Lantmännen establish Lantmännen Biogas AB – sees growth potential in biogas
Lantmännen has identified biogas as a growth area and is now establishing Lantmännen Biogas AB. Lantmännen has organic residual streams from its own operations, the values of which can be maximized by being used as a raw material for biogas production.
"We see great potential in biogas and will now continue to investigate the possibilities for development in the area. By investing in biogas, we would be able to ensure the utilisation of residual streams from Lantmännen's own production to an even greater extent and build on our circular business model," says Lars-Gunnar Edh, Head of Lantmännen's Energy Division.
With a high focus on resource efficiency and sustainability, Lantmännen currently processes grain and circular residues from the food industry into sustainable biofuels, green chemicals and raw materials for feed and food production. Lantmännen sees expanding through a new biogas business as a natural development of the business it currently operates – and in line with the goal of continuing to increase circular flows in the value chain from field to fork.
"With a large raw material base, the conditions are in place to be a stable partner against the gas market's increased need for renewable and fossil-free energy. In the process, biofertilizer is also created that can be used in agriculture and thereby create additional added value on our owners' farms and for Swedish agriculture in general," concludes Magnus Kagevik, President and CEO of Lantmännen.
For more information, please contact:
Lantmännen's press office
Tel: 010 556 88 00 E-mail: press@lantmannen.com
Lantmännen is an agricultural cooperative and Northern Europe's leading player in agriculture, machinery, bioenergy and food. We are owned by 18,000 Swedish farmers, have 12,000 employees, have operations in some 20 countries and have an annual turnover of approximately SEK 70 billion. Our company is founded on knowledge and values that have been with our owners for generations. Through research, development and operations throughout the value chain, we take responsibility together from field to fork. www.lantmannen.se
