Europe’s largest biocoal production unit, developed by Taaleri, starts operations

TAALERI BIOINDUSTRY          PRESS RELEASE          21 MAY 2025 AT 8:00 (EEST)

Europe’s largest biocoal production unit, developed by Taaleri, starts operations

Joensuu Biocoal, the biocoal production facility developed by Taaleri Bioindustry, has begun production, and the first deliveries to customers have been made. The production capacity is 60,000 tonnes of torrefied biomass, also known as biocoal. It is the largest single biocoal production unit in Europe. Construction of the facility began in 2023, and the plant was completed at the end of 2024. During 2025, the facility has produced test batches and ramped up operations.

Biocoal can replace fossil raw materials and support hard-to-decarbonise industries by substituting for coal in the steel and cement industries. It can also be utilised for soil improvement. Taaleri offers a concept in which clients using biocoal do not need to make significant investments in new equipment. Instead, biocoal is a drop-in product, meaning it can almost directly replace coal in industrial processes.

The production facility is located in Joensuu, Finland, next to the Savon Voima power plant. The surplus energy generated during biocoal production is utilised for district heating.

“This is a significant step on our biocoal journey. Taaleri is among the first in the world to have developed and scaled an industrial-scale biocoal production facility,” says Iiro Tiilikainen, Project Director at Taaleri Bioindustry.

Taaleri is currently exploring opportunities for new biocoal investments in Canada. Taaleri Bioindustry is one of the first private equity owner-operators in the Finnish bioindustry market.

For further information, please contact:

Iiro Tiilikainen, Project Director, Taaleri Bioindustry, +358 44 491 5922, iiro.tiilikainen@taaleri.com

Taaleri in brief

Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We have been a signatory of the UN Principles for Responsible Investment (PRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.

Taaleri has EUR 2.7 bn of assets under management in its private equity funds and co-investments. The company has approximately 130 employees. Taaleri Plc is listed on Nasdaq Helsinki.

www.taaleribioindustry.com