Deals Counterparts

Preem

company 1 Deal 1 Partner

Preem is Sweden's largest fuel company, operating two refineries and a nationwide network of approximately 500 filling stations. The company is a major producer of conventional and renewable fuels, with a strategic focus on transitioning towards sustainable production and reducing climate impact through significant investments in biofuel and hydrogen technologies.

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Founded 1978 1,500 employees Parent: Corral Petroleum Holdings AB
Refining CompanyOperatorDeveloperOfftaker

Strategic Overview

  • Preem aims to become the leading company in Sweden for the production of renewable fuels.
  • The company has a clear strategy to transition from fossil-based to renewable and circular production by 2035.
  • Significant investments are focused on converting existing refinery capacity for biofuel production and exploring new technologies like green hydrogen.

Deal Activity from Public Sources

Preem's Project BioSync for the conversion of Lysekil refinery to produce 2.5 million cubic meters of renewable fuels annually
Development Biofuels, Oil & Gas Sweden June 2023 2.5 units
Preem receives €105 million in EU Innovation Fund grant for Project BioSync
Financing Biofuels, Oil & Gas Sweden June 2023 with EU Innovation Fund
Preem investigates large-scale fossil-free hydrogen production at Lysekil refinery
Development Green Hydrogen Sweden 2024

Investment Focus

Technologies
Biomass1
Geography
Norway1

Key People

Magnus Boström
CEO (acting)
Helena Bergstrand
CFO

Track Record

3
Deals Completed
46
Years Active
Notable projects: Project BioSync (Lysekil refinery conversion), Investigation for large-scale fossil-free hydrogen production (Lysekil)

Detailed Analysis

Technologies
Oil & GasBiofuels (2 deals)Green Hydrogen (1 deal)EV Charging
Sectors
Energy Transition (2 deals)Transport
Geographies
Sweden (3 deals)
Deal Stage
GreenfieldBrownfieldOperating
Track Preem