Taaleri and HitecVision accelerate Fintoil’s growth to capture surging demand for advanced biofuels

TAALERI / FINTOIL / HITECVISION  |  PRESS RELEASE  |  7 JULY 2026 AT 12:35 (EEST)

Taaleri and HitecVision accelerate Fintoil’s growth to capture surging demand for advanced biofuels

Fintoil is launching its next phase of growth, with the ambition to develop into a leading European biorefinery company. To support the strategy implementation, Norwegian energy-focused private equity investor HitecVision and current major shareholder Taaleri are investing EUR 105 million into the Fintoil Group structure.

Fintoil’s competitiveness is underpinned by the modern Hamina biorefinery, one of the world’s most advanced facilities for the refining of crude tall oil (CTO). Fintoil provides high-quality, sustainable products to the global biofuel and biochemical industries and continues to innovate new products for customers’ needs.

The arrangement strengthens Fintoil’s balance sheet, supports the ongoing operational scale-up in Hamina, enables organic growth through industrial investments and evaluation of further growth options.

Growth through production optimisation and innovation

At the core of Fintoil’s strategy is the significant scaling of its business over the course of this decade. In recent years, the company has delivered strong revenue growth of tens of millions of euros annually. Looking ahead, Fintoil is targeting strong double digit growth in revenue from EUR 138 million in 2025 (€96 million in 2024) and aims to achieve an EBITDA margin of approximately 20 per cent by 2030.

The immediate focus is on capturing the full potential at Hamina, while the company is broadening its product portfolio and building a strong market position globally. At the same time, the company is making industrial investments to continue optimising its product mix by directing sales towards higher-value end markets, supporting EBITDA margin improvement.

“The financing round significantly strengthens Fintoil’s ability to execute its growth strategy. We are focused on scaling up production, while developing and optimising the product mix. We actively prepare for new investments and other opportunities for growth. I am very pleased with our long-standing collaboration with Taaleri and warmly welcome HitecVision to support the company’s next growth phase,” says Fintoil CEO Ari-Pekka Määttänen.

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 fuelled by strong growth in advanced biofuels, supported by the implementation of RED III and national renewable fuel mandates across Europe. Fintoil aims to become a key player in this market by offering a broad portfolio of competitive and scalable solutions for replacing fossil-based raw materials, based on modern and cost-efficient production.

“Fintoil holds a highly compelling position in a fast-growing market. The company’s strategy combines operational development, a scalable business model and active exploration of new growth opportunities, including industry consolidation. As a long-standing investor, we see a clear opportunity to create significant value in the company over the coming years,” says Taaleri CEO Ilkka Laurila.

“We have looked closely at the biofuels market, and Fintoil stands out on the quality of its biorefinery and the flexibility of its business model. Our investment backs a clear plan to scale capacity and consolidate across the sector. We are confident in the team and in the value that can be built over the coming years," says Jan Harald Solstad, Senior Partner at HitecVision.

Further information:

Ari-Pekka Määttänen, CEO, Fintoil, +358 40 516 1071, ari-pekka.maattanen@fintoil.com

Ilkka Laurila, CEO, Taaleri Plc, +358 40 076 1360, ilkka.laurila@taaleri.com

Jan Harald Solstad, Senior Partner, HitecVision, jan.harald.solstad@hitecvision.com

About Fintoil

Fintoil is a biorefinery in Hamina specialising in the refining of crude tall oil (CTO). Its products are used in biofuels and biochemicals as replacements for fossil-based raw materials. Hamina biorefinery started operations in September 2022. In the 12 months to 31 March 2026 Fintoil successfully continued to grow its sales to existing and new market segments generating revenue of EUR 149 million and EBITDA of EUR 9 million.

fintoil.com

About Taaleri

Taaleri is a Helsinki-based specialist in private investments, private asset management, and non-life insurance, with a presence and investments across Europe. We focus on selected strategies in renewable energy, real estate, growth equity and venture capital. Our subsidiary Garantia provides credit risk insurance solutions for households, businesses and lenders. We combine capital with talent, deep expertise and an entrepreneurial mindset, underpinned by a clear sense of purpose.

Taaleri has three business segments: Private Asset Management, Garantia and Investments. The Private Asset Management segment includes the renewable energy, bioindustry and real estate businesses. The Garantia segment consists of Garantia Insurance Company. The Investments segment comprises development capital and other direct investments.

Taaleri has EUR 2.7 billion in assets under management and employs around 130 professionals. Taaleri Plc is listed on Nasdaq Helsinki.

taaleri.com

About HitecVision

HitecVision is a Norwegian private equity firm and a leading provider of institutional capital to Europe’s energy industry. For four decades as a serial entrepreneur, we have built or invested in more than 200 companies. We have raised approximately EUR 9 billion in capital from our high-quality investor base, and are headquartered in Stavanger, with offices and investment professionals in Oslo and London. Our 65-person team focuses on building profitable and sustainable companies that contribute to the decarbonisation and energy transition in Europe, working closely with our management teams and boards.

hitecvision.com