Green acquisition could open up the e-methane market

Pan-European biomethane platform, CycleØ, has acquired Biogasclean, a leading global supplier of biogas treatment systems, which it said should get more efficient and fully circular green gas solutions on the market.

“Our acquisition of Biogasclean represents a giant leap for green gas production and use, further proving its vital role in accelerating the energy transition and achieving net zero,” said Laurence Molke, CEO, CycleØ.

“We look forward to deploying their patented biocatalyst technologies to produce more carbon-negative fuels for energy and heat, as well as the hard-to-electrify heavy duty transport, maritime and industrial sectors”.

Clean option

If scaled across Europe, many believe that green gases, such as biomethane and e-fuels, could play a vital role in driving energy independence, security and decarbonisation.

According to the European Biogas Association, biomethane production could reach 151 BCM by 2050, replacing up to 40% of the EU’s total fossil natural gas consumption. This scenario could keep more than 1 billion metric tonnes of carbon dioxide from entering the atmosphere. That is equivalent to the emissions of over 133 million homes.

With farmers currently protesting across Europe to fight low prices and high costs, cheap imports and EU climate regulations, this new approach could also help to provide farmers and rural communities with additional income and support them in tackling carbon emissions.

CycleØ’s plants capture emissions from a range of organic waste products, like manure from cattle farms and the agri-food sector. It then converts them into green fuels.

The company develops, builds, owns and operates renewable natural gas (RNG) projects in Europe and Latin America.

It takes an end-to-end approach offers customers small-to-medium sized projects are quick-to-deploy, have a low capital expenditure and deliver carbon-negative biomethane, which can be utilised in the gas grid or to decarbonise the transport and maritime sectors. 

CycleØ currently has sites in planning and operation in Spain, Italy and Ireland, with ambitions to build, own and operate at least 50 plants across Europe by 2028.

Ara Partners, a private equity and infrastructure investment firm, provided additional capital to facilitate the 150 million DKK (£17m) transaction.