Nordsol’s new business concept combines its patented BioLNG technology with long term BioLNG offtake agreements with key LNG traders, offering a new and solid monetization route for biogas producers. The Shell Ventures minority investment will help fund Nordsol’s expansion to the full business concept of building, owning, operating and maintaining BioLNG plants together with biogas production partners. In addition to the benefits of BioLNG, the Nordsol process separates Bio CO2 for supply to consumers, resulting in a significantly reduced CO2 footprint.
“The Nordsol/Shell partnership offers a unique end-to-end BioLNG solution for biogas producers,” said Mattijs Slee, Shell Ventures Investment Principal. “Nordsol and Shell want to play a leading role towards a zero-emission transport market and this partnership could provide a breakthrough solution.”
“Our BioLNG proposition, based on smart, integrated technologies and a guaranteed BioLNG offtake, will provide a clean and valuable alternative for waste management. With Shell Ventures as our partner, we will combine our resources to make BioLNG mainstream,” said Jerom van Roosmalen, founding partner at Nordsol.
BioLNG has reduced CO2, NOx, particulate matter and engine sound emissions, and the Nordsol technology creates a pathway to net zero emissions immediately with BioLNG as a 100 percent substitute to LNG. The growing LNG fueling station network and fleets of LNG powered trucks and ships create higher value market for biogas than production of power or grid feed-in that is the norm today.
Nordsol is aiming for partnerships with existing biogas producers to rollout the BioLNG facility network in Europe.