In Finland, energy-as-a-service (EaaS) provider Adven Group has announced that it has agreed to acquire the biosteam plant located at the Kantvik oilseeds milling plant in Kirkkonummi from plant-based food company Apetit. At the same time, the parties have entered into a long-term energy supply agreement, starting upon completion of the transaction at the beginning of 2027.
Completed in 2021, the biosteam plant produces energy for Apetit’s Kantvik oilseeds milling plant.
Following completion of the transaction, the value of which has not been disclosed, Adven will be responsible for heat plant operations in Kirkkonummi and any future investments.
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.
Oilseeds milling is the most energy-intensive part of the production process and requires significant amounts of process steam.
The plant uses domestic woodchips as fuel, and production side streams, such as straw and screening fractions delivered together with seed supplies, can also be utilised at the plant.
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, said Timo Huttunen, Director of Apetit’s Oilseed Products business.
