PEARL Infrastructure Capital II acquires majority stake in Arbaflame
Type: Acquisition · Technology: Biomass · Country: Norway/Finland · Announced: 2026-09-30
PEARL Infrastructure Capital II acquired a majority stake in Arbaflame, according to the article published on 2026-09-30. The transaction links PEARL Infrastructure Capital II with Arbaflame as Arbaflame plans to expand production of steam-treated black pellets (biocoal) leveraging its ArbaOne technology near Kongsvinger, Norway. Arbaflame signed a preliminary site reservation agreement with the City of Haapajärvi for the Halla Bio-industry Park in Haapajärvi, Finland, where it intends to build what it calls Europe’s largest steam-treated black pellet plant, targeting construction start in early 2028 and production in 2029. The deal supports Arbaflame’s first planned facility outside Norway and is positioned to supply hard-to-abate industries including cement, lime and asphalt with ArbaCore biocoal produced from forest by-products in North Ostrobothnia. No transaction value or financing terms were disclosed in the article.
Counterparties
- Arbaflame (Seller)
- PEARL Infrastructure Capital II (Buyer)
- ArbaOne (Partner)
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