Geminor acquires Norwegian producer Bøn Biobrensel
In a recent press release Geminor announced that it signed an agreement that secures 100% of Norwegian company, Bøn Biobrensel.
CEO of Geminor, Kjetil Vikingstad, and general manager of Bøn Biobrensel, Johan Peter Olö, both signed the agreement. The acquisition means that Geminor doubles its capacity in the production of wood chips that will be used for fuel in waste-to-energy facilities.
Established in 2011, Bøn Biobrensel produces wood chips and biochips as secondary fuels and operates mobile CBI grinders that are located at recycling stations. The company produces 75,000 tonnes of chips and had a turnover of €1.5 million in 2018.
General manager at Bøn Biobrensel, Johan Peter Olö said, “We are pleased to become a part of an ambitious company such as Geminor.”
“The operation will continue as before, but we are now set for larger production and more tailor-made customer solutions in the years to come. In 2019 we expect to increase the production of chips to 120,000 tonnes,” added Olö.
CEO of Geminor, Kjetil Vikingstad said, “With Bøn Biobrensel AS we increase our capacity and become significantly stronger in mobile production projects in Norway.”
“Our desire is to become a complete service provider in the industry, both in terms of treatment and recovery of waste and secondary fuels. With the acquisition of Bøn Biobrensel we are taking a big step in the right direction,” concluded Vikingstad.