Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. With core operations in 10 countries, Fortum employs ca. 9,000 professionals. Fortum's key markets are the Nordic and Baltic countries, Russia, Poland, and India. Fortum's organisation consists of four business divisions: Generation, City Solutions, Consumer Solutions and Russia. Fortum has 128 hydro power plants as well as 26 combined heat and power (CHP), condensing and nuclear power plants. Globally, the company supplies heat in 22 cities and towns and has five main waste treatment facilities. In 2017, sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki. At the end of 2017, the Finnish State owned 50.76% of the company's shares.
Fortum's updated strategy includes a series of actions and restructuring to broaden the use of recycled and bio-based raw materials. Bio2X program represents the largest growth platform for biomass valorization at Fortum, where the environmental and climate sustainability megatrends are combined with resource efficient new technologies.
Today, Fortum is a clean-energy and circular economy company offering solutions in electricity, heating, cooling, waste management and recycling. Fortum is further developing its businesses towards becoming a multi-product utility: in future, Fortum's core will not only base on sustainable energy solutions but increasingly on valorization of sustainable biomasses to high value products. Fortum's Bio2X program has been established for taking forth Fortum's goals in biomass valorization. Lignocellulosic biomass, such as wood and agricultural residues, will be fractionated to high-quality cellulose, hemicellulose and lignin fractions, and further refined to e.g. textiles, industrial dispersions, and ingredients for consumer goods. Fortum's vision in biomass utilization is to be one of the leading bio-product suppliers, and to implement this in collaboration with SME's, startups, industry, R&D institutes and customers.