Inside information: Solar Foods Oyj updates operating model of Factory 02 and specifies financing needs

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Solar Foods Oyj, inside information, 14 October 2025, at 20:20 EESTInside information: Solar Foods Oyj updates operating model of Factory 02 and specifies financing needsSolar Foods Oyj ("Solar Foods" or "the company") has decided to proceed with the pre-engineering and implementation of the Factory 02 production facility with a network of strategic partners. This allows the company to focus more strongly on developing its core technology – gas fermentation – and related biology, as well as on the global commercialisation of Solein®. Utilising strategic partners would significantly reduce the company's financing needs for the implementation of Factory 02 and potentially other future production facilities.In the chosen model, strategic partner companies would be responsible for the implementation, operation, and maintenance of agreed sub-entities of Factory 02. The company aims to select 2–3 strategic partners who would be responsible for, e.g., Factory 02’s real estate, hydrogen production, electricity grids, and cooling and heating capacity.," says , CFO of Solar Foods. "We have explored various options and found leading partners in their respective fields to implement Factory 02. Utilising partners would facilitate the company's capital acquisition, and at the same time, the return on invested capital would significantly improve Ilkka SauraThe construction of Factory 02 is planned to be carried out in three phases. The design capacity of the first phase is 3.2 kilotons per year and the total investment is estimated to be EUR 134 million, of which the share of strategic partners is approximately EUR 95 million. After this, the production plant is planned to be expanded in a second phase to a design capacity of 6.4 annual kilotons, which means a total investment of EUR 182 million, of which the share of strategic partners is approximately EUR 127 million. A potential third phase will increase capacity to 12.8 kilotons per year. The presented production volumes are based on already achieved production parameters.The company has agreed with the city of Lappeenranta on the reservation of a plot in Selkäharju for a preliminary study related to the construction of a production facility. The Selkäharju plot would allow for the construction of a total of three production facilities in the same location. The company also sees opportunities for future factory proj...

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