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Gasum acquires majority stake in Swedish biogas upgrading company

Gasum acquires majority stake in Swedish biogas upgrading company
Biogas from Biond AB's anaerobic digestion (AD) facility in Helsingborg is upgraded to biomethane and injected into the local gas grid by Liquidgas Biofuel Genesis AB (photo courtesy Biond).

The Finland-headed energy company Gasum Oy has announced the expansion of its Swedish biogas portfolio by acquiring two-thirds of the shares in Liquidgas Biofuel Genesis AB.

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Liquidgas Biofuel Genesis owns and operates a biogas upgrading plant in the city of Helsingborg 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 that produces raw biogas from the biodegradable waste it collects from households and industries in the area. This biogas is sold to Liquidgas Biofuel Genesis for upgrading to biomethane.

The plant’s annual output is currently approximately 80 GWh worth of biomethane aka renewable natural gas (RNG). The plant is connected to a low-pressure grid and all the RNG is currently distributed through the grid to local filling stations.

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, said Mika Wiljanen, CEO of Gasum.

Gasum also intends to investigate the possibility of liquefying the gas on-site at some point in the future.

We look forward to working with Gasum, an experienced and strong player in the biogas industry. This partnership gives us excellent opportunities to develop our biogas upgrading business in Helsingborg. The collaboration can contribute to the long-term development of green transport in the region, said Ulf Molén, CEO of NSR, co-owner of Liquidgas Biofuel Genesis.

The acquisition is part of Gasum’s strategic goal to bring seven terawatt hours (7 TWh) of renewable gas to market yearly by 2027. Gasum aims to achieve this by increasing its own biogas production as well as sourcing from trusted partners.

Gasum is currently constructing the first of five large new biogas plants in Götene, Sweden.

Achieving the 7 TWh goal would mean a cumulative carbon dioxide (CO2) reduction of 1.8 million tonnes per year for Gasum’s customers. The lifecycle emissions of biogas are, according to Gasum, on average 90 percent lower compared to traditional fossil fuels.

Our strategic partnership with Gasum means that the conditions for a circular economy and sustainable use of resources are strengthened for the whole of northwestern Scandinavia. I am very pleased about that, said Rikard Lind, Chairman of the Board of NSR.

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