Sunpine

Name

Sunpine

Legal name

Sunpine AB

Website

https://sunpine.se

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Advanced Biofuel Feedstock

NAICS

Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194), Fats and Oils Refining and Blending (311225), Petroleum Refineries (32411), Petrochemical Manufacturing (32511), Petroleum and Coal Products Manufacturing (3241)

SIC

Petroleum Refining (2911), Fats & Oils (2070), Industrial Organic Chemicals (2860), Miscellaneous Products Of Petroleum & Coal (2990)

akta.pro primary industry

Renewable Diesel (HVO/HEFA) Production (EUAAAHAD)

akta.pro secondary industry

Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• Advanced biofuel feedstock
• Crude tall oil refining
• Renewable diesel production
• Fossil-free bio-oil
• Industrial rosin chemicals

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Technology or R&D, Operations, Personnel

Revenue model

1. Raw Tall Diesel sales: Sunpine's primary revenue stream is the sale of ISCC-certified Raw Tall Diesel, an advanced biofuel feedstock. The product is sold to customers across Europe who further refine it into HVO (Hydrotreated Vegetable Oil) for road transport, sustainable aviation fuel, and marine biofuels. The product offers 4–12% better yield than comparable feedstocks and requires 40% less hydrogen in refining.
2. Bio-oil sales: Bio-oil is sold as a fossil-free heating oil for boilers and heating plants, and can replace fossil oils in Sweden's district heating networks. It is also used internally in Sunpine's production process and supplied to raw material suppliers.
3. Rosin sales: High-quality, renewable, and fossil-free rosin is sold to industrial manufacturers for use in binders, tackifiers, adhesives, tapes, printing inks, coatings, paper, and electronic manufacturing. Produced at Haraholmen facility using 99 percent fossil-free energy.
4. Alpha-Pinen sales: Since 2024, Sunpine has extracted and sold alpha-pinen refined from turpentine. Used in production of fragrance components for perfumes, cosmetics, cleaning products, and as chemical building blocks in solvents, adhesives, paints, and tire rubber.
5. Excess heat sales to PiteEnergi: Sunpine recovers excess energy from its production process and delivers it to PiteEnergi, which converts it into district heating supplied to nearby industries and facilities at Haraholmen. Approximately 2.5 km of district heating pipes at Haraholmen. In 2025, Sunpine supplied equivalent of 1,770,970 kWh of district heating to PiteEnergi.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Sunpine is the world's largest producer of Raw Tall Diesel, an ISCC-certified advanced biofuel feedstock refined from crude tall oil, a residual by-product of the pulp and paper industry. Using its proprietary, patented, and Polhem Prize-winning production process, the company refines crude tall oil into four fossil-free products (Raw Tall Diesel, bio-oil, rosin, and alpha-pinene) and recovers excess heat for district heating, serving biofuel producers, specialty chemical manufacturers, and energy utilities across Europe.

Product overview

Sunpine offers a portfolio of four fossil-free products refined from crude tall oil, a renewable by-product of the pulp and paper industry: Raw Tall Diesel (ISCC-certified advanced biofuel feedstock with up to 99.7% CO2 reduction, used in road transport, aviation, and shipping), Bio-oil (fossil-free heating oil for industrial boilers and district heating networks), Rosin (high-quality binder and tackifier for adhesives, tapes, inks, and coatings), and Alpha-pinene (fragrance component and chemical building block for solvents and surface coatings). The company also recovers excess heat from its production process for district heating delivery to local industries. Sunpine operates the world's largest crude tall oil facility at Haraholmen in Piteå, Sweden, with a production capacity of approximately 200,000 tons per year and a patented, nearly 99% fossil-free process protected by around 90 patents.

Differentiator

Problem solved

Functional benefit

Products and services

• Raw Tall Diesel ISCC-certified advanced biofuel feedstock made from crude tall oil with up to 99.7% CO2 reduction. Sold to large-scale biofuel producers and energy companies across Europe who further refine it into HVO100 for road transport, sustainable aviation fuel, and marine biofuels. Offers 4-12% better yield than comparable feedstocks and requires 40% less hydrogen in refining.
• Bio-oil Fossil-free heating oil derived from crude tall oil, used in boilers, heating plants, district heating networks (especially in Sweden), and energy-intensive industrial processes such as mining and steel production. Also used internally in Sunpine's production process and supplied to raw material suppliers.
• Rosin High-quality, renewable, and fossil-free rosin refined from crude tall oil at the Haraholmen facility using a 99% fossil-free energy process. Sold to industrial manufacturers for use in binders, tackifiers, adhesives, tapes, printing inks, coatings, paper, and electronic manufacturing processes.
• Alpha-pinene Versatile pine-scented product extracted from crude tall oil, used as a fragrance component in perfumes, cosmetics, hygiene products, and cleaning products. Also serves as a chemical building block in solvents, adhesives, paints, surface coatings, and tire rubber.
• Excess heat (district heating) Excess energy recovered from Sunpine's production process and delivered to PiteEnergi for conversion into district heating distributed to nearby industries and facilities at Haraholmen via approximately 2.5 km of district heating pipes.

Quantifiable outcome

• CO2 reduction value of up to 99.7 percent
• +6 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• VAROPreemcoreStrategic or Co-development Partner · 18 February 2026VAROPreem acquired Sunpine in 2026 from Sveaskogs Förvaltning AB, Södra Skogsägarna ekonomisk förening, and Lawter Europe BV. Preem was acquired by VARO Energy, forming VAROPreem. The transaction creates significant potential synergies between two key players in the European market for fossil-free transport fuels. VAROPreem was already a major customer and co-owner prior to full acquisition.
• Valeri NaydenovcoreOthers · 1 January 2018Valeri Naydenov, lead chemist and Senior Advisor at Sunpine, co-developed the Polhem Prize-winning Raw Tall Diesel production process alongside founder Lars Stigsson. Naydenov continues as Senior Advisor contributing to technology development.
• PiteEnergicoreStrategic or Co-development PartnerSunpine recovers excess energy from its production process and delivers it to PiteEnergi, which converts it into district heating for nearby industries and facilities at Haraholmen. Approximately 2.5 km of district heating pipes serve the Haraholmen industrial area. In 2025, Sunpine supplied 1,770,970 kWh of district heating to PiteEnergi.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Kraton Corporation: Global specialty chemical company producing tall oil-based products including rosin, terpene, and pitch derivatives. Kraton competes directly with Sunpine's rosin and alpha-pinene product lines for the same specialty chemical customers in adhesives, tackifiers, and coatings.
• UPM Biofuels: UPM Biofuels is the only other major commercial producer of advanced biofuels from crude tall oil (UPM BioVerno diesel at the Lappeenranta biorefinery). Direct feedstock and end-market overlap with Sunpine, and UPM is both a pulp major and a competing CTO refiner—making it Sunpine's closest peer and competitor.
• Lawter: Specialty chemicals producer of rosin-based resins and tackifiers (formerly a Sunpine co-owner from 2014–2026). Direct overlap with Sunpine's rosin and terpene derivatives product family in the adhesives and inks markets.

Regional players

• Eco经营/Biofuels Energy (Diamond Green Diesel): Diamond Green Diesel (joint venture of Darling Ingredients and Valero) is the largest North American renewable diesel producer using waste fats/oils. Comparable in scale and product category (HVO/renewable diesel from residual feedstocks) but operates in a different geography with different feedstock mix.
• UPM-Kymmene: Finnish pulp and paper major and parent of UPM Biofuels. UPM is both a critical CTO feedstock producer and a competing biofuel refiner in the Nordic region, making it a vertically adjacent peer with deep strategic overlap.
• St1: Nordic energy company producing advanced ethanol and renewable diesel from waste-based feedstocks. Operates primarily in Finland and the Nordics with comparable focus on advanced biofuels from residues, competing for similar Nordic/European customers and feedstock supply.

Broad incumbents

• Neste: Global leader in renewable diesel (Neste MY) and sustainable aviation fuel, using waste and residue feedstocks. While Neste does not focus on crude tall oil specifically, it is the dominant European HVO/SAF producer and a major buyer of advanced feedstock—competing with Sunpine's downstream customers for share of the European renewable diesel market.
• TotalEnergies ( biofuels division): TotalEnergies is a major European refiner investing heavily in biofuels, SAF, and renewable diesel capacity. As an integrated oil major building advanced biofuel capacity, it competes for the same European renewable diesel demand that Sunpine's feedstock ultimately serves.

Others

• Södra Skogsägarna: Major Swedish pulp producer and former 25% owner of Sunpine. Södra is a key upstream supplier of crude tall oil from its pulp mills and was historically both a feedstock partner and co-owner of Sunpine, making it a critical adjacent player in Sunpine's value chain.

Emerging players

• SkyNRG: Specialist sustainable aviation fuel producer focused on SAF market development and project financing. Comparable in that it addresses the same ReFuelEU Aviation-driven SAF demand Sunpine's Raw Tall Diesel targets, though SkyNRG is a downstream SAF aggregator/producer rather than a feedstock refiner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Sunpine-106645398605527

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sunpine