Ara Partners in European biogas move

Private equity firm Ara Partners said it has partnered with Laurence Molke to create CycleØ, a European biomethane platform, through the acquisition of Spanish small-scale LNG firm FNX Liquid Natural Gas.

In a statement released this week, Houston-based Ara Partners did not reveal much about the acquisition of FNX.

Spain’s HAM Group said in January 2020 it had acquired FNX for an undisclosed amount.

Located in Bilbao, the company has experience in biogas capture and conversion via both compression and liquefaction technologies for vehicular and industrial applications, as well as injection directly into existing pipelines.

The firm’s projects include an operating plant in Vilanant which is the first biogas-to-vehicle (bio-G2V) CNG project in Spain, and a plant in Faenza, which is one of the largest bio-LNG plants in Europe and the first bio-G2V LNG project in Italy, according to Ara Partners.

In addition to these plants, FNX has a project in late-stage development in Catalonia which will be amongst the first biogas-to-grid (bio-G2G) projects in Spain, it said.

Based on this experience, CycleØ, which is led by Molke as CEO, would actively develop and operate biomethane projects across Europe, ARA Partners said.

The company’s proprietary technologies capture, process and upgrade naturally occurring methane gas produced principally by the agri-food and livestock industries.

In addition to farmers becoming distributed energy producers of the future, they would “dramatically” reduce their greenhouse gas emissions while maintaining current outputs, the statement said.

Also, CycleØ’s processed biomethane is used as a “valuable green energy resource” in any application as a direct substitute for traditional forms of natural gas.

The company would particularly focus on opportunities in the bio-G2V and bio-G2G markets, the statement said.

Most Popular

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Vlantana launches first Lithuanian LNG station

Lithuanian transport firm Vlantana has launched what it says is the first LNG and CNG refueling station for heavy-duty...

HAM adds new LNG station in Spain

Spain’s HAM Group continues to expand its network of LNG fueling stations for trucks with the opening of a...

HAM’s Peru unit welcomes first Volvo LNG trucks

HAM Criogenica Peru, a unit of Spain's HAM, has taken delivery of its first LNG-powered trucks from Volvo Peru. These...

HAM launches new LNG station in Italy

Spain’s HAM Group has launched a new LNG and CNG fueling station for vehicles in Italy. According to a statement...