The Finnish forest industry company UPM Biochemicals has acquired SunCoal Industries GmbH, a German-based company that developed a unique technology portfolio to produce performance products from renewable raw materials, said UPM in a press release on Tuesday.
.With this acquisition SunCoal Industries’ technology will be integrated into the production of UPM’s BioMotionTM Renewable Functional Fillers (RFF), one of the products to be produced at UPM Biochemical’s first-of-its kind biorefinery in Leuna.
Founded in 2007, SunCoal Industries is located in Ludwigsfelde, Brandenburg employs 30 people.
“This acquisition will strengthen our position in the renewable chemicals markets and marks a next step in the growth of our biorefining businesses,” said Winfried Schaur, Executive Vice President Technology & Biorefining at UPM.
“After many years of trustful cooperation in supporting the realization of the Leuna biorefinery, we are excited that the SunCoal team will now be involved even more,”, said Tobias Wittmann and Friedrich von Ploetz, founding partners of SunCoal Industries.
UPM invests EUR 1,180 million to build the world’s first industrial scale biorefinery in Leuna, Germany.
In Leuna, UPM will convert sustainably sourced, certified hardwood into next generation biochemicals that will enable the vital shift away from fossil-based to renewable materials across a wide range of industries.
- UPM
Source: www.dailyfinland.fi
