CIP to develop biogas plant in Belgium with local partner
The partners will jointly develop the “large industrial scale” biogas project towards final investment decision, which is expected by end-2023. Danish biogas technology provider Lundsby Biogas A/S will participate in the project as a minority shareholder.
The facility will produce biogas from sustainable feedstock - agricultural and industrial organic waste. The biogas can be supplied to the natural gas grid or can be liquified to be used as transport fuel.
The project is an investment for CIP’s CI Advanced Bioenergy Fund I, which reached second close of EUR 500 million (USD 485m) last month and has a target size of EUR 1 billion.
“We continue to see great potential in an efficient conversion of organic waste to green gas and green fuels - and believe that advanced bioenergy plays a key role in the green transition of the transportation sector and replacement of fossil natural gas,” said Thomas Dalsgaard, partner at CIP.