Scandinavian Biogas signs a multi-year agreement worth approximately SEK 300 million for the supply of liquid biogas to the transport sector in the Nordic region

Press Release, 7 November 2022

Recently, it became clear that the biogas producer Scandinavian Biogas will play an important role in the expansion of fossil-free liquefied biogas (Bio-LNG) for the transport sector in Sweden and the Nordic region.

The agreement runs over several years and deliveries of liquefied biogas will begin shipping in 2023. The large volumes of liquefied biogas will contribute to a sustainable circularity for the transport sector.

- It is of course gratifying for us to be trusted to be on this journey and to be able to contribute to the expansion of biogas in the Nordics. says Sohrab Moshiri, Group Head of Sales Scandinavian Biogas.

Liquid biogas comes from organic waste that is converted into biofertilizer and biogas, then the biogas is upgraded and liquefied. The deliveries are intended from Scandinavian Biogas' production facilities in Sweden.

- Our biogas is a 100% renewable Swedish product. It is a step towards making Sweden less dependent on fossil natural gas, says Matti Vikkula, CEO Scandinavian Biogas.

The order is worth approximately 300 million at today's market prices, which is in line with communicated growth plans.

For further information, please contact:
Matti Vikkula CEO
Mobile +46 (0) 70 597 99 38
E mail matti.vikkula@scandinavianbiogas.com

Scandinavian Biogas is a leading Nordic producer of biogas for vehicle fuel and fertilizer. Biogas is CO2-neutral and made from sewage and household, agriculture as well as industrial organic waste. Today Scandinavian Biogas has facilities in Sweden, Norway and Korea. In 2021, the company delivered 366 GWh of energy. Scandinavian Biogas has 100 employees and total net sales of SEK 394 million in 2021. The head office is located in Stockholm and the company is listed on Nasdaq First North. Certified advisor is Erik Penser Bank AB, telephone: +46 (0) 8-463 80 00, certifiedadviser(at)penser.se. www.scandinavianbiogas.com