VAROPreem completes Sunpine acquisition – boosting Europe’s renewable fuels supply chain

VAROPreem has finalised its 100% acquisition of Sunpine, the world’s largest Raw Tall Oil (RTO) biorefinery, strengthening Europe’s access to high‑quality renewable feedstocks for advanced biofuels including HVO and SAF.

The business will operate as VAROPreem Sunpine, integrating Sunpine’s proprietary technology and industrial scale with VAROPreem’s expanding renewable fuels operations across Europe.

Located in Piteå, Sweden, VAROPreem Sunpine processes around 400,000 tonnes of RTO annually, using technology developed over nearly two decades. Its ISCC‑certified feedstock delivers up to 99.7% greenhouse gas savings compared with fossil fuels and is derived from forestry residues, avoiding competition with food production or agricultural land.

Full ownership secures VAROPreem long‑term access to a scarce, traceable raw material while enhancing optimisation across its refining, trading and logistics network. The acquisition comes as Europe accelerates deployment of advanced biofuels under RED III, ReFuelEU Aviation and FuelEU Maritime.

VAROPreem Sunpine’s feedstock is refined into HVO and SAF at VAROPreem facilities, supporting the company’s strategy to supply both conventional and renewable energies to mobility and industrial customers. Surplus heat from the Piteå plant is used in district heating, further improving sustainability and supply resilience.

VAROPreem plans continued investment to expand flexibility and future growth.

Dev Sanyal, Group CEO of VAROPreem, said: “Sunpine has built one of Europe’s most distinctive renewable fuels businesses. This acquisition strengthens a strategic value chain and reinforces VAROPreem’s position in Europe’s energy transition.”

David Öquist, CEO of Sunpine, added: “Joining VAROPreem opens a new chapter. Together we can build on Sunpine’s strong foundations and bring our technology to a wider market.”