subsidiaries engaging in business are Taaleri Wealth Management and its subsidiaries, Taaleri Private Equity Funds Ltd Group, Taaleri Investments Ltd Group, Taaleri Energia Ltd and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services, and Inderes Ltd, which produces analyses and media content for investors.

At the end of June 2016, Taaleri had EUR 4,2 billion assets under management and 3,600 wealth management customers. Taaleri Plc has approximately 2,600 shareholders. The operations of Taaleri are supervised by the Finnish Financial Supervisory Authority. www.taaleri.com