Gasum Oy, Finland’s leading processer of biodegradable waste and supplier of biogas, has purchased 100% of the shares of the Swedish biogas producer Swedish Biogas International to become the biggest producer of biogas in the Nordic countries. Swedish Biogas International, headquartered in Linköping. is one of the biggest producers of biogas in Sweden and currently produces an annual total of around 300 gigawatt hours of biogas, for which the primary use is vehicle fuel.
In the transaction concluded today, five biogas plants located in Jordberga, Katrineholm, Lidköping and Örebro as well as a majority shareholding in a production plant located in Västerås, Sweden, are transferred to Gasum’s ownership. Swedish Biogas International also has a 50% shareholding in Vadsbo Biogas.
These plants mainly use side streams generated in agricultural and food industry processes such as manure, field biomass and cereal side streams as their feedstocks.
Nordic gas ecosystem strengthened by the acquisition
Gasum’s strategic objective is to actively develop the Nordic gas ecosystem, investing to improve access to biogas, particularly in areas outside the gas pipeline network, increase waste treatment capacity and enable the development of regional gas solutions and even more comprehensive service provision for its customers.
“This acquisition is part of Gasum’s strategy deployment and growth in the biogas business. Our vision is ’Leading the Nordic gas ecosystem’. The utilization of biogas as a road fuel has progressed very far in Sweden, and we can now introduce these lessons learned in Finland. In return we can make a positive contribution in Sweden thanks to our competence and expertise in the industrial use of natural energy gases,” says Gasum CEO Johanna Lamminen.
This acquisition is the first one of its kind for Gasum’s biogas business outside Finland. The Gasum subsidiary Skangas is the leading Nordic expert in liquefied natural gas (LNG) and has LNG production plants in Risavika, Norway, and Porvoo, Finland, and LNG terminals in Øra, Norway, Lysekil, Sweden, and Pori, Finland.
(Source: Gasum Oy)