Adven to acquire Apetit’s biosteam plant at Kantvik
Adven has agreed to acquire the biosteam plant at Apetit’s Kantvik vegetable oil milling site in Finland, alongside a long-term energy supply agreement that takes effect once the transaction completes at the start of 2027.
Deal extends existing partnership
The biosteam plant, completed in 2021, supplies energy for the Kantvik vegetable oil milling operation in Kirkkonummi. Once the acquisition closes, Adven will take over operation of the site and any future investment decisions.
Adven and Apetit already have an established working relationship, having supplied energy to Apetit’s Säkylä plant since 2022.
“The transaction is a continuation of the good cooperation between the companies. We have been supplying energy to Apetit’s Säkylä plant since 2022, and we are pleased to deepen our partnership in Kantvik as well. Apetit plays a significant role in the Finnish food industry, and it is important to us to help strengthen domestic food production and Finland’s self-sufficiency through sustainable and reliable energy solutions,” said Juha Elo, SVP for Industrial Energy Solutions at Adven.
Timo Huttunen, Director of Apetit’s Oilseed Products business, said: “We are pleased with the solution in which a competent operator focused on energy both acquires and takes responsibility for the biosteam plant of the oilseed milling plant. This enables us to focus our resources even more strongly on our core business.”
Steam demand and fuel sourcing
Vegetable oil milling is among the most energy-intensive stages of food processing, requiring substantial steam input. The Kantvik plant runs on domestic wood chips, with production side streams such as straw and screening fractions from seed supplies also used as fuel.
About Adven
Adven operates more than 350 sites across Europe, delivering a total energy volume of 5.1 TWh. The company employs 600 people and provides district heating, geoenergy, steam, cooling and infrastructure services to industrial and municipal customers. Adven reports annual turnover of EUR 424 million and a total balance sheet of EUR 1,480 million.
Nulla facilisis consectetur eleifend. Nullam vehicula mauris sed mi porta, in tempor dolor aliquet. Phasellus sed tempus mi, facilisis commodo ipsum. In enim eros, tincidunt vitae lectus nec, vehicula ullamcorper nulla.
Integer risus sapien, eleifend vitae bibendum eu, cursus at sem. Phasellus sodales nisi sapien, convallis porttitor lectus accumsan at. Aenean vitae suscipit mauris, quis viverra sem. Donec faucibus vitae orci a fermentum. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos.
Nullam eget posuere risus, eget ullamcorper elit. Curabitur vel elit non velit varius mollis. Nunc augue sapien, dignissim vitae purus sed, venenatis rutrum nunc. In tristique turpis a bibendum vehicula. Vivamus quis elit massa. Sed sollicitudin neque at ligula condimentum accumsan.
