St1 enters Norwegian biogas market
Energy firm St1 Norge has partnered with Nor-log Gruppen and Knapphus Energi to build a network of biogas filling points in Norway.
St1 Norge, a subsidiary of Nordic energy company St1 Nordic Oy, has signed an agreement with Knapphus og Biogrønn to purchase 33.33% of the shares in the company Biogas Energi Aksdal. The transaction is subject to regulatory approval.
St1’s entry into the Norwegian biogas market comes one week after the acquisition of E.ON Biofor, a producer and seller of biogas for transport use in Sweden with a market share of around 30%.
The company that will now build biogas infrastructure in Norway is a collaboration between the heavy transport operator Nor-log Gruppen, which has purchased gas-powered trucks, and requires a robust network of filling points; energy supplier St1, which is entering the biogas market; and Knapphus Energi, which has extensive experience in the operation of energy facilities.
Kristine Grant-Carlsen, CEO of St1 Norge, said: “In St1, we have a vision to be the leading producer and seller of CO2-aware energy, and the fact that we are now investing in building a network of filling points for biogas in Norway is in line with our vision.
“It is exciting to be part of a team that contributes to the transition of the energy sector while ensuring profitability. This is how we must work to solve the global energy challenges we face.”
St1 Norge, a subsidiary of Nordic energy company St1 Nordic Oy, has signed an agreement with Knapphus og Biogrønn to purchase 33.33% of the shares in the company Biogas Energi Aksdal. The transaction is subject to regulatory approval.
St1’s entry into the Norwegian biogas market comes one week after the acquisition of E.ON Biofor, a producer and seller of biogas for transport use in Sweden with a market share of around 30%.
The company that will now build biogas infrastructure in Norway is a collaboration between the heavy transport operator Nor-log Gruppen, which has purchased gas-powered trucks, and requires a robust network of filling points; energy supplier St1, which is entering the biogas market; and Knapphus Energi, which has extensive experience in the operation of energy facilities.
Kristine Grant-Carlsen, CEO of St1 Norge, said: “In St1, we have a vision to be the leading producer and seller of CO2-aware energy, and the fact that we are now investing in building a network of filling points for biogas in Norway is in line with our vision.
“It is exciting to be part of a team that contributes to the transition of the energy sector while ensuring profitability. This is how we must work to solve the global energy challenges we face.”
