Taaleri and HitecVision Accelerate Fintoil’s Growth by Capitalizing on the Rapidly Growing Demand for Advanced Biofuels
Fintoil is launching its next phase of growth with the goal of developing the company into a leading European biorefinery business. To support the implementation of this strategy, the Norwegian energy private equity investor HitecVision and current majority owner Taaleri are investing 105 million euros into Fintoil’s group structure.
Fintoil’s competitiveness is based on its modern biorefinery in Hamina, which is one of the world’s most advanced facilities for refining crude tall oil (CTO). Fintoil provides high-quality and sustainable products for the global biofuel and biochemical industries and is continuously developing new products to meet the needs of its customers.
The arrangement strengthens Fintoil’s balance sheet, supports the ongoing scaling of production in Hamina, and enables the assessment of further growth opportunities and organic growth through industrial investments.
Growth through production optimization and product development
At the core of Fintoil’s strategy is a significant scaling of the business over the current decade. The company has developed strongly in recent years, with annual revenue increasing by tens of millions of euros. The company targets significant annual double-digit revenue growth from 138 million euros in 2025 (96 million euros in 2024) and aims to achieve an EBITDA margin of approximately 20 percent by 2030.
The immediate focus is on realizing the full potential of the Hamina facility while the company expands its product portfolio and builds a strong global market position. The company is carrying out industrial investments to continue optimizing its product mix by targeting sales toward higher-value end markets, which supports the strengthening of the EBITDA margin.
Strong demand in the advanced biofuels market
Fintoil’s development reflects a broader transformation in the energy sector, where the role of renewable and sustainable solutions is growing rapidly. Demand is supported by strong market growth for advanced biofuels, driven by the implementation of the Renewable Energy Directive (RED III) and national renewable fuel distribution mandates in Europe. Fintoil is aiming for a strong position in growing markets by offering competitive and scalable solutions to replace fossil-based raw materials. The company’s competitiveness is based on modern and cost-efficient production.