1Vision Biogas aims to become “the leading biogas company in the Nordics”

1Vision Biogas AB - a joint venture between St1, HitecVision and Aneo - has acquired St1 Nordic Oy's biogas assets.
Earlier this year, 1Vision Biogas announced 100% ownership of Biokraft International AB, a leading liquefied biogas producer in the Nordics.
1Vision Biogas is integrating the two entities into one company with the ambition of becoming the leading biogas company in the Nordics, operating the entire biogas value chain from feedstock sourcing all the way to sales and distribution.
1Vision Biogas said it sees liquefied biogas as a key growth opportunity within the energy transition.
The growth company is aiming for 3 TWh biomethane production and 6 TWh biomethane sales by 2030, targeting heavy transportation, maritime and industrial applications.
To achieve its goals, 1Vision Biogas is committed to investing more than €1 billion in biogas production and distribution networks in the Nordic countries.
With these acquisitions, the current production capacity of 1Vision Biogas is over 550 GWh and the combined sales of biomethane are approximately 1 TWh.
In addition, there are several biogas growth projects in Sweden, Norway and Finland.
St1, HitecVision and Aneo joined forces in December last year with the aim of creating a leading biogas platform in the Nordics.
The new Nordic biogas company consists of entities with complementary set-ups and builds on strong industrial logic capabilities.
1Vision Biogas will operate an end-to-end biogas value chain, from feedstock sourcing all the way to sales and distribution.
St1's strong sales organisation and network will continue the distribution of 1Vision Biogas’ products, according to the company.
Biokraft has a strong upstream asset base with five biogas production and upgrading plants in Sweden and Norway and a logistics company.
St1 has seven biogas production and upgrading units in Sweden, a network of compressed and liquefied biogas stations together with bus depot refuelling points.
In Sweden, St1 is already a leading biogas provider for the traffic segment. This acquisition announcement has no impact on the growth projects that both Biokraft and St1 are running in the Nordics.
HitecVision manages energy-focused private equity funds with a total committed capital base of €8 billion, and it has an extensive track-record in developing energy companies in Europe.
All new investment platforms from HitecVision’s funds will contribute to the energy transition.
“In this new company, St1 can accelerate biogas production growth and the extension of the distribution network to our customers even further," said Henrikki Talvitie, CEO of St1 Nordic Oy. "As a concept, biogas is the circular economy at its best. Renewable competitive fuel is generated by the digestion of organic waste. We see a lot of potential in increasing the use of liquefied biogas. Today, it is the quickest way to significantly reduce carbon emissions in heavy-duty transport. In the longer term, demand for biogas is expected to increase in shipping and heavy industry.”
“Sustainable fuels are a key focus area for HitecVision’s renewable investment strategy. In 1Vision Biogas, we have established a solid partnership with experienced industrial partners. By combining Biokraft International AB and St1’s biogas business, we have created a great foundation for building a market-leading company in a very attractive segment, providing clean fuel to hard-to-abate sectors,” said Jan Harald Solstad, senior partner in HitecVision.