Biokraft commissions the world's largest biomethane liquefaction unit and doubles its capacity to produce liquefied biomethane (Bio-LNG).
Stockholm on 24 August 2023
Biokraft passed a major milestone today when the newly built liquefaction plant, connected to our biogas plant in Södertörn, delivered its first batch of bio-LNG. The shipment consisted of 34 tons of bio-LNG to be used by trucks in northern Europe. A filled container holds 17 tons of bio-LNG which is enough for fossil-free driving with a fully loaded long-haul truck for approximately 50,000 kilometers.
Biokraft's biogas is 100 per cent fossil-free and produced by digesting collected food scraps and slaughterhouse waste from municipalities in Greater Stockholm. The newly built liquefaction plant is located directly adjacent to the digesters in Södertörn and converts biomethane into liquid through cooling. The unit has a production capacity of 220 GWh per year and is thus the world's largest (with a production capacity of 50 tons of bio-LNG per day). The company's potential market is significantly broadened towards heavy road transport, shipping and industry thanks to liquefaction. Bio-LNG has a high energy content per unit volume and can be transported long distances at a reasonable cost to meet a strong demand in Northern Europe.
"The launch of Stockholm bio-LNG is a major strategic milestone and strengthens our market position as one of Europe's leading bio-LNG producers in the Northern European market. The project also shows that, in line with our strategic growth plan, we have the competence and capacity to build and operate large-scale biogas plants," says Matti Vikkula, CEO of Biokraft.
The Stockholm bio-LNG project started two years ago. The investment is approximately SEK 330 million and has been financed with equity, bond loans and government investment support from Klimatklivet.
"It has been exciting to lead this project, which, despite challenges, was completed reasonably according to plan. I am incredibly proud of the engineering created by the entire team and in collaboration with our suppliers and partners," says Jean Collin, Senior Project Director at Biokraft.
The Stockholm bio-LNG project will be in the commissioning phase for some months while production is scaled, and functions and delivery parameters are tested. We expect the facility to be transferred to regular production towards the end of the year.
For more information, please contact:
Matti Vikkula, CEO Biokraft International AB
Telephone +46-70 597 99 38
Email: matti.vikkula(at)biokraft.com
Biokraft is a Nordic greentech company that produces bioenergy and plant nutrition in a circular cycle by recycling organic waste and residual products in large-scale biorefineries. Biogas is CO2-neutral and lowers GHG emissions by over 100% when replacing fossil fuels. Biokraft will build, own and operate large-scale biogas plants with a focus on the Northern European market. Today there are facilities in Sweden, Norway and Korea. Biokraft has just over 110 employees and had total revenues of SEK 407 million in 2022. The company is listed on the Nasdaq First North Premier Growth Market. The Certified Adviser is Erik Penser Bank AB. www.biokraft.com
