Bio-LNG production increases yearly over 70 percent in Europe
The European market for compressed biogas (CBG) has grown rapidly. Annual average production growth was above 70 per cent between 2011 and 2019.¹ CBG is currently the most utilized form of biogas in the Nordic region.
Demand for biogas is growing in Europe. In 2021, the EU initiated several regulations and directives that are expected to have a positive impact on biogas demand. This included the FuelEU Maritime initiative, aimed at increasing the use of renewable fuels in the European shipping industry.
Enormous potential for Bio-LNG (liquid biogas)
A paradigm shift is currently underway as the advantages of Bio-LNG become increasingly apparent for heavy transport and shipping in the Nordic region and Europe. Up to and including 2021, the Swedish Environmental Protection Agency has granted subsidies through the Klimatklivet initiative for 62 production facilities for biogas, other biofuels and hydrogen, as well as 177 renewable fuel filling stations across Sweden. More and more gas-powered vessels are being procured by Nordic shipping companies and others, and Bio-LNG may eventually power these vessels.
The manufacturing industry has also begun to show interest in Bio-LNG. Toyota Material Handling in Mjölby, which manufactures industrial trucks, was one of the first Nordic industry operators to do so. A prerequisite for realising the long-term potential of biogas is continuing to scale up Bio-LNG production, as it is easier to use biogas in liquid form in industry and as vehicle fuel. Bio-LNG is also better suited for longer transports and can therefore open the way for a Scandinavian biogas market. Biogas is currently distributed locally and regionally by lorry or via a gas pipeline network.
1. European Biogas Association, 2020
2023-02-07
Invitation to the presentation of Scandinavian Biogas’ Year-End Report and fourth quarter 2022
2023-01-22
Profit warning mainly driven by problems with commissioning of Skogn II, Norway
2022-12-01
Statement by the Board of Directors of Scandinavian Biogas in relation to Aneo Renewables’ mandatory offer
2022-11-23
Comment from the Board of Directors of Scandinavian Biogas Fuels International AB (publ) about the mandatory tender offer from Aneo Renewables Holding AS
2022-11-07
Scandinavian Biogas signs a multi-year agreement worth approximately SEK 300 million for the supply of liquid biogas to the transport sector in the Nordic region
2022-11-02
Scandinavian Biogas Fuels International AB (publ) announces extended payment period in ongoing directed share issue following Aneo’s customary notification to the Norwegian Competition Authority
2022-10-27
Report from the Extraordinary General Meeting of Scandinavian Biogas Fuels International AB (publ)
2022-10-27
Q3:Strategically strengthened market position and financial position, SEK 326 million in directed new share issue
2022-10-06
NOTICE OF EXTRAORDINARY GENERAL MEETING IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)
2022-10-05
Scandinavian Biogas has decided to carry out a directed share issue of SEK 326 million, subject to subsequent approval by the extraordinary general meeting
2022-10-05
Scandinavian Biogas explores the conditions to carry out a directed share issue of approximately SEK 320 million
2022-07-20
Q2: Comprehensive agreement for 1 TWh bio-LNG with Alternoil signed, order value of SEK 2.7 billion
2022-07-19
Scandinavian Biogas updates financial targets for 2024 and confirms accelerated capacity expansion to reach 3 TWh by 2030
2022-07-08
Scandinavian Biogas´report for the second quarter and invitation to a digital conference on the 20[th] of July, 2022
2022-06-29
Scandinavian Biogas receives SEK 154 million in investment support from Klimatklivet to build biogas plant in Örkelljunga
2022-06-12
Scandinavian Biogas announces SEK 2.7 billion Bio-LNG delivery agreement with leading German LNG distributor Alternoil
2022-04-28
Report from the Annual General Meeting of Scandinavian Biogas Fuels International AB (publ)
2022-04-25
Scandinavian Biogas´ report for the first quarter and invitation to a digital conference on the 28[th] of April, 2022
2022-04-11
Scandinavian Biogas’ profitability during the first quarter of 2022 is significantly lower than planned
2022-03-31
Scandinavian Biogas Fuels International (publ) publishes annual report for 2021
2022-03-29
Notice of Annual General Meeting in Scandinavian Biogas Fuels International AB (Publ)
2022-02-17
Year end report 2021 Scandinavian Biogas. New long-term target for 2030, 3 TWh biogas production, mainly Bio-LNG
2022-02-17
Scandinavian Biogas defines long term target for 2030 – 3 TWh biogas production, mainly Bio-LNG
2022-02-14
Scandinavian Biogas´report for the fourth quarter and invitation to a digital conference on the 17[th] of February, 2022
2022-02-01
Scandinavian Biogas strengthens the organization to meet growing demand for liquefied biogas
2022-01-24
Scandinavian Biogas invests 300 miljon SEK in northern Europes largest plant for Bio-LNG
2021-12-13
Scandinavian Biogas receives SEK 154 million in investment support from Klimatklivet to build biogas plant in Mönsterås
2021-10-29
Q3: EU and Sweden make long-term investment in biogas in the transition to a circular economy
2021-10-19
Scandinavian Biogas’ report for the third quarter and invitation to a conference meeting on October 29
2021-07-15
Scandinavian Biogas’ report for the second quarter and invitation to a conference meeting on July 23
2021-04-29
Implementation of the growth plan is progressing, Klimatklivet has awarded the Group investment grants of SEK 135 million in Sweden, and the Skogn II project in Norway is launched
2021-04-29
Scandinavian Biogas is investing NOK 170 million in the expansion of a facility for liquid biogas in Norwegian Skogn
2021-04-20
Scandinavian Biogas invites to the AGM presentation and quarterly report presentation on April 29