Scandinavian Biogas News

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2021-03-11 08:30

Scandinavian Biogas receives SEK 135 million in investment grants from Klimatklivet

To be used to convert plants in Stockholm to produce liquid biogas (LBG)

Scandinavian Biogas, through two subsidiaries with production units in the Stockholm region, has received investment grants from Klimatklivet amounting to SEK 135 million. The grants relate to projects to expand the production capacity of liquefied biogas produced at the companies' plants in the Stockholm region.

Klimatklivet is a grant to reduce emissions of carbon dioxide and other gases with a negative impact on the climate. The Swedish Environmental Protection Agency (Naturvårdsverket) decides which projects should be awarded the subsidy. The funds shall provide the maximum possible reduction of hazardous emissions per krona invested.

Will provide market with liquified biogas equivalent of 23.5 million liters of diesel

The projects are scheduled to begin in 2021. In total, this will enable an annual production of 235 GWh of liquid biogas (LBG) in Stockholm. That equates to about 23.5 million liters of diesel.

It is primarily the transport sector that is choosing biogas as an opportunity to meet the increased demands for a smaller carbon footprint. Across Europe, a network of biogas filling stations is now being built to meet the requirements of heavy transport. In Sweden, the number of filling stations for biogas has increased by over 200 percent since 2018. Liquid biogas (LBG) only requires one sixth of the tank volume that of gaseous biogas does, and to transport liquid gas has become a very interesting possibility to refuel vehicles.

"The investment grant shows that Klimatklivet believes in our projects, and that we have the financial strength to complete them. This is fully in line with business area Sweden's transition to production of liquid biogas. We are seeing a significant increase in demand for liquid biogas from both national and European customers", says Michael Wallis Olausson, Director of Business Area Sweden.

"The projects in Stockholm are an important part of the company’s growth and adaptation to a growing market with new customer segments. Klimatklivets contributions are important steps towards the Group's 2024 targets of a production capacity of 700 GWh and an EBITDA margin of at least 30%", says Matti Vikkula, CEO Scandinavian Biogas Group

For more information
Matti Vikkula, CEO Scandinavian Biogas, phone +46-70 597 9938

Michael Wallis Olausson, Director Business Area Sweden, phone +46-70-537 5373

Scandinavian Biogas is a leading Nordic producer of biogas for vehicle fuel and fertilizer. Biogas is CO2-neutral and made from sewage and household-, agriculture as well as industrial organic waste. Today Scandinavian Biogas has facilities in Sweden, Norway and South Korea. In 2020, the company delivered 355 GWh of energy. Scandinavian Biogas has 92 employees and total sales of SEK 455 million (proforma) in 2020. The head office is located in Stockholm and the company is listed on Nasdaq First North.  www.scandinavianbiogas.com

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2021-03-11

Scandinavian Biogas receives SEK 135 million in investment grants from Klimatklivet

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

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2020-12-02

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2020-11-26

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2020-11-25

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2020-11-23

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

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2020-11-19

Notice of extraordinary GENERAL MEETING IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2020-11-19

TrønderEnergi becomes the largest shareholder in Scandinavian Biogas

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2020-10-28

Scandinavian Biogas Interim Report for the period 1 January – 30 September 2020 Scandinavian Biogas Fuels International AB (publ) Org.nr. 556528-4733

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2020-09-30

Scandinavian Biogas refinanced loan of SEK 200 million within the framework of green financing

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2020-09-30

Scandinavian Biogas establishes green framework with the independentrating "Dark Green"

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2020-08-20

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2020 Scandinavian Biogas Fuels International AB (publ) Org.nr. 556528-4733

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2020-06-25

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

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2020-06-10

The nomination committee’s proposal regarding board of directors and remuneration for the annual general meeting 2020

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2020-06-04

Scandinavian Biogas Annual Group Report 2019

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2020-05-20

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2020-04-29

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2020

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2020-03-24

Scandinavian Biogas Fuels International AB (publ) Year-end report for the period 1 January – 31 December 2019

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2020-02-10

Scandinavian Biogas has today repaid the bond loan 2016/2020

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2019-10-31

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

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2019-09-30

Scandinavian Biogas secures financing for repayment of bond loan 2016/2020

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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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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

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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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2018-06-29

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2016-09-07

Press Release

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2016-08-19

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2016-08-18

Interim Report - Q2 2016

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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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