On October 31, 2020, Gasum acquired the entire share capital of the Swedish biogas producer Skövde Biogas AB from Torran Gas Holding AB. The biogas plant in Skövde, Västra Götaland, has a production capacity of up to 40 gigawatt hours, depending on the material used as raw material. The acquired plant will help Gasum, together with its own biogas plant in Lidköping, the company's 50% owned Vadsbo plant and the planned new plant in Götene, to increase its biogas production capacity and optimize the sourcing and distribution of raw material among its biogas plants in the area.
“This acquisition is an integral part of Gasum's strategy to accelerate the growth of cleaner transport solutions in the Nordic countries. We are very pleased with the acquisition of the Skövde biogas plant, as it will help us increase our own biogas production and bring added value to our existing plant base,” says Johanna Lamminen, CEO of Gasum .
Industrial-scale circular economy
The acquisition of the Skövde production plant will promote large-scale biogas production in the area. Potential raw material suppliers with significant quantities of feedable material available need a stable partner capable of receiving and handling large quantities of different waste materials.
Gasum is now able to source raw materials from sites that would otherwise have been considered outside Gasum's local biogas plant network. This offers significant synergies in raw material sourcing. The Skövde biogas plant also produces biofertilizers for use on local farms.
This region of Sweden is known for its agriculture and organic production. Through the production of renewable biogas, Gasum is able to provide local farms with industrial-scale circular economy solutions.
Biogas is a completely renewable energy source that can be produced from a wide range of biodegradable wastes. The use of biogas as a transport fuel can help reduce CO2 emissions by up to 90% compared to fossil diesel. Gasum now has 15 biogas plants in Finland and Sweden, and the company is one of the largest biogas producers in the Nordic countries. By 2024, Gasum will bring 4 TWh of biogas from its own and its partners' production to the Nordic market.