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EnviTec Biogas AG is Germany’s largest biogas producer and continues to invest in expansion

EQS-News: EnviTec Biogas AG / Key word(s): Expansion/Forecast EnviTec Biogas AG is Germany’s largest biogas producer and continues to invest in expansion 21.03.2024 / 11:00 CET/CEST The issuer is solely responsible for the content of this announcement. Own Investment reliably delivers highest revenue share for EnviTec Biogas

EnviTec Biogas AG is Germany’s largest biogas producer and continues to invest in expansion

21 March 2024 – The biggest investment programme in the history of EnviTec Biogas AG is currently underway, with a budget of EUR 100 million. “Our company strategy is based around expanding our Own Investment division and massively scaling-up our energy production,” explains Olaf von Lehmden, CEO of the international mid-sized enterprise based in Saerbeck and Lohne, Germany.

Operation of the plants is 100% in-house by EnviTec itself or with partners from the agriculture sector. “These are always partnerships among equals, of course,” adds CFO Jörg Fischer. “At the same time, we have a clear division of responsibilities, with our partner providing the premises and the input materials, for example, while we handle all of the service work and also handle the commercial side of the business.”

“In our domestic market of Germany, we now have 81 plants with an annual biogas generation capacity of around 1,500 GWh per year. In other European countries we operate another seven plants with a nominal annual output of 180 GWh,” Fischer continues. With the completion of the new investments begun in 2023, annual biogas generation capacity will rise to around 1,800 GWh/year in 2025. While biogas upgrading plants now account for around a third of this figure, this proportion is set to rise fast. This also makes EnviTec the biggest biogas producer in Germany, von Lehmden notes.

“As an all-rounder and leading biogas producer in Germany, we are not only a major contributor to the energy transition but are also decarbonising other parts of the energy sector in general, such as the transport sector or in relation to building energy,” says von Lehmden. One such major contribution to the decarbonisation of the transport sector is EnviTec’s acquisition of BioEnergie Park Güstrow and its extensive conversion to Germany’s largest integrated bio-LNG plant plus CO₂ liquefaction (LCO₂). Von Lehmden: “Having acquired this plant, we can now operate as an independent provider of climate-neutral fuel for the utility/heavy goods vehicle transport market, making green LCO₂ available and blazing a trail for the industry as a whole.” The green LCO₂ is utilised in the food industry and will also become indispensable in the medium term for hydrogen derivatives. “Where biomethanol or biokerosine are needed and produced from hydrogen, a green carbon molecule is always required,” von Lehmden explains. This makes EnviTec already part of the hydrogen transition today.