Gasum has acquired the entire share capital in Skövde Biogas AB from Torran Gas Holding AB

November 4, 2020

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Gasum’s biogas production volumes to increase

Gasum has acquired the entire share capital in Skövde Biogas AB from Torran Gas Holding AB on October 31. The transaction will allow Gasum, the leading gas sector actor in the Nordic countries, to increase the volume of in-house produced biogas in its portfolio and expand the whole biogas value chain from feedstock sourcing to distribution and use. The acquisition involved the transfer of three current employees to Gasum.

Gasum has acquired the entire share capital in Skövde Biogas AB from Torran Gas Holding AB on October 31. Today, the newly acquired biogas plant in Skövde has the potential to produce up to 40 GWh with the right feedstock. The Skövde plant, along with Gasum’s biogas plants in Lidköping and Vadsbo (50% Gasum ownership) and a planned one in Götene, will allow Gasum to boost its biogas production capacity. The acquisition will also enable Gasum to optimize raw material sourcing and distribution between other Gasum biogas plants in the area.

“The transaction is an integral part of Gasum’s strategy execution to accelerate growth for cleaner fuel solutions across the Nordics. We are excited about this acquisition, as it allows us to increase our volumes of in-house produced biogas and add greater value to our existing portfolio of biogas plants,” says Gasum CEO Johanna Lamminen.

Industrial scale circular economy

The addition of the Skövde plant will help to facilitate large-scale biogas production in the area. Potential suppliers with considerable volumes of excess raw material need a stable partner that can receive and process a wide range and large quantities of waste-based feedstocks.

Gasum can obtain these materials from locations that would otherwise have been considered beyond the bounds of Gasum’s network of local biogas plants. This will create significant synergies in feedstock sourcing. The Skövde plant will produce bio fertilizers, which will be distributed to surrounding farms.

This area in Sweden is highly valued in terms of agriculture and eco-farming. By producing renewable biogas, Gasum will be able to provide farmers in the vicinity with circular economy solutions on an industrial scale.

Biogas can be produced from different biodegradable waste streams and is a 100% renewable energy source. When used as fuel in road transportation, biogas can reduce CO2-emissions by up to 90% compared to fossil diesel. Gasum now has 15 biogas plants in Finland and Sweden, making the company one of the largest producers of biogas in the Nordics. Gasum will make 4 TWh of biogas available in the Nordics by 2024 through its own production and partners.