Biorefinery – Est-For Invest



  • Margus Kohava

    Margus Kohava

    Margus Kohava has held several managerial positions in different forest and timber industry companies including United Loggers, Sylvester, Imavere Saw Mill, Stora Enso, Estonian Cell and Combimill. He was a member of the launching team of Estonian Cell's pulp mill in Kunda, Estonia. Margus holds a Master's Degree in forestry management from Estonian University of Life Sciences. He speaks Estonian, English, Russian and Finnish.

  • Aadu Polli

    Aadu Polli

    Aadu Polli has been involved in the forestry sector since 2000. Aadu has extensive managerial experience both locally and internationally having worked in Stora Enso's Saw Mills in Estonia and Lithuania. He also served as the Industrial Director of the Norwegian company Green Resources in East Africa. Aadu holds a BA degree in economics from Tartu University and Global Executive MBA degree from IESE Business School - University of Navarra, Spain. He speaks Estonian, English and Finnish.


The investors that initiated the biorefinery project, represent 100 per cent Estonian capital, and they have long-term forestry and wood industry experience.

The investors of the planned biorefinery project include Aimar Varula, Arvo Türner, Heiki Vahermets, Peedo Pihlak, Toomas Mets and Virko Lepmets (OÜ Combiwood), Peeter Mänd (Ivard OÜ), Kaido Jõeleht (Kaamos Group), Jüri Külvik (Lemeks Grupp), Mati Polli (Tristafan OÜ) and Tiit Nilson (Woodwell).

In the later stage in case of a positive investment decision, investors plan to engage a financial investor and/or strategic investor. Considering the volume of construction works, it is expected to have a foreign and local construction companies to form a consortium for carrying out the civil construction works.


The advisors of the project include the international biorefinery expert Daniel Paalsson, the consultant of macroeconomic topics professor Urmas Varblane, law office Raidla Ellex, Estonian Center for Applied Research CentAR and Communication Consultancy JLP.