Canada-headed biogas technology provider Anaergia Inc. has announced it has sold its Envo Biogas plant in Tønder, Denmark to Copenhagen Infrastructure Partners’ (CIP) CI Advanced Bioenergy Fund I, which is developing biogas projects in Europe and North America.
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Anaergia acquired and began construction on the Envo Biogas Tønder project in late 2021 and injected the facility’s first biomethane (aka renewable natural gas – RNG) into Danish pipelines in November 2022, which allowed the facility to qualify for a 20-year Danish Energy Agency biogas subsidy program.
When fully operational, the Envo Biogas Tønder facility is expected to become one of Europe’s largest biogas plants, processing up to 900 000 tonnes of organic waste to produce up to 1.4 million MMBtu (40 million Nm3) of RNG annually.
We are very pleased to have made our first investment into a large-scale and modern biogas project in Denmark, creating not just green energy, but also jobs and investments in the local community. We look forward to working with local stakeholders and farmers and to continuing the construction of the plant that once in full operations will make a significant contribution to the green transition in the municipality of Tønder and in Denmark said Thomas Dalsgaard, partner with CIP.
In addition, the Tønder plant will produce biogenic carbon dioxide (CO2)that will be used by European Energy to produce green e-methanol to fuel container ships.
While the financial terms of the transaction were not disclosed, Anaergia expects to recognize a positive impact on the completion of the transaction.
Anaergia plans to deploy capital from the sale towards facilitating additional growth, mainly in Italy and Germany.
Having advanced the Envo Biogas Tønder project and adding substantial value, the timing is now right for Anaergia to divest of this facility and use the proceeds to advance other new and existing projects in Europe. We look forward to helping Copenhagen Infrastructure Partners complete construction on this project and collaborating with them in the future, said Dr Andrew Benedek, Chairman and CEO of Anaergia.