Tuesday, December 10, 2024
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Finland’s Gasum buys Danish biogas plant

Gasum has signed a share purchase agreement to acquire 100% of the shares in Hærup Biogas ApS, marking a significant expansion of its biogas production portfolio. The Nordic energy company is acquiring the Danish firm, which owns and operates a biogas plant in northern Denmark.

According to the press release, the plant currently processes manure to produce around 40 GWh of biogas, which is used for both power and heat generation at the facility itself, as well as for local district heating through Klejtrup Varmeværk. Gasum plans to continue its long-standing collaboration with Klejtrup Varmeværk and aims to enhance the plant’s capacity by investing in a gas upgrading unit and connecting it to the gas grid.

“This acquisition aligns with Gasum’s strategic objective of significantly expanding our biogas offerings. We are investing in increasing our own production capacity while also sourcing more from reliable European partners. The purchase of Hærup Biogas gives us valuable access to the Danish biogas market, which is attractive due to its strong agricultural base—ample manure feedstock, high fertilizer demand, and short transport distances,” said Mika Wiljanen, CEO of Gasum.

Strategic Expansion in Biogas

The acquisition marks Gasum’s first biogas operation in Denmark, which is the fourth-largest biogas producer in Europe, generating more than 8,000 GWh of biogas annually.

Gasum’s long-term goal is to deliver 7 terawatt hours (7 TWh) of renewable gas to the Nordic market each year by 2027. A key part of this strategy involves the development of five large-scale biogas plants in Sweden, with the first scheduled to begin production in early 2025 and the second already under construction.

Achieving the 7 TWh target would result in a reduction of 1.8 million tons of CO2 annually for Gasum’s customers. On average, the lifecycle emissions of biogas are around 90% lower than those of traditional fossil fuels like diesel. When produced from manure, biogas can even result in negative emissions.

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