Unutilized residues can increase biogas production with one terawatt hour

Only a small fraction of the organic residues from the Swedish pulp and paper industry are today used for biogas production.  Recently performed research  shows that biogas corresponding to one terawatt hour can be produced from this residue with the added benefit of greatly reducing  the need for electricity in present purification processes. An extended use of these residues would also mean a better distribution of biogas producing facilities in Sweden.

The research leading to these results has been performed at the department of Environmental Change at Linköping University and is a collaboration between the university, Scandinavian Biogas Fuel and Pöyry. The project was financed by the Swedish Energy Agency.

“The results from the project, that was initiated in 2011, forms a base for implementation within the pulp and paper industry and means that we can start an efficient biogas production in regions where other types of substrate are scarce,” says Scandinavian Biogas´ R&D director Jörgen Ejlertsson.

The project has generated a better understanding of the prerequisites within the industry and resulted in a number of biogas production concepts depending on the pulp and paper process in place. This means that efficient biogas processes, where the investment cost per cubic meter biogas are reduced, can be achieved. A biogas production corresponding to one terawatt hour would mean increasing Swedish biogas production by 60% and corresponds to the total amount of biogas upgraded to vehicle fuel in 2014.

The first production site where this knowledge will be put to use is the plant now under construction at Norske Skogs paper and pulp mill Skogn outside Trondheim. The plant will be built by Scandinavian Biogas affiliated company Biokraft AS and will produce liquid biogas corresponding to 125 GWh.

“To achieve a sustainable energy transformation the production of renewable energy carriers needs to be increased. To be able to use residues from pulp and paper production for this purpose is “killing two birds with one stone”; energy rich biogas is produced at the same time as the need for electricity used in wastewater purification can be reduced by up to 50%.  For Scandinavian Biogas this is a big step forward in our ambition to reach an in-house biogas production corresponding to one 1 terawatt hour energy by the year 2020,” says Scandinavian Biogas´ CEO and president Matti Vikkula.

For further information please contact:
Matti Vikkula, CEO Scandinavian Biogas, +46 70 597 99 38, matti.vikkula@scandinavianbiogas.com or, Jörgen Ejlertsson, Director of R&D, Scandinavian Biogas Fuels, +46 73 993 95 73, jorgen.ejlertsson@scandinavianbiogas.com

www.scandinavianbiogas.com

 

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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