In Sweden, 1Vision Biogas AB has announced that it will be changing its name to St1 Biokraft AB. This development follows the successful integration of St1 Nordic Oy’s biogas assets and Biokraft International AB, solidifying the company’s ambition to become a leading biogas player in the Nordic region.
St1 Biokraft is a joint venture between energy company St1, private equity firm HitecVision, and renewable energy company Aneo. This collaboration brings together strong expertise in energy transition, combining the strengths of each partner to create a leading biogas platform in the Nordics.
Earlier this year, the joint venture acquired 100 percent ownership of Biokraft International AB, the leading producer of liquified biomethane (bioLNG) in the Nordic region.
In September 2024, it announced the closing of the acquisition of St1 Nordic Oy’s biogas assets, in preparation for the launch of the new organization, the joint venture operates under the interim name 1Vision Biogas.
The new organization is ready to start functioning as one company at the beginning of November, under the name St1 Biokraft AB.
We are excited to continue to build on the robust foundation and opportunities this integration offers. The new name, St1 Biokraft, represents the integration of two strong, complementary entities into a single brand and company, driven by the ambition to become the leading biogas player in the Nordics. We want to continue building strong relationships with our customers and stakeholders, ensuring that we provide sustainable energy solutions that meet their needs, said Miika Johansson, the new CEO of St1 Biokraft.
Committing EUR 1 billion in new investments
St1 Biokraft will continue to operate the entire biogas value chain, from feedstock sourcing to sales and distribution, with a strong focus on liquified biomethane as a key growth opportunity within the energy transition.
The company aims to achieve 3 TWh biomethane, aka renewable natural gas (RNG) production and 6 TWh biomethane sales by 2030, targeting heavy transportation, maritime, and industrial applications.
To achieve its goals, St1 Biokraft is committed to investing more than EUR 1 billion in biogas production and distribution networks in the Nordics.
St1 Biokraft has a strong upstream asset base, with 12 biogas production- and upgrading plants in Sweden and Norway as well as a logistics company.
It also has a network of compressed- and liquified biomethane stations and bus depot refueling points.
The current production capacity of St1 Biokraft is over 550 GWh, and the combined sales of biomethane are approximately 1 TWh.
The company owns 50 percent of the shares in Suomen Lantakaasu Oy and supports its goal to produce 1 TWh of liquefied biomethane in Finland by 2030. In addition, St1 Biokraft has several biogas growth projects in Sweden, Norway, and Finland.
St1’s strong sales organization and network will continue the distribution of St1 Biokraft’s products. In Sweden, St1 is already a leading biomethane provider for the road transport segment.
