€12.4 million investment for Swedish biogas from industrial waste project
The Swedish Environmental Protection Agency has awarded an investment grant to explore the possibility of producing biogas from industrial waste water.
A €12.4 million investment subsidy has been awarded to Finnish energy company Gasum, which is evaluating the potential of producing biogas at a large scale from industrial waste waters emitted from the Stora Enso Nymölla Pulp and Paper plant in Sweden.
The investment from the Swedish Environmental Protection Agency comes under its Climate Leap (Klimatklivet) programme. According to a statement, Gasum’s vision is ‘to build a Nordic gas ecosystem where the circular economy is at the core.’
Gasum’s aim at the Stora Enso Nymölla Pulp and Paper plant is to produce biogas that can be upgraded and liquefied for use in Sweden’s transport sector. The total investment volume for the project, including the grant from the Swedish Environmental Protection Agency, is around €27 million, with Gasum now proceeding to the investment decision phase of the project.
”We’d like to thank the Swedish Environmental Protection Agency for the positive investment support decision,” said Markus Olsson, managing director of Gasum.
“This will support our efforts to make the circular economy reality with the Stora Enso Nymölla Pulp and Paper mill. The biogas plant will be a sustainable solution for the processing of waste water.”