2019-05-23 12:20

Scandinavian Biogas subsidiary to deliver liquid biogas to Hurtigruten

Scandinavian Biogas’s Norway-based subsidiary, Biokraft, has signed a multi-year contract with Hurtigruten to supply liquid biogas (LBG) to Hurtigruten’s ships. The partnership, which will result in substantial emissions reductions, signals a paradigm shift in the shipping industry. The agreement should be viewed as the next step in Scandinavian Biogas’s development, and is a natural consequence of the commissioning last year of the world’s largest LBG plant in Skogn, Norway.

Under the 7.5-year contract – the largest global contract to date for supply of liquid biogas (LBG) to a shipping operator – biogas produced from organic waste will be delivered on a near-daily basis to Hurtigruten’s ships. Hurtigruten will adapt at least six of its ships to run on biogas as from 2021. The first delivery of liquid biogas produced at the biogas plant in Skogn is expected to be made in 2020.

‘With this agreement, Scandinavian Biogas, Biokraft and Hurtigruten are leading the way in the sustainable transition away from fossil fuels in the shipping industry. We are consequently taking a major step to change an industry that currently accounts for a large share of the world’s carbon dioxide emissions. Through Biokraft, Scandinavian Biogas wants to clear the decks for Norway to maintain its role as a leading shipping nation by promoting the use of locally produced, renewable energy as a substitute for fossil fuels,’ says Matti Vikkula, CEO of Scandinavian Biogas.

Hurtigruten, the world leader in maritime tourism and cruise liner exploration travel, decided in 2017 to invest over NOK 7 billion in technical and sustainable solutions by 2021. By operating its ships on a combination of electricity, natural gas (LNG) and liquid biogas (LBG), Hurtigruten will be the world’s first shipping operator to use biogas on a large scale.

‘This partnership is a major and significant move for us, for green solutions in the shipping industry and, most importantly, for the environment. Our ships will now literally be fuelled by nature. Biogas is the greenest fuel for our industry, and we view it as an asset and a self-evident solution. Our hope is that the shipping industry will follow this development,’ says Hurtigruten CEO Daniel Skjeldam.

Hurtigruten is a key player within the Norwegian and international shipping industry, taking guests from across the globe to destinations such as the Antarctic, the Arctic and the Norwegian coast every year. The Biokraft-Hurtigruten partnership sets an example for the shipping industry. Promotion of renewable energy also helps preserve nature and wildlife along Norway’s coastline.

‘We are extremely pleased about this collaboration with Hurtigruten, which introduces biogas as a fuel in the shipping industry. Norway’s history as a leading maritime nation goes back for many generations. Our oceans are now under serious pressure from pollution and climate change. This is what Biokraft is working to change with dedicated partners like Hurtigruten,’ says Biokraft CEO Håvard Wollan.

Scandinavian Biogas’s vision is to utilise waste as a valuable resource, rather than viewing it as a costly problem. The group operates the world’s largest production facility for liquid biogas (LBG), in Skogn, Norway, outside Trondheim. The facility produces liquid biogas based on organic waste from the Norwegian fishing and forestry industry, which will now be delivered as fuel to Hurtigruten. At full capacity, the plant will produce 12.5 million normal cubic metres of biogas annually.

As a clean energy source, renewable biogas is considered the most environmentally friendly fuel available today. Biogas is already used as fuel in parts of the transport industry, particularly for buses. Northern Europe and Norway, which have large-scale fishing and forestry industries that produce extensive amounts of organic waste, have a unique opportunity to become world leaders in biogas production.

For additional information, please contact: 
Matti Vikkula, President and CEO, Scandinavian Biogas 
+46 70 597 99 38, matti.vikkula@scandinavianbiogas.com 

Rune Thomas Ege, VP Sustainability & Public Affairs, Hurtigruten
+47 988 288 68, ege@hurtigruten.com

The Company in brief:
Scandinavian Biogas is today one of the largest private producers of biogas as a vehicle fuel. The Company also operates a manufacturing plant for pre-treatment of food waste and industrial organic waste, as well as a plant for production of raw biogas in South Korea and a plant for production of liquid biogas in Norway.

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

Read more

Interim report will be published on August 15, 2019

Read more

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

Read more

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

Read more

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

Read more

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

Read more

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

Read more

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

Read more

Scandinavian Biogas subsidiary to deliver liquid biogas to Hurtigruten

Read more

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

Read more

Scandinavian Biogas Annual Group Report 2018

Read more

Results from Scandinavian Biogas written procedure

Read more

Scandinavian Biogas initiates a written procedure

Read more

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

Read more

Scandinavian Biogas Intends to Conduct a Directed Share Issue

Read more

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

Read more

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

The plant in Skogn, Norway, has been delivering liquid biogas to the customer since September 2018. The Group’s EBITDA was negatively affected by one-off costs attributable to court rulings. Read more

Scandinavian Biogas initiates a written procedure

Read more

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

Read more

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

Read more

Worlds largest LBG factory in operation

Read more

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

Commissioning of the plant in Norway began at the end of June, and the Swedish government is to expand state support for biogas. Read more

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

Read more

Profitability 2018 is estimated to be lower than previously communicated

Read more

Safer management of your personal information

Read more

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

Read more

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

The shareholders of Scandinavian Biogas Fuels International AB (publ), 556528-4733, are hereby summoned to the annual general meeting on Monday the 25th of June 2018, at 15.30, Westmanska palatset, Holländargatan 17, Stockholm, Sweden. Read more

Results from Scandinavian Biogas written procedure

Read more

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

Read more

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

Cooperation agreement with Mönsterås Biogas AB and filling station in operation at Södertörn facility.  Read more

Scandinavian Biogas initiates a written procedure

Read more

Scandinavian Biogas Annual Group Report 2017

The annual group report 2017 for Scandinavian Biogas Fuels International AB (publ), announced in Swedish on the 27th of February 2018, is now available in English on www.scandinavianbiogas.com. Read more

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

Read more

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

The Group is reporting a significant year-on-year improvement in operational EBITDA, although a one-off non-cash provision of approximately SEK 14 million for the gas penalty in Ulsan impaired EBITDA in the fourth quarter. Work is in progress on a prospective listing of the Company’s share in a suitable marketplace and, in parallel with this, various strategic and capital structure alternatives are being evaluated. Read more

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

Read more

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

Read more

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

EBITDA for third quarter 2017 more than doubled year-on year. Work is in progress on a prospective listing of the Company’s share in a suitable marketplace.  Read more

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

EBITDA for second quarter 2017 nearly doubled year-on-year. The Group conducted two share issues and a subsequent bond issue. Read more

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

The Company’s application for listing of additional bonds on Nasdaq Stockholm has been submitted and the first day of trading is planned for 18 August 2017. The prospectus, which has been prepared for the listing, has been approved by the Swedish Financial Supervisory Authority. The prospectus is available on the Company’s website www.scandinavianbiogas.com and the Swedish Financial Supervisory Authority’s website www.fi.se. Read more

Scandinavian Biogas press release amendment of terms and conditions

Scandinavian Biogas Fuels International AB (publ) (the "Company") announces today that the Company has amended certain terms and conditions originally dated 9 February 2016 for the senior secured bonds with ISIN SE0007784111 in the amount of SEK 300,000,000. The amendment became effective on 22 June 2017. Read more

Scandinavian Biogas issues subsequent SEK 30 million senior secured bonds

Scandinavian Biogas Fuels International AB has placed a subsequent issue of senior secured bonds in the amount of SEK 30 million under the company’s outstanding bond loan with ISIN SE0007784111 and within a total frame amount of SEK 300 million. Total outstanding amount after the subsequent bond issue will be SEK 230 million. The bonds will bear a floating rate coupon of 3 months Stibor + 9.75 per cent p.a. and were placed at 100.5 per cent of par. The bonds will be listed on the corporate bond list on Nasdaq Stockholm. Read more

Scandinavian Biogas rights issue over-subscribed

Scandinavian Biogas Fuels International AB (publ) (the "Company") has completed a rights issue of shares which was decided upon, with support of authorization, by of the Board of Directors on 12 April 2017 (the “Rights Issue”). The Rights Issue was 100 per cent subscribed, corresponding to approximately SEK 23.4 million. Major shareholders who have given loans of SEK 16 million in total to the Company have requested, and the Board of directors has granted such request, to set-off their loans under the Rights Issue, corresponding to approximately 70 per cent of the Rights Issue. Read more

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

The plant at Södertörn was granted a new environmental permit which entitles the facility to significantly increase waste volumes and biogas production. The evaporator has been commissioned, significantly reducing external water consumption. Read more

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

The board of directors of Scandinavian Biogas Fuels International AB (publ) ("Scandinavian Biogas" or the "Company") has decided on a directed share issue of approximately SEK 43 million and a rights issue of approximately SEK 23 million (the "Rights Issue"). The Company has received subscription commitments corresponding to 97 per cent of the Rights Issue. The proceeds from the Rights Issue are intended to be used primarily to finance ongoing investments and to improve the Company's liquidity. Read more

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

The shareholders of Scandinavian Biogas Fuels International AB (publ), 556528-4733, are hereby summoned to the annual general meeting on Thursday the 11th of May 2017, at 09.00, Westmanska palatset, Holländargatan 17, Stockholm, Sweden. Read more

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

During the fourth quarter, a formal foundation-laying ceremony was held at the construction project at Skogn, and biogas production results at the Södertörn plant were somewhat of an improvement on the updated plan. Read more

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

The planned share issue is part of group´s strategic plan which is aiming for the listing of its share on a relevant marketplace earliest autumn 2017. Read more

Scandinavian Biogas Interim report for 1 January – 30 September 2016

Net sales continued to rise and third-quarter biogas production at Södertörn was on a par with the first and second quarters. Biogas production in September was the highest to date. Read more

Press Release

The Södertörn plant is not expected to achieve planned production volumes for the rest of 2016 Read more

International scientific biogas conference

Linköping 7-8 September 2016 Read more

Press Release

Interim Report Q2 2016 Read more

Interim Report - Q2 2016

1 January - June 30 2016 Read more

New European grant to

Scandinavian Biogas Fuels Read more

Press release

Interim report Q1 Read more

Interim Report - Q1 2016

1 January-31 March 2016 Read more

Summons to the Annual General Meeting

Thursday the 28th of April 2016, 13:30, Stockholm Read more

Unutilized residues

can increase biogas production with one terawatt hour Read more

Issues 4-year senior secured bond

Scandinavian Biogas Fuels International AB has successfully placed an issue of senior secured bonds in the amount of SEK 200 million. Read more

Invests in a new Liquid Biogas Plant

Scandinavian Biogas has signed a contract with Biokraft AS and TrønderEnergi to build a new production plant for Liquid Biogas. Read more

Summons to the annual general meeting of shareholders

Shareholders invited to the annual general meeting Read more

Macroalgae may be a new substrate in biogas production

EU-funded research is evaluating its potential Read more

Board of directors

Read more

Business objectives

Our concept, vision and mission statement. Read more

CONTACT

+46 (0)8 503 872 20 | info@scandinavianbiogas.com | Holländargatan 21A, 111 60 Stockholm

Privacy policy