Biogas – BIOGEST Receives ?20m Investment from Eiffel Investment Group

The worldwide local weather disaster and the crucial geopolitical scenario of gasoline provide require a fast motion to speed up inexperienced gasoline manufacturing capability. Biomethane is without doubt one of the pillars of the worldwide vitality transition and is offering Europe’s most cost-effective and most scalable renewable gasoline in the present day. 

“By 2030, Europe can produce 35 bcm, representing 10% of whole EU gasoline demand. By 2050, mixed biogas and biomethane manufacturing can attain 95 bcm, which may cowl 30-40% of the overall gasoline demand in 2050. Such progress represents 420,000 jobs by 2030 and over 1 million jobs by 2050.”² T

he partnership between BIOGEST and Eiffel Gaz Vert will present a crucial enhance to the biomethane manufacturing capability and contribute to the decarbonization and safety of vitality provide in Europe and worldwide.

Marc-Etienne Mercadier, Fund Supervisor of the Eiffel Gaz Vert fund, declares, “We’re delighted to spend money on the event, development, and operation of inexperienced gasoline tasks inside a know-how chief like BIOGEST. We’re satisfied by the operational excellence of the BIOGEST crew and its promising and diversified pipeline.

“Investing throughout the BIOGEST Group demonstrates the complete help of the Eiffel Funding Group to the renewable gasoline sector. We’re excited to leverage Eiffel Gaz Vert’s monetary assets and experience to take the corporate to the worldwide management stage”.

Martin Schlerka, CEO and Managing Companion of BIOGEST, continues, “Our Group’s growth is predicated on three areas by counting on our intensive know-how and experience: progressing and scaling up within the US market, growing the OPO (Personal-Plant-Operation) exercise in Europe & the US, and pursuing our capability to deal with market alternatives.

“BIOGEST needs to be a number one actor in the whole worth chain of the biogas sector whereas persevering with to push new nations. With the Eiffel Funding Group, we discovered the suitable companion to hurry up our success story, and I’m very enthusiastic about our new journey.”

Biomethane is the one renewable vitality supply that may be carbon-negative, because it considerably reduces methane emissions from agricultural operations. BIOGEST’s vegetation produce not solely pipeline-quality inexperienced gasoline but additionally an natural fertilizer that helps scale back using chemical fertilizers in agriculture.

¹ Eiffel Gaz Vert is a fund taking an energetic function in growing the renewable gasoline sector by financing the business via minority shareholdings and different capital or quasi-capital contributions
² https://www.europeanbiogas.eu/advantages/#growth-potential