About Baltania

Baltania is a Tallinn based company which was founded in 2012 and focuses on bio energy production. Since 2014 Baltania has been developing pellet mill investments and was granted the NER300 grant by the European Union.

Momentum Capital became the sole shareholder in spring 2017 and has continued developing the business. Baltania is one of its portfolio companies focusing on the development of sustainable energy.

Baltania is focused on operating in an environmentally friendly way and ensures a low impact on nature throughout the supply chain as well as during the production process. Forest management is essential in order to operate sustainably and maintain vital ecosystems within nature.

Baltania ensures to process biomass collected from sustainably managed forests which include; bark, harvesting residues, firewood, by-products and pulpwood / pulpwood chips.

Our Operations and Engineering team work in shifts to process sustainably sourced biomass into biocoal products.

Our Operations and Engineering team work in shifts to process sustainably sourced biomass into biocoal products. They have been extensively trained to become competent torrefaction plant operators who work in multiple small teams with the goal of maximizing safe production.

Rene Buwalda

Rene Buwalda is a CEO with a broad technical background. His career started over 25 years ago in the power generation sector. Rene worked in senior positions in engineering and production facilities and later as a senior project manager and project director in several complex international biomass projects.

Rene is a natural leader in multidisciplinary teams and he uses his strategic thinking to engage with partners to realize successful and ambitious projects.

Stuart Paskett
Head of Commercial

Stuart began his career in the US analyzing high-yield and distressed industrial credits before joining the portfolio management team of Climate Change Capital. He was part of the portfolio management team responsible for raising Climate Change Capital’s $1 billion carbon fund. After deploying the fund’s capital across a portfolio of more than 50 carbon mitigation projects, mainly focused on Asia, Stuart assumed responsibility for commissioning carbon mitigation projects in Central Asia. Stuart is proficient in Mandarin Chinese.

Stuart has a proven ability to bridge financial and engineering mindsets. In addition to financial and project management experience, Stuart has consulted on technical mine design and mining feasibility studies. He has a degree from Wharton and an engineering degree from the University of Exeter.

Martijn van Boxel
Manager Finance & Control

Martijn has developed over 15 years of experience in several finance and business control roles within the telecommunications, media and cable industry with NBCUniversal and Liberty Global.

He is a strong manager and finance professional with experience in business process and analysis, business strategy, process improvement, mergers & acquisitions and financial modeling. 

He is highly experienced in bridging business with finance and oversees the business and financial operations of Baltania and shares responsibility for Baltania’s economic and financial performance. He has a MSc in Econometrics from the University of Amsterdam and a MBA from the Amsterdam Business School.

Toomas Mälberg
Chairman of the Council

Toomas Mälberg has nearly 25 years of legal experience. He specializes in different aspects of business law, advising clients on mergers, acquisitions and transfer operations.

Furthermore, he focuses on real estate, energy and infrastructure construction. He has extensive experience and broad knowledge in Mergers and Acquisitions matters and advised numerous acquisition transactions.

Kevin Ho
Member of the Board

Kevin Ho started more than 20 years ago and worked in financial positions with a focus on tax, legal, economic business, and compliance issues. He has experience in Mergers and Acquisitions (M&A), restructuring of processes such as tax and legal processes, changes in legislation and regulations, and organization as well as reorganization. He has worked with companies such as KPN/Getronics, Cap Gemini, Visma/Raet, amongst others.

He serves on several boards in the Investment, Energy and Leisure industry.