Gasum buys Swedish biogas upgrading company
SUMMARY
Liquidgas Biofuel Genesis owns and operates a biogas upgrading plant in Helsinborg, southern Sweden. [Image: Gasum]
By Shardul SharmaPOSTED IN:
Nordic energy company Gasum has acquired a two-thirds stake in Swedish company Liquidgas Biofuel Genesis to expand its biogas portfolio, it announced on July 7.
Liquidgas Biofuel Genesis owns and operates a biogas upgrading plant in Helsinborg, southern Sweden. The remaining one-third of the shares is owned by Nordvästra Skånes Renhållningsbolag (NSR), the regional waste management company.
NSR leases a biogas plant to Biond, which produces raw biogas from biodegradable waste collected from households and industries. The raw biogas is then sold to Liquidgas Biofuel Genesis for upgrading.
The Helsinborg plant currently produces approximately 80 GWh/year of upgraded biogas, which is distributed through the local filling stations via a low-pressure grid. Gasum said it plans to explore the possibility of liquefying the gas on-site in the future.
"Interest in biogas is constantly growing as more and more transport and logistics operators as well as industry actors realize its potential to reduce emissions right now instead of in ten years’ time. The Helsingborg upgrading operation is a great addition to the Gasum biogas portfolio in Sweden, where we are also investing heavily in greenfield biogas plant projects in coming years,” said Mika Wiljanen, CEO of Gasum.
Gasum aims to bring 7 TWh of renewable gas to the market annually by 2027, contributing to a cumulative reduction of 1.8mn metric tons/year of carbon dioxide emissions.
Gasum is currently constructing its first large biogas plant in Götene, Sweden, as part of its efforts to increase biogas production and collaborate with trusted partners.
