VAROPreem Acquires Sunpine

Sunpine’s shareholder VAROPreem Sverige AB has entered into an agreement to acquire all shares in Sunpine from the remaining current shareholders – Sveaskogs Förvaltning AB, Södra Skogsägarna ekonomisk förening and Lawter B.W. The transaction creates significant potential synergies between two key players in the European market for fossil-free transport fuels.

“Over the past 20 years, Sunpine has built a state-of-the-art production facility, developed patented technology and established an organisation that demonstrates how sustainability and profitability can go hand in hand. Our current ownership structure has successfully supported Sunpine’s development, and we now look forward to continued growth together with new strong owners – with the long-term objective of increasing the share of renewable fuels in the transport sector,” says David Öquist, CEO of Sunpine.

Sunpine is the world’s largest producer of Raw Tall Diesel, an advanced biofuel feedstock made from by-products of the pulp and paper industry. Raw Tall Diesel can be further refined into renewable diesel such as HVO. VAROPreem is Europe’s second largest and the world’s sixth largest producer of renewable transport fuels. The two companies therefore play important roles at different levels of the value chain.

“Sunpine is a profitable and very well-managed company positioned at the heart of the energy transition, and is an important contributor to Sweden’s and Europe’s fossil-free energy supply. They have built a corporate structure, a value chain and a brand that enable sustainable and profitable growth. With VAROPreem as owner, I see strong opportunities for Sunpine to continue that growth,” says Martin Forsén, Chairman of the Board of Sunpine.

The transaction is subject to customary regulatory approvals and is expected to be completed during the first half of 2026. David Öquist views the deal as a confirmation of Sunpine’s efforts and the increasing interest in sustainable transport solutions.

“Sunpine’s vision is ‘Fueling a better future’. Over the past two decades, we have built a strong reputation and credibility among customers and decision-makers in Sweden and across Europe in these matters. This transaction is a testament to that work, and together with VAROPreem, I look forward to continuing our growth journey.”