SUMMARY

This acquisition will see CIP and the current owners investing in the expansion of the biogas plant, which is located in Hjørring.

By Shardul Sharma

Copenhagen Infrastructure Partners (CIP) announced on May 17 that it has signed a deal with KK Invest and DBC Invest to acquire a majority stake in the Sindal Biogas plant in Denmark.

This acquisition will see CIP and the current owners investing in the expansion of the biogas plant, which is located in Hjørring, Northern Jutland. The current owners, KK Invest and DBC Invest, have agricultural roots and are committed to enhancing the sustainable bioenergy sector in the region.

CIP's investment is facilitated through its CI Advanced Bioenergy Fund I (CI ABF I), which is supported by several major Danish pension funds. This investment aligns with CI ABF I's strategy to convert industrial and agricultural waste into green gas, thus addressing multiple environmental challenges.

"We see great potential in the conversion of sustainable biomass into green gas and green fuels, which play a crucial role in the green transition. The acquisition of the majority of the shares in Sindal Biogas represents an important step for our fund and portfolio of biogas projects," said Thomas Dalsgaard, partner at CIP.

Founded in 2017, Sindal Biogas is currently undergoing expansion to handle 500,000 tonnes of biomass annually, with a projected production of up to 34mn m3 of upgraded biogas for the gas grid. Additionally, the plant will capture and utilize biogenic CO2, contributing to the green transition. The upgraded biogas from the plant is expected to displace up to 50,000 tonnes of fossil CO2 annually, significantly contributing to environmental sustainability.

 

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