Scandinavian Biogas gets $15 million boost to build another bio-LNG plant in Sweden

Sweden-based Scandinavian Biogas said it has secured about $15.1 million from the government to build a bio-LNG plant in southern Sweden.

The Swedish Environmental Protection Agency through Klimatklivet granted the company 154 million Swedish crowns ($15.1 million) in investment support for the bio-LNG project.

Scandinavian Biogas plans to build the bio-LNG plant in Skane’s Fagerhult in Orkelljunga municipality, about 500 kilometers south of Stockholm.

The gas would be produced by utilizing manure from animal farmers in the area. In addition to manure, the firm would use other residual products from agriculture and food production as well.

If the biogas producer takes a final investment decision before the end of 2023, production would begin in mid-2025 and contribute to estimated profitability in 2026, according to Scandinavian Biogas.

The firm expects the plant to have a capacity of 130 GWh, or the equivalent energy content of 13 million liters of diesel. The plant will also produce 200,000 tons of high-quality biofertilizer for the region’s agriculture.

Also, it estimates annual CO2 reduction to reach 53,000 tons.

Scandinavian Biogas said the project would now proceed with the usual preparations for investment decision, such as securing an environmental permit.

In December, Scandinavian Biogas won the same grant but for a bio-LNG production plant in Grimhult near Monsteras.

The firm set a long-term target to reach an annual production capacity of 3 TWh of biogas, mainly bio-LNG, in Europe by 2030.

Most Popular

Jordan, Egypt seal FSRU deal

According to a statement by Jordan's energy ministry, the two countries signed on Sunday a cooperation agreement in Cairo...

PAE, Golar welcome new partner to Argentina FLNG project

Pampa said in a statement it will initially hold a 20 percent stake in Southern Energy (SESA), the entity...

Inpex to buy stake in Malaysian block

Inpex said on Monday it had executed a deal with Seascape Energy to acquire 100 percent of the shares...

More News Like This

Biokraft says launches world’s largest biomethane liquefaction unit

Sweden-based bio-LNG producer Biokraft International, previously known as Scandinavian Biogas, has launched what it says is the world's largest...

Biokraft working on new bio-LNG plant in Sweden

Sweden-based bio-LNG producer Biokraft International, previously known as Scandinavian Biogas, has secured land for a new bio-LNG production...

Scandinavian Biogas becomes Biokraft

Sweden-based bio-LNG producer Scandinavian Biogas has changed its name to Biokraft International. The firm said in a statement it decided...

Scandinavian Biogas in German move

Sweden-based bio-LNG producer Scandinavian Biogas will establish a unit in Germany and plans to invest up to 90 million...