Nordic Ren-Gas, avanca seal $1.14 billion e-methane deal

Finland's e-methane developer Nordic Ren-Gas and Swiss group avanca have signed a long-term offtake agreement valued at 1 billion euros ($1.14 billion) for e-methane produced at Ren-Gas's Tampere facility. The fuel will be distributed to heavy-duty truck operators via Alternoil’s LNG distribution network in Germany.

According to a joint statement on Friday, the deal is one of the largest commercial partnerships of its kind in Europe and represents a “concrete step in building a fully integrated, cross-border renewable e-methane supply chain.”

The statement did not provide further details regarding the agreement.

The agreement combines Ren-Gas’s Finnish e-methane production platform with avanca’s/Alternoil’s established LNG distribution network in Europe.

avanca Energy’s units include avanca Renewables and Alternoil.

The renewables unit manages the group’s renewable fuel portfolio, sourcing bio-LNG and e-methane and accompanying upstream production partnerships across Europe, while Alternoil operates Germany’s largest LNG distribution network, with 55 fueling stations and over 120 dispensing points.

Moreover, avanca will distribute the fuel produced at the Tampere facility through existing gas infrastructure directly to heavy-duty truck operators — requiring no modifications to vehicles or fueling stations, the partners said.

Ren-Gas produces e-methane by combining hydrogen with captured carbon dioxide.

“Chemically equivalent to biomethane, it functions as a drop-in fuel for existing gas and LNG infrastructure, making it one of the most immediately and cost-effective deployable decarbonization options available for long-haul freight today,” the statement said.

Most Popular

Qatar’s Nakilat says no one injured after LNG carrier attack

Qatari LNG shipping giant Nakilat said on Wednesday that no one was injured after its Q-Flex LNG carrier Al Rekayyat was hit by a projectile while transiting the Strait of Hormuz on Tuesday.

Venture Global shipped 127 LNG cargoes in Q2

US LNG exporter Venture Global shipped 127 LNG cargoes from its Calcasieu Pass and Plaquemines LNG export terminals in the second quarter of this year.

Gastrade’s Alexandroupolis FSRU gets first LNG cargo after maintenance

Greece's Gastrade has received the first liquefied natural gas (LNG) cargo at its Alexandroupolis FSRU-based terminal, following the completion of a three-month maintenance, a Gastrade spokeswoman told LNG Prime on Thursday.
spot_img

More News Like This

Germany’s Alternoil inks another bio-LNG deal

German LNG fueling station operator Alternoil has recently signed a deal to supply bio-LNG to compatriot logistics firm Contrail...

Finland’s Gasum inks e-methane deal

Finnish state-owned energy firm Gasum will buy e-methane from Nordic Ren-Gas to supply it to its customers in the...

Germany’s Alternoil seals new bio-LNG deal

German LNG fueling station operator Alternoil has signed a deal to supply bio-LNG to compatriot transportation company Steinbach. Alternoil, a...

European network of LNG stations hits new milestone

European network of liquefied natural gas (LNG) fueling stations for vehicles has reached 700 stations, according to Gmobility. Besides 700...