ProPellet

Founded in 2006, ProPellet is a Finnish heat-as-a-service (“HaaS”) operator and a bioenergy producer. The company provides its customers with property-specific heating plants as a service, with a portfolio of over 120 heating sites across Finland. In addition, the company operates its own pellet fuel production facilities in Ylivieska and Tervola, which utilise side streams from the forestry and sawmill industries. ProPellet’s business has experienced strong growth in recent years, particularly due to the ongoing transition from oil-based heating to biofuels. CapMan Infra aims to support the company’s growth by financing investments in the HaaS operations and expansion into new customer groups and energy technologies.