In Italy, energy, water, and waste management group A2A S.p.A., and compatriot BTS Biogas GmbH, a wholly-owned biogas technology subsidiary of US-headed Bioenergy Development Company (Bioenergy DevCo - BDC) have signed a Letter of Intent (LoI)aimed at defining a joint venture with the objective of constructing new biogas plants and reconverting existing infrastructures that will be powered by organic waste.
According to a statement, the agreement provides for equal participation of A2A and BTS Biogas both in terms of investment and management aspects.
For A2A, led by CEO Renato Mazzoncini, this initiative is in line with its business plan up to 2030, focused on energy transition and the circular economy.
We believe that this agreement with BTS Biogas can give a significant boost to the biogas and biomethane industry and a real contribution to the development of the circular economy through the production of energy from waste from the agro-food sector, said Stefano Granella, Head of Strategy & Growth at A2A.
Biomethane, aka renewable natural gas (RNG), is seen by A2A as one of the key factors for growth in the bioenergy sector, strategic for the contribution that the Group wants to provide for the country’s sustainable development and decarbonization.
This type of renewable energy can play a fundamental role both in achieving the European decarbonization objectives and in increasing national gas supplies. This is also why A2A’s business plan envisages the development of bioenergy through the conversion of existing plants, M&A, and “greenfield” operations with the construction of new dedicated infrastructures, Stefano Granella said.
The launch of the partnership is subject to a series of preliminary conditions that are customary for this type of agreement.
We are proud to join forces with A2A to develop and construct biomethane plants in the coming years. This agreement is a significant step in contributing to the development of biomethane in our country and contributes to the EU goal of producing 35 billion cubic metres of biomethane by 2030 to cover about 10 percent of gas demand and contribute to European energy security, stated Franco Lusuriello, CEO of BTS Biogas.
We are convinced that the Italian biogas supply chain has only minimally expressed its potential and that the multiplication of high-profile partnerships, such as the one signed between our two companies, can also play a significant role in achieving zero climate impact by the EU by 2050, ended Franco Lusuriello.
