Fintoil Oy
Fintoil Oy is a Finnish biorefinery that uses NEXPINUS™-enabled vacuum distillation to refine Crude Tall Oil into biobased fatty acids, rosin, turpentine, and pitch at its 200,000-ton Hamina plant, supplying renewable feedstocks to HVO diesel, chemical, and pharmaceutical customers worldwide.
- Company typePrivate
- Founded2017
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Fintoil Oy does
Fintoil Oy is a Finnish biorefinery company founded in 2017 that operates a single integrated production facility in Hamina, at the port of HaminaKotka. The company refines Crude Tall Oil (CTO), a by-product of the Nordic kraft pulping process, into four product families — FinFA (Crude Fatty Acid, Tall Oil Fatty Acid, and Distilled Tall Oil), FinTOR (Tall Oil Rosin), FinTUR (Raw Pine Turpentine), and FinTOP (Tall Oil Pitch) — using a vacuum fractional distillation process enabled by NEXPINUS™ technology licensed from Neste Engineering Solutions, which delivers 40% lower energy consumption versus conventional tall oil refineries. With 200,000 tons of annual processing capacity, Fintoil is the third largest Crude Tall Oil refinery globally.
The company sells these biobased raw materials into renewable HVO diesel, oleochemicals, lubricants, mining flotation, alkyd coatings, adhesives, paving/roofing, cosmetics, aromatics, and pharmaceutical applications. Fintoil operates a direct enterprise B2B sales model with dedicated sales directors for biochemicals and biofuels, and ships product globally from Hamina. Products are ISCC EU and ISCC PLUS certified, qualifying under the EU Renewable Energy Directive (RED II) and US Renewable Fuel Standard (RFS), and the company holds ISO 9001, 14001, and 45001 certifications alongside EcoVadis Silver (2025) and third-party verified Environmental Product Declarations for FinTOR and FinTOP.
Fintoil generates revenue through transaction-based B2B sales of its refined product fractions. Reported revenue reached EUR 149 million for the 12 months ending March 2026 (up from EUR 96M in 2024 and EUR 138M in 2025), with EUR 9 million TTM EBITDA. The company is privately held, anchored by Taaleri with HitecVision joining in 2026 via a EUR 105 million growth round, alongside an earlier EUR 130 million financing package (EUR 70M green senior bond, EUR 40M preferred equity, EUR 11M equity) that funded the Hamina build, and is targeting approximately 20% EBITDA margin by 2030.
Fintoil Oy firmographics
Firmographics- Name
- Fintoil Oy
- Legal name
- Fintoil Hamina Oy
- Website
- https://fintoil.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fintoil Oy is a Finnish biorefinery that uses NEXPINUS™-enabled vacuum distillation to refine Crude Tall Oil into biobased fatty acids, rosin, turpentine, and pitch at its 200,000-ton Hamina plant, supplying renewable feedstocks to HVO diesel, chemical, and pharmaceutical customers worldwide.
- Ownership category
- akta.pro rank
Fintoil Oy industry classification
Industry- Product category
- Renewable biochemicals and biofuel feedstocks (tall oil refining)
- NAICS
- Fats and Oils Refining and Blending (311225), Petrochemical Manufacturing (325110)
- SIC
- Fats & Oils (2070)
- akta.pro primary industry
- Conversion Refineries (FCC/Hydrocracking/Coking) (EUALAGAB)
Keywords
Where Fintoil Oy is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices3 records
Markets served
Fintoil Oy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Revenue model
- Crude Tall Oil Product Sales: Fintoil generates revenue by refining Crude Tall Oil (CTO), a by-product of the kraft pulping process, into multiple product fractions: Crude Fatty Acid (CFA), Tall Oil Fatty Acid (TOFA), Distilled Tall Oil (DTO), Tall Oil Rosin (TOR), Crude Sulphate Turpentine (CST), and Tall Oil Pitch (TOP). These products are sold to various industries including biofuel producers, chemical industry, food industry, pharmaceutical industry, cosmetics, and aromatics.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Fintoil Oy product offering
Product offeringCore offering
Fintoil operates the Hamina biorefinery in Finland, where it refines Crude Tall Oil (CTO) — a by-product of the kraft pulping process — through vacuum fractional distillation into four product families: FinFA (fatty acids and distilled tall oils), FinTOR (tall oil rosin), FinTUR (raw pine turpentine), and FinTOP (tall oil pitch). These renewable, ISCC-certified biochemicals and biofuel feedstocks are sold to industrial customers in the biofuel, chemical, food, pharmaceutical, cosmetics, aromatics, mining, paving and roofing industries globally. Annual processing capacity is 200,000 tons of CTO, making Fintoil the third-largest crude tall oil refinery in the world.
Product overview
Fintoil is a biorefinery company that operates as a single unified production facility in Hamina, Finland. The company refines Crude Tall Oil (CTO), a by-product of the kraft pulping process, into four main product families: FinFA (fatty acids and distilled tall oils including CFA, TOFA, and DTO), FinTOR (tall oil rosin), FinTUR (raw pine turpentine), and FinTOP (tall oil pitch). These products serve as renewable raw materials for biofuels, adhesives, printing inks, paper sizing, synthetic rubber, cosmetics, food, aromatics, and pharmaceutical applications. The products are derived from Finnish evergreen trees and represent a complete circular economy approach with no waste.
Differentiator
Problem solved
Functional benefit
Brands
- FinFA: Fatty acids and distilled tall oils product family including Crude Fatty Acid (CFA), Tall Oil Fatty Acid (TOFA), and Distilled Tall Oil (DTO). Used for renewable biofuels, lubricants, and mining flotation reagents.
- FinTOR
- FinTUR
- FinTOP
Products and services
- FinFA – Fatty Acids and Distilled Tall Oils Product family comprising Crude Fatty Acid (CFA), Tall Oil Fatty Acid (TOFA), and Distilled Tall Oil (DTO) — sold to renewable HVO diesel producers (main ingredient for second-generation biodiesel), oil-field chemical and lubricant manufacturers, and mining flotation-reagent producers.
- FinTOR – Tall Oil Rosin Vacuum-distilled tall oil rosin containing resin acids (abietic, dehydroabietic, palustric, neoabietic, isopimaric) and approximately 3% unsaponifiable ingredients. Sold to alkyd-resin coating producers, printing-ink binder manufacturers, paper-sizing chemical producers, synthetic-rubber makers, and adhesive manufacturers.
- FinTUR – Raw Pine Turpentine (Crude Sulphate Turpentine) Raw pine turpentine (Crude Sulphate Turpentine, CST) sold to cosmetics manufacturers, food-flavor producers, and aromatic-compound manufacturers as a renewable raw material for fragrances and cleaning products.
- FinTOP – Tall Oil Pitch Sustainable, low-sulfur biobased pitch used as a replacement for fossil fuel oils in paving and roofing applications, with a sterol-rich variant available for foodstuffs, dietary supplements, cosmetics, and pharmaceutical manufacturers.
Quantifiable outcome
- Up to 90% carbon footprint reduction compared to fossil alternatives
- +3 more outcomes
Companies that use Fintoil Oy
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Fintoil Oy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Fintoil Oy partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Traficom and John Nurminen FoundationminorFinnish government and foundation collaboration to prevent crude tall oil tank wash waters from entering the Baltic Sea. Fintoil committed to responsible handling of tank wash water on land, ensuring no crude tall oil discharges from tankers unloading in Finnish ports reach the Baltic Sea.
- GreenstepminorConsulting partner that supported Fintoil in obtaining Environmental Product Declarations (EPD) for FinTOR and FinTOP products. Provided assistance with life cycle analysis and third-party verified EPD process.
- Neste Engineering SolutionscoreLicensed provider of NEXPINUS™ patented technology used in Fintoil's biorefinery. The technology enables 40 percent lower energy consumption compared to traditional tall oil refinery processes.
Scale indicators11 records
Recent moves9 records
Expansion highlights5 records
Fintoil Oy competitors and assessment
Company assessmentDirect peers
- SunPine AB: Swedish tall oil refiner producing crude tall oil, tall oil diesel (TDO), and rosin. Direct CTO competitor serving the HVO diesel feedstock market.
- Kraton Corporation: Global pine chemicals specialist producing tall oil fatty acids, rosin, and terpene derivatives. Comparable in product mix, end markets (adhesives, lubricants, fuel additives), and renewable-feedstock positioning.
- Borregaard ASA: Norwegian biorefinery operating wood-based biorefining including lignin, vanillin, and tall oil/pine chemistry streams. Comparable as a Nordic biorefinery converting pulp by-products into specialty biochemicals.
- Forchem Oy: Finnish tall oil refiner producing fatty acids, rosin, and pitch — almost identical product slate and customer base to Fintoil, located in Rauma, Finland. Most directly comparable peer in CTO refining.
- Ingevity Corporation: U.S.-based specialty chemicals company with a Performance Chemicals segment producing tall oil-based products including fatty acids, rosin, and derivatives for similar industrial and biofuel end markets.
Broad incumbents
- Stora Enso Oyj: Major Nordic pulp and paper producer and the type of customer that supplies crude tall oil as a kraft pulping byproduct. Comparable vertically with respect to the pulp-CTO-feedstock chain, though its core business is pulp/paperboard.
- Neste Oyj: World's largest producer of renewable diesel from waste and residues (HVO). Buys FinFA as feedstock and licenses NEXPINUS™ technology to Fintoil — both customer and licensor relationship makes it a key strategic counterparty.
- UPM Biofuels: Producer of renewable diesel, naphtha, and bio-based MEG from tall oil and other residues via the Lappeenranta biorefinery. Competes for tall oil feedstock and operates a parallel business model in Nordic biofuels.
- Eastman Chemical Company: U.S. specialty chemicals company with a pine chemicals/tall oil derivative business (Eastman™ products) serving adhesives, coatings, and plastics end markets. Comparable in serving similar downstream applications.
- Synthomer plc: U.K.-headquartered specialty chemicals company with a Coatings & Adhesives segment using rosin and tall oil derivatives. Comparable in serving coatings, adhesives, and rubber end markets with bio-based chemistry.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Fintoil Oy social profiles
Digital presenceFintoil Oy compliance and trust
Trust signalCompliance8 records
Fintoil Oy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fintoil Oy leadership team
Management profileNumber of profiles
Profiles15 records
Fintoil Oy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fintoil Oy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fintoil Oy
What does Fintoil Oy do?
Fintoil operates the Hamina biorefinery in Finland, where it refines Crude Tall Oil (CTO) — a by-product of the kraft pulping process — through vacuum fractional distillation into four product families: FinFA (fatty acids and distilled tall oils), FinTOR (tall oil rosin), FinTUR (raw pine turpentine), and FinTOP (tall oil pitch). These renewable, ISCC-certified biochemicals and biofuel feedstocks are sold to industrial customers in the biofuel, chemical, food, pharmaceutical, cosmetics, aromatics, mining, paving and roofing industries globally. Annual processing capacity is 200,000 tons of CTO, making Fintoil the third-largest crude tall oil refinery in the world.
Is Fintoil Oy a public or private company?
Fintoil Oy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fintoil Oy founded?
Fintoil Oy was founded in 2017. It employs 11 to 50 people.
Where is Fintoil Oy based?
Fintoil Oy is headquartered in Helsinki, Finland, in the Europe region.
How does Fintoil Oy make money?
One revenue line is on record: crude Tall Oil Product Sales.
Who are Fintoil Oy's main competitors?
Direct peers on record are SunPine AB, Kraton Corporation, Borregaard ASA, Forchem Oy and Ingevity Corporation. Broad incumbents are Stora Enso Oyj, Neste Oyj, UPM Biofuels, Eastman Chemical Company and Synthomer plc.
Does Fintoil Oy have an API?
No public API is recorded for Fintoil Oy.
What industry is Fintoil Oy in?
Fintoil Oy's product category is Renewable biochemicals and biofuel feedstocks (tall oil refining). Its primary akta.pro industry code is EUALAGAB, Conversion Refineries (FCC/Hydrocracking/Coking). Its NAICS code is 311225 and its SIC code is 2070.