The IPO supports the company's plan to construct roughly 25 new power projects by 2028 and to grow an existing portfolio of 10 biogas plants operated on behalf of investment entities backed by Aviva and JLEN Environmental Assets Group.
The growth strategy includes carbon-capture and storage (CCS) "bolt-on" projects which further boost the environmental credentials for the soon-to-be-listed share.
Future Biogas is teamed up with the Northern Lights Project -- a venture by a number of oil and gas firms with a presence in the North Sea. Carbon captured by Future Biogas will be supplied to Northern Lights for permanent storage underground, beneath the North Sea. The Northern Lights venture partners include Royal Dutch Shell, Total and Equinor.
Future Biogas will generate carbon offsets for its part in the venture, and it intends to sell them to corporate buyers. (Source: Future Biogas Ltd., PR, Investor, 15 June, 2021) Contact: Future Biogas Ltd., Philipp Lukas, CEO, +44 1483 375920, www.futurebiogas.com
More Low-Carbon Energy News Future Biogas, CCS, Biogas, Northern Lights , Carbon Offsets,
Specialising solely in AD technology, Fern helps AD plant owners and managers use the latest science to optimize biogas outputs. Fern AD is also the exclusive retailer of its own "T16" digester additive, made with a balanced recipe of trace elements.
Future Biogas' biologists have extensive experience in the field, working on the company's 13 AD plants. The firm harvests 250,000 tonnes of maize to power its plants and produces 50MW of biogas every hour of the year, according to the company website.
(Source: Fern AD Website, Mar.,2020) Contact: Fern, Helen Wyman, Mgr., +44 0 7830 66452, www.fernfarming.com; Future Biogas,
Philip Lukas, Managing Dir., +44 (0) 1483 375 920,
More Low-Carbon Energy News Future Biogas, Biogas, Methane, Anaerobic Digestion ,