Scandinavian Biogas gets $269m deal to deliver bio-LNG
Swedish biogas producer Scandinavian Biogas Fuels International AB said it has entered into an agreement valued at an initial 2.7 billion Swedish kronor ($269 million) to deliver bio-liquefied natural gas to Alternoil GmbH in Germany.
The company said that the agreement will see it deliver 8,000 metric tons in 2024, rising to 11,500 tonnes a year between 2025 and 2030, corresponding to more than 1 terawatt-hour of energy and includes an option to increase volumes up to 2 terawatt-hours corresponding to SEK4.7 billion.
The biogas will be used in filling-station operator Alternoil's Reefuel climate-neutral fuel for heavy good vehicles, Scandinavian Biogas said.
One terawatt-hour of bio-LNG equals 5,500 trucks driving 100,000 kilometres, the company added.
Scandinavian Biogas will supply bio-LNG from facilities in Sweden and Norway to Alternoil's filling stations, with the contracted volumes equal to around 25% of its planned capacity in 2025.
Biogas is carbon-dioxide-neutral and made from sewage and household, agricultural and industrial organic waste. Scandinavian Biogas has facilities in Sweden, Norway and South Korea.
The company said that the agreement will see it deliver 8,000 metric tons in 2024, rising to 11,500 tonnes a year between 2025 and 2030, corresponding to more than 1 terawatt-hour of energy and includes an option to increase volumes up to 2 terawatt-hours corresponding to SEK4.7 billion.
The biogas will be used in filling-station operator Alternoil's Reefuel climate-neutral fuel for heavy good vehicles, Scandinavian Biogas said.
One terawatt-hour of bio-LNG equals 5,500 trucks driving 100,000 kilometres, the company added.
Scandinavian Biogas will supply bio-LNG from facilities in Sweden and Norway to Alternoil's filling stations, with the contracted volumes equal to around 25% of its planned capacity in 2025.
Biogas is carbon-dioxide-neutral and made from sewage and household, agricultural and industrial organic waste. Scandinavian Biogas has facilities in Sweden, Norway and South Korea.
