Shell invests in Dutch biomethane
Netherlands-based liquefied biomethane (BioLNG) technology and production firm Nordsol announced that it has acquired oil supermajor Shell as a strategic investor.
Shell will be represented by its private equity and investment division, Shell Ventures.
“The Nordsol/Shell partnership offers a unique end-to-end BioLNG solution for biogas producers,” said Mattijs Slee, Shell Ventures investment principal.
“The Shell Ventures investment will help to scale the technology and build a material business with impact. Nordsol and Shell want to play a leading role towards a zero-emission transport market and this partnership could provide a breakthrough solution.”
According to Nordsol, Shell Ventures’ minority investment will help fund Nordsol’s expansion into building, owning, operating and maintaining BioLNG plants together with biogas production partners.
“Our BioLNG proposition, based on smart, integrated technologies and a guaranteed BioLNG offtake, will provide a clean and valuable alternative for waste management. With Shell Ventures as our partner, we will combine our resources to make BioLNG mainstream,” said Jerom van Roosmalen, founding partner at Nordsol.
“It is the combination between Shell Ventures and Nordsol that will help enable LNG as the future energy source for the heavy transport sector. We look forward to a healthy cooperation.”