IFM lands in the biogas business. The Australian fund, through the Dutch Energy Storage Company VTTI has launched Bioenergy, a European platform for the production of biomethane that could become a problem for the fund in the face of its intention to strengthen its presence in the board of directors of the administration of Naturgy.
VTTI, based in Rotterdam and owned by IFM, Vitol and Emiratí Adnoc, has just launched this new company that will operate in the biomethane business under the baton of its CEO, Lars Boetje.
Boetje is part of VTTI’s renewable natural gas division since August 2024, after joining McKinsey.
Bioenergy life has pledged to supply clean energy products such as biomethane, biogenic CO2 and organic fertilizers, thus supporting the decarbonization of buildings, heavy transport and industrial heat.
“Bioenergy life represents an important step forward in our commitment to sustainability and innovation,” said Guy Moeyens, CEO of VTTI. “By focusing on renewable natural gas (GNR), we not only address the urgent need for cleaner energy, but also create new opportunities for growth and creation of employment in the bioenergy sector.”
The company has started the construction of an anaerobic digestion installation in Wormslade Farm, Kelmarsh (United Kingdom). Bioenergy life also has the acquisition made by VTTI to Re-N Technology Group of a project located in an industrial polygon of Tilburg (Netherlands). This installation has a 17 MW nominal capacity and will generate, among others, 23 million cubic meters of biogas per year by processing organic waste and secondary flows in an anaerobic digestion process.
A part of the biogas will become renewable natural gas that will be supplied to the network, thus contributing to decarbonize the Dutch energy sector.
Renewable natural gas has important greenhouse gas savings properties that can also be used as effective transport fuel. A part of this gas will be used to supply energy to the installation and as heat to continue processing the installation waste in order to produce organic fertilizers, essential for regenerative agriculture.
The European biogas market is booming; The projects of National Energy and Climate Plans of the Member States show a strong increase, with production forecasts that total 14 BCM of biomethane by 2030, with potential to produce up to 40 BCM.
The EU has potential to produce 101,000 million cubic meters of sustainable biomethane, which would cover between 30% and 40% of the gas needs in Europe.
Bioenergy life is prepared to play a crucial role in this transformation, taking advantage of its experience and its strategic locations. Naturgy, meanwhile, also prepares to carry out important investments in this same sector.
‘Case study’ for your participation in the Spanish
IFM considers a study case your participation in Naturgy. The Australian fund explains in its sustainability memory that the Spanish is investing in biomethane production as a solution to replace and reduce the dependence of natural gas. In June 2024, Naturgy had 3MW of combined biomethane production in three operational plants and expects Naturgy to continue advancing in the deployment of biofuels in Spain, with 37 biomethane projects in different development phases.
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