Nordic energy company Gasum is expanding its biogas portfolio by acquiring two thirds of the shares in Swedish company Liquidgas Biofuel Genesis AB. Liquidgas Biofuel Genesis owns and operates a biogas upgrading plant in the city of Helsinborg in southern Sweden.
The plant’s other owner with one third of the shares is Nordvästra Skånes Renhållningsbolag AB (NSR), the regional waste management company.
NSR has leased a biogas plant to Biond AB who produces raw biogas from the biodegradable waste it collects from households and industries in the area and then the raw biogas is sold to Liquidgas Biofuel Genesis for upgrading.
”This acquisition is another important step on the path to implementing our strategy of bringing more renewable gas to the Nordic market. 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”, notes Mika Wiljanen, CEO of Gasum.
This move to buy shares in the Swedish company is part of Gasum’s strategy to bring seven terawatt hours of renewable gas to market yearly by 2027. Gasum expects to achieve this by increasing its own biogas production as well as sourcing from trusted partners.
Achieving the 7 TWh goal would mean a cumulative carbon dioxide reduction of 1.8 million tons per year for Gasum’s customers, as the company claims.
It’s worth mentioning that Gasum is currently constructing the first of five large new biogas plants in Götene, Sweden.
