TotalEnergies buys Polish biogas producer

France’s TotalEnergies, one of the world’s largest LNG players, said it had acquired Poland’s main biogas producer, Polska Grupa Biogazowa (PGB), and a 200-megawatt development pipeline of solar projects.

TotalEnergies did not reveal the prcie tag of the deal in a statement issued on Monday.

With 130 employees in nine Polish regions, PGB is mainly involved in generating renewable heat and power from biogas sourced from organic waste, according to the firm.

PGB owns and operates 17 facilities in production and one under construction, for a total power generation capacity of 166 GWh per year.

Also, PGB’s portfolio includes a development pipeline of 23 projects, it said.

TotalEnergies is also entering the Polish solar market with the acquisition of six solar projects under development representing a production capacity of 200 MW.

Located in northern and western Poland, the first solar farms are expected to come on stream by 2025, the firm said.

TotalEnergies buys Polish biogas producer
Image: TotalEnergies

Boosting biogas production

The acquisition of PGB gives TotalEnergies a “leading position in the promising Polish market, which represents Europe’s fourth-largest potential for biogas and biomethane production, estimated at close 100 terawatt-hours (TWh),” according to the firm.

TotalEnergies is one of the segment leaders in Europe, with now 1,1 TWh of biogas production capacity, and aims to become a major player internationally by partnering with market leaders such as Clean Energy in the US, it said.

The company is active across the entire value chain, from project development to marketing of this renewable gas and its by-products (biofertilizers, bioCO2), TotalEnergies said.

TotalEnergies said it aims to produce at least 20 TWh per year by 2030, which represents the average annual gas consumption of four million French consumers, and a reduction in CO2 emissions of around four million tons.

LNG giant Shell also recently completed its deal worth nearly $2 billion to buy 100 percent shareholding of Denmark-based biogas producer Nature Energy Biogas.

Shell said the acquisition will add new volumes and support its efforts to transition its growing European LNG customer base to bio-LNG, with supply intended to span road, marine, and other customers.

TotalEnergies is also building a network of LNG filling stations for trucks in Europe and is supplying LNG as fuel to containerships and other vessels.

- Advertisements -

Most Popular

Stena Bulk sells its last LNG carrier

Swedish shipping firm Stena Bulk has sold its last liquefied natural gas (LNG) carrier to an undisclosed Asian buyer. The...

Gulfstream LNG asks US FERC to start pre-filing process

Houston-based Gulfstream LNG is seeking approval from the US FERC to initiate the environmental pre-filing review for its mid-sized...

Shell launches largest bio-LNG plant in Germany

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The...

More News Like This

TotalEnergies: average LNG price down in Q1

French energy giant TotalEnergies, one of the world’s largest LNG players, reported a drop in its average price for...

TotalEnergies pushes back Papua LNG FID to 2025

French energy giant TotalEnergies and its partners have postponed a final investment decision on the planned Papua LNG export...

TotalEnergies expands its US natural gas production

France's TotalEnergies has agreed to buy the 20 percent interest held by Lewis Energy in the Dorado leases operated...

Northern Lights: LNG-powered LCO2 duo launched in China

China’s Dalian Shipbuilding Industry (DSIC) has launched Northern Lights JV’s two LNG-powered liquefied CO2 carriers. The joint venture consisting of...