Adamant Group acquires majority stake in Milan biorefinery

Adamant Group announced Jan. 27 the acquisition of a majority stake in a biorefinery located in the Milan area of Italy, strengthening its industrial footprint in the biofuels sector and in the upgrading of renewable, advanced and circular feedstocks.

The transaction includes, as partners, SAAR Depositi Portuali, a leading port operator with coastal terminals in the ports of Genoa and Vado Ligure, offering total storage capacity of over 350,000 cubic meters, and Medara Trading, a trading company active primarily in the European market focusing on advanced feedstocks, finished biofuels and related products for renewable energy markets.

The goal, according to Adamant Group, is to develop an efficient and scalable industrial platform capable of supporting the market with high operational and quality standards.

The plant, whose newly acquired operating company has been named Xanthos S.r.l., has a refining capacity of approximately 8,000 metric tons per month and is configured to perform several industrial processes, including:

• Glycerolysis.

• Acid Washing.

• Filtration.

• Physical distillation.

This technical setup provides high operational flexibility and broad adaptability to different processing requirements and product-quality specifications.

The feedstocks to be processed at the biorefinery will be certified sustainable and derived mainly from residues and byproducts, ensuring full supply-chain circularity and CO2 savings, compared to the respective fossil alternatives, of more than 80 percent.

The refined oils produced by Xanthos will serve multiple end markets:

• Coprocessing in petroleum refineries.

• Bio-bunker for both Mediterranean and Northern European markets.

• The production of renewable diesel and advanced biodiesel.

“This acquisition represents a further step in Adamant Group’s growth strategy and in building an industrial base capable of integrating technical expertise, sourcing and logistics,” said Riccardo Marchetti, CEO of Adamant Group. “The partnership with SAAR Depositi Portuali and Medara Trading consolidates an industrial ecosystem focused on performance, reliability and long-term development.”

Adamant Group said in the coming months it will work with its partners to fully enhance the asset with a focus on operational optimization, process efficiency, automation and commercial development.

The plant start-up is scheduled for March.