Macroalgae may be a new substrate in biogas production

EU-funded research is evaluating its potential

Scandinavian Biogas Fuels AB has been selected to evaluate the profitability and bottlenecks for macroalgae in the production of biogas. The initiative is an EU-funded European multidisciplinary collaboration between internationally renowned research teams, as well as industrial partners where Scandinavian Biogas Fuels is included.

ATBEST (Advanced Technologies for Biogas Efficiency, Sustainability and Transport) is a Marie Curie Initial Training Network (ITN), coordinated by the QUESTOR centre, a global environmental research network founded by Queens’s University Belfast. ATBEST has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement nr. 316838.

New knowledge and improved collaboration
The overall aim of the project is to establish long-term collaborations and develop structured research and training relevant to industry and academia. Research on macroalalgae will cover the entire biogas supply chain (biogas production from feedstock to its utilisation as energy). With a total budget of € 3.86 million, it comprises eight sites located in the Sweden, UK, Ireland and Germany, supporting 14 researchers until July 2017. 

Evaluation of the complete biogas process
Scandinavian Biogas Fuels AB has been selected as the host institution for the experienced researcher, Dr Francesco Ometto, working on macroalgae as a sustainable substrate for biogas production. The objective of the project is to evaluate the profitability and bottlenecks and optimise the whole process addressing topics of harvesting, washing, storage and processing. In particular, macroalgae harvested from the Scandinavian coastline are tested for biogas production applying a number of different pre-treatments and operational conditions.

Combined logo no FP7

 

For more information please contact Professor Jörgen Ejlertsson, Vice President and R&D Director at Scandinavian Biogas: jorgen.ejlertsson@scandinavianbiogas.com

www.atbest.eu

 

 

2019-08-15 14:00

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2019

Long-term liquid biogas (LBG) supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.

Second quarter in brief

  • A 7.5-year LBG supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.
  • The LBG plant at Skogn, Norway, delivered 2.4 million Nm3of LBG during the second quarter.
  • Net sales totalled SEK 89.6 million (65.9), a year-on-increase increase of 36.0%.
  • EBITDA was SEK 17.7 million (-2.0), a year-on-year improvement attributable primarily to the plant at Skogn. The plant was in operation during the January–June 2019 period, but not during the comparative period.      
  • The Group posted an operating loss of SEK -4.4 million (-15.6).
  • The Group posted a loss after tax of SEK -23.3 million (-21.3).
  • The directed share issue yielded SEK 39.6 million before transaction costs.
  • Subordinated shareholder loans totalling SEK 34 million along with interest of SEK 2.5 million were converted to shares in a set-off issue.

First half-year in brief

  • A 7.5-year LBG supply contract signed between Norwegian subsidiary Biokraft and Hurtigruten.
  • Net sales totalled SEK 176.5 million (129.5), an increase of 36.3% attributable primarily to the plant at Skogn, which was in operation during the January–June 2019 period. The plant was not in operation during the corresponding period in 2018.
  • EBITDA was SEK 36.3 million (-0.6), with the year-on-year improvement due mainly to commissioning of the plant at Skogn, Norway.
  • The Group posted an operating loss of SEK -7.6 million (-28.1).
  • The Group posted a loss after tax of SEK -35.6 million (-43.8).
  • The directed share issue yielded SEK 39.6 million before transaction costs.
  • Subordinated shareholder loans totalling SEK 34 million along with interest of SEK 2.5 million were converted to shares in a set-off issue.


Significant events after the end of the period

  • It was reported in July that the rights issue was oversubscribed by 184% and yielded a total of SEK 10.2 million before issue expenses. The directed share issue was decided and amounts to SEK 60.4 million before issue expenses, and pertains entirely to Apriori AB.
  • No other significant events occurred after the end of the interim period.

The interim report for the second quarter 2019 for Scandinavian Biogas Fuels International AB (publ) is now available on www.scandinavianbiogas.com

For further information, contact Matti Vikkula, CEO and president,
+46 70 597 99 38,
matti.vikkula@scandinavianbiogas.com 

The information in this press release is such that Scandinavian Biogas Fuels International AB (publ) must disclose in accordance with the EU Market Abuse Regulation (EU MAR) No. 596/2014. The information was submitted for publication on August 15, 2019, at 15:00 CET.

2019-08-15

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2019

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2019-08-09

Interim report will be published on August 15, 2019

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2019-07-19

Scandinavian Biogas publishes outcome of oversubscribed rights issue and carries out a secured directed share issue of SEK 60 million

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2019-06-27

Report from the Annual General Meeting of Scandinavian Biogas Fuels International AB (publ)

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2019-06-14

Subscription period for rights issue of 10 MSEK is 17th of June to 5th of July

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2019-06-05

Scandinavian Biogas carries out directed issue and rights issue in a total of SEK 86 million and intends to carry out a secured directed issue of SEK 60 million. Total issue volume SEK 146 million

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2019-06-05

Scandinavian Biogas announces fully secured share issues with a value of 136 MSEK; intends to carry out a rights issue of 10 MSEK

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2019-05-28

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2019-05-23

Scandinavian Biogas subsidiary to deliver liquid biogas to Hurtigruten

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2019-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2019

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2019-04-25

Scandinavian Biogas Annual Group Report 2018

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2019-04-18

Results from Scandinavian Biogas written procedure

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2019-03-28

Scandinavian Biogas initiates a written procedure

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2019-02-28

Scandinavian Biogas Interim report for the period 1 January – 31 December 2018

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2019-01-25

Scandinavian Biogas Intends to Conduct a Directed Share Issue

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2018-11-28

Result from Scandinavian Biogas Fuels International AB (publ)s written procedure

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2018-11-09

Scandinavian Biogas Interim Report for the period 1 July – 30 September 2018

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2018-11-09

Scandinavian Biogas initiates a written procedure

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2018-11-08

Scandinavian Biogas to launch written procedure following constructive discussion with certain bondholders

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2018-10-23

Release of Q3 2018 interim report postponed as court ruling for dispute related to Södertörn facility received

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2018-09-03

Worlds largest LBG factory in operation

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2018-08-23

Scandinavian Biogas Interim report for the period 1 January – 30 June 2018

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2018-08-23

Court ruling in the penalty fee dispute in Ulsan, South Korea

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2018-07-03

Profitability 2018 is estimated to be lower than previously communicated

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2018-06-29

Safer management of your personal information

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2018-06-20

The nomination committee’s proposal regarding board of directors and remuneration for the annual general meeting 2018

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2018-05-25

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2018-05-22

Results from Scandinavian Biogas written procedure

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2018-05-02

Results from Scandinavian Biogas Fuels International AB’s written procedure and renewed written procedure

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2018-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2018

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2018-04-11

Scandinavian Biogas initiates a written procedure

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2018-03-20

Scandinavian Biogas Annual Group Report 2017

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2018-03-12

The first shipload of feed stock has been received at Biokraft's biogas plant at Skogn

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2018-02-15

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2017

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2018-01-10

Scandinavian Biogas is including one-off costs in annual Group accounts 2017 and updating Outlook 2017

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2017-11-21

Scandinavian Biogas’ Board will evaluate various strategic and capital structure alternatives

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2017-10-26

Scandinavian Biogas Interim Report for the period 1 January – 30 September 2017

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2017-08-24

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2017

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2017-08-16

Scandinavian Biogas publishes bond prospectus and applies for listing of the additional bonds on Nasdaq Stockholm

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2017-06-30

Scandinavian Biogas press release amendment of terms and conditions

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2017-06-15

Scandinavian Biogas issues subsequent SEK 30 million senior secured bonds

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2017-05-17

Scandinavian Biogas rights issue over-subscribed

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2017-04-28

Scandinavian Biogas Interim report for the period 1 January – 31 March 2017

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2017-04-13

Scandinavian Biogas has decided on a directed share issue of approximately SEK 43 million and a rights issue of approximately SEK 23 million

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2017-04-10

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2017-02-28

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2016

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2017-02-08

Scandinavian Biogas is preparing the group for a public listing of its share – signing loan agreements for 16 MSEK for the forthcoming share issue

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2016-10-28

Scandinavian Biogas Interim report for 1 January – 30 September 2016

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2016-09-07

Press Release

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2016-09-01

International scientific biogas conference

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2016-08-19

Press Release

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2016-08-18

Interim Report - Q2 2016

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2016-07-14

New European grant to

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2016-04-29

Press release

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2016-04-29

Interim Report - Q1 2016

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2016-03-30

Summons to the Annual General Meeting

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2016-02-18

Unutilized residues

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2016-02-08

Issues 4-year senior secured bond

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2016-02-08

Invests in a new Liquid Biogas Plant

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2015-04-29

Summons to the annual general meeting of shareholders

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2014-08-14

Macroalgae may be a new substrate in biogas production

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2014-04-22

Board of directors

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2014-04-22

Business objectives

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