FDE announces Norway-based subsidiary with “six biogas plants” in development
The chairman of FDE, Julien Moulin, was positive about the company's prospects in Norway, stating: "Biogy Solutions AS is a newly founded Norwegian company with strong ambitions in the Norwegian market. FDE is an innovative low carbon energy producer, and our efforts in Norway, channeled through Biogy Solutions AS, is leveraging on the unique and patented technology from our subsidiary Cryo Pur SAS, focusing on biogas upgrading, liquefaction, and integrated carbon capture and storage solutions."
He added that FDE's primary objective is to use its expertise as a fully integrated operator in bio-LNG and bio-CO2 projects for industrial and mobility applications in Norway.
The organisation strongly believes in forging partnerships with experienced entrepreneurs, continued Moulin, and this approach led to FDE's collaboration with the founder and former CEO of Renevo and executive chairman of Biogy Solutions, Jan Kåre Pedersen.
"With a 80% majority ownership stake held by FDE and 20% by Jan Kåre Pedersen’s holding company, we are committed to fostering rapid growth and local value creation," Moulin addded.
Pederson stated: "We are developing six strategically located biogas plants in Norway, targeting total energy production in the range of 500-800 GWh. Land acquisition, pre planning, and engineering are already underway, with our first project set to be announced shortly. Our headquarters are located in Stord and we are currently building a robust presence across multiple locations in Norway to support our operations".
Biogy Solutions AS has put together a management team that includes CEO Antoine Forcinal, who also serves as the CEO of FDE.
"We are actively recruiting key personnel and are excited to unveil our inaugural project in Q4 2023," Pedersen said.