Finnish state-owned energy firm and LNG supplier, Gasum, is expanding its biogas portfolio by acquiring two-thirds of the shares in Swedish company Liquidgas Biofuel Genesis.
According to a statement by Gasum, Liquidgas owns and operates a biogas upgrading plant in the city of Helsinborg in southern Sweden.
The plant’s other owner with one third of the shares is Nordvastra Skanes Renhallningsbolag AB (NSR), the regional waste management company.
NSR has leased a biogas plant to Biond who produces raw biogas from the biodegradable waste it collects from households and industries in the area. Liquidgas then buys raw biogas for upgrading, it said.
The plant’s annual output is currently about 80 gigawatt hours (GWh) worth of upgraded biogas.
Also, the plant is connected to a low pressure grid and all upgraded biogas is currently distributed through the grid to local filling stations.
Gasum said it also intends to investigate the possibility of liquefying gas on site at “some point in the future”.
The acquisition is part of Gasum’s strategic goal to bring 7 TWh of renewable gas to market yearly by 2027.
Gasum aims to achieve this by increasing its own biogas production as well as sourcing from partners.
The firm is currently constructing the first of five large new bio-LNG plants in Gotene, Sweden.