The startup operates a biorefinery that utilizes pine oil distillation to produce crude fatty acids, turpentine, and pine resin, which serve as renewable raw materials for biofuels and biochemicals. By replacing fossil raw materials with responsibly sourced alternatives, the company addresses the environmental impact of traditional resource extraction.
Funding
$86.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The production of biofuels and biochemicals often relies on fossil raw materials, contributing to environmental degradation and resource depletion. Traditional resource extraction methods have a significant environmental impact, necessitating the adoption of more sustainable alternatives.
Solution
Fintoil operates a biorefinery that transforms crude tall oil, a byproduct of pine and spruce pulping, into renewable raw materials. Utilizing thermal distillation, the refinery separates crude tall oil into fractions like crude fatty acids, tall oil rosin, turpentine, and pitch. These components serve as sustainable substitutes for fossil-based resources in the production of biofuels, biochemicals, adhesives, and various other industrial applications. By valorizing a forestry byproduct, Fintoil promotes resource efficiency and reduces reliance on conventional fossil feedstocks.
Target Audience
Fintoil's primary customers include biofuel producers seeking sustainable feedstocks, as well as chemical and materials companies looking for renewable alternatives to fossil-based raw materials.
Features
- Processes up to 200,000 tons of crude tall oil annually using thermal distillation
- Produces crude fatty acids suitable for second-generation renewable diesel production
- Generates tall oil rosin for use in adhesives, coatings, and printing inks
- Extracts turpentine, a versatile solvent and chemical intermediate
- Yields tall oil pitch for energy applications
- Operates a production process certified under ISCC (International Sustainability and Carbon Certification)
- Employs NEXPINUS™ technology, which reduces energy consumption by over 40% compared to traditional tall oil refineries