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Home BUSINESSGasum buys Taaleritehdas
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Tue, 12 Jan, 2016 12:09:34 AM
FTimes – STT Report, Jan 12
 
Gas company Gasum refueling station in Helsinki. File Photo – Lehtikuva.
Finnish gas companies Gasum and Taaleritehdas on Monday signed a contract concerning the sale of the Biotehdas biogas plant chain owned by the Taaleritehdas Biofactory I Ky Private Equity Fund, said Gasum in a release.
 
The nationwide chain is the Finnish market leader in the biogas sector and comprises the fully operational biogas plants in Huittinen, Kuopio, Oulu and Honkajoki and a plant to be completed in summer 2016 in Riihimäki.
 
The transaction is expected to complete at the end of the February.
 
According to Gasum, the acquisition will help Gasum ensure access to biogas also in areas outside the gas pipeline network and enable an even more comprehensive offering to Gasum’s customers.
 
“This transaction is an important step for Gasum in the development of the biogas business and market as Biotehdas has been leading the way in Finnish environmental solutions based on the circular economy,” said Johanna Lamminen, CEO of Gasum Ltd.
 
The Biotehdas biogas plants annually process a total of 275,000 tonnes of biodegradable waste such as biowaste from homes and industry as well as sludge from wastewater purification plants. 
 
An annual total of around 170,000 megawatt hours of renewable biogas energy is produced by the five facilities.
 
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