Chempolis to enter into joint ventures in advanced biofuels and pulp production in Asia

OULU, Finland, Dec. 8, 2010 (Press Release) - Chempolis Ltd. targets joint ventures in advanced biofuels and pulp production. Following the commissioning and successful operation of company's own biorefinery in Oulu, Finland, Chempolis' Board of Directors has taken a strategic decision to enter joint venture partnerships in advanced commercial biofuels and pulp production. The move is intended to strengthen the company's position as the leading supplier of biorefining technology for these industries.

The company is currently evaluating possible partners in both areas and expects to select its first partner companies and locations during the second quarter of 2011, with a focus on China and India, and Southeast Asia.

Chempolis' innovative 3G formico® biorefining technologies - formicofib^TM and formicobio^TM - provide sustainable, cost-effective solutions for the biomass, paper, biofuel, and chemical industries to refine biomass into high-quality products while minimizing environmental impact and maximizing social benefits. formicofib^TM converts non-wood raw materials into papermaking fibre for paper and board, packaging, and hygiene products; while formicobio^TM processes non-food raw materials into cellulosic ethanol.