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.

- Advertisements -

Most Popular

NextDecade, Bechtel preparing Rio Grande LNG site ahead of FID

NextDecade, the US developer of the Rio Grande LNG export plant, and compatriot engineering and construction giant Bechtel are...

Gasunie working to further boost Dutch LNG import capacity

Dutch gas transmission network operator Gasunie is working to further boost the regasification capacity in the European country besides...

VesselsValue: Japan has the world’s most valuable LNG fleet

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, followed by Greece and South Korea,...

More News Like This

Scandinavian Biogas board tells shareholders to reject takeover offer from Aneo

The board of Sweden-based bio-LNG producer Scandinavian Biogas has urged its shareholders to reject the proposed takeover offer by...

Scandinavian Biogas gets takeover offer from Aneo

Sweden-based bio-LNG producer Scandinavian Biogas said it had received a takeover offer from Norway's Aneo Renewables. Aneo, a joint venture...

Scandinavian Biogas pens bio-LNG supply deal

Sweden-based Scandinavian Biogas said it had signed a multi-year deal to supply bio-LNG to the transport sector in Sweden...

European LNG fueling network continues to expand

European network of liquefied natural gas (LNG) fueling stations continues to grow despite very high prices and is nearing...