Fintoil to begin construction of CTO biorefinery

In Finland, Fintoil Ltd will build a crude tall oil refinery in Hamina. Fintoil and Port of Hamina, Kotka have signed a lease agreement on a site located in the Hamina oil port area. Neste Engineering Solutions Ltd has been commissioned for engineering and delivery of the biorefinery. Construction of the biorefinery will begin as soon as the company has secured the environmental and building permits, estimated earliest at the end of 2020.

For Taaleri, Fintoil Ltd’s biorefinery represents a significant investment in the Finnish industry and expertise which fosters Taaleri’s growth in impact investing and financing of renewable energy. Taaleri Capital acts as Fintoil Ltd’s financial advisor in the financing of the investment project.