The move comes following the commissioning of the company’s own biorefinery in Oulu, Finland.

Chempolis 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.

The company claims that its 3G formico biorefining technologies – formicofib and formicobio – provide cost-effective solutions for the biomass, paper, biofuel and chemical industries to refine biomass into high-quality products while minimizing environmental impact.

The formicofib technology converts non-wood raw materials into papermaking fibre for paper and board, packaging, and hygiene products, while formicobio processes non-food raw materials into cellulosic ethanol.