EnviTec Biogas bullish on 2019 market prospects - heat and transport drivers
"Prospects for the key technology biogas and our business are now better than they have been for a long while,” said Olaf von Lehmden, CEO of EnviTec Biogas AG, in summing up the events of the last financial year.
Speaking at a staff “end of year” meeting, Olaf von Lehmden, CEO of the Germany-headed biogas technology provider and plant operator EnviTec Biogas AG had a bullish outlook on 2019.
For 2019, we are already implementing half of our planned revenue in ongoing plant engineering projects. Own operations achieved record results in 2018 and we expect another slight uptick in turnover for our service business next year, von Lehmden said.
He also noted the particularly welcoming news that that biogas sector once again has the “ear of government” in Germany.
If we look at the current debates in German environmental policy and the media in general, biogas is the ideal solution for reining in the biggest greenhouse gas emitters – namely heat generation and the transport sector, he said.
While he believes there is still much work to do in convincing politicians of all of the advantages of this key technology, “ultimately, we simply have the facts on our side,” said von Lehmden, “biogas cuts emissions by 90 percent compared to oil and particulates by 90 percent compared to diesel.”
Especially in transport, von Lehmden sees, biomethane could finally achieve the long-awaited turnaround. The CEO also noted how the success of the company’s own gas upgrading technology EnviThan has been reflected in the selection of EnviTec’s innovative ‘Drive Biogas’ business model as one of the Top 10 in ‘Innovation of the Year’ awards at EnergyDecentral/EuroTier 2018.
The business model promotes the use of biogas as a fuel in the transport sector as bio-CNG.
As a plant engineering firm as well as operators of biogas and gas upgrading plants, this gives us the option of further refining the biomethane we ourselves produce and utilising this as a fuel, Olaf von Lehmden said.
He closed his address by commenting on the forecast for the next financial year with a “general increase in earnings for 2019” to be expected. A capital investment of EUR 5 million is also planned the bulk of which will be spent on EnviTec’s core business – its own biogas plant operations.