Heygaz acquires Irish biomethane platform Ormonde Organics
Ormonde Organics operates two anaerobic digestion plants at Portlaw, County Waterford and Youghal, County Cork in the South of Ireland with a total production capacity of 60 GWh annually.
European biogas major Heygaz Biomethane has reached an agreement to purchase the leading Irish biogas and biomethane producer, Ormonde Organics. Heygaz is a portfolio company of funds managed by InfraVia Capital Partner.
Ormonde Organics operates two anaerobic digestion plants at Portlaw, County Waterford and Youghal, County Cork in the South of Ireland with a total production capacity of 60 GWh annually. Full planning permission has been secured for a third facility which is expected to become operational at the end of 2025. Currently, most of the biogas produced by those plants is used to generate renewable electricity. A small portion of the biogas is upgraded to biomethane delivered as bio CNG.
Ormonde plans to increase biomethane production and to promote its use in transport and industrial applications thus enabling decarbonisation and improving security of supply.
Ireland has a first-class opportunity to develop a scaled biomethane industry as a result of its abundant, sustainable agricultural feedstocks. This potential aligns with the Government of Ireland’s recent commitment to increase biomethane production from 75 GWh to 6 TWh by 2030.
With the addition of Ormonde Organics, Heygaz is entering the Irish market in a leadership role and will leverage the asset ́s strong technical and professional skill base to pursue the further development of new biomethane production projects in the country. Heygaz plans to continue its strategy to build and consolidate a European network of biomethane production plants across a selected number of high-growth potential markets through both greenfield and brownfield development opportunities.
Heygaz Chairman, Fernando Sarasola, said, “Together with our new partners Martin Morrissey and Michael Murphy, we are ready to seize the substantial growth opportunities in the Irish biomethane sector. We are delighted that both Mr Morrissey and Mr Murphy will remain as equity participants in the business.”
Nicolas Ritter, Investment Director at InfraVia, added, “We are very happy at InfraVia to support the management in delivering their ambition to create a scaled European biomethane producer with a full suite of competences from feedstock and digestate management to brownfield and greenfield asset base roll out and optimal commercialisation of our renewable gas production.”
Ormonde Organics CEO, Martin Morrissey, held, “We believe joining Heygaz will enable Ormonde Organics to reach its full potential, enabling the company to play a positive role in the development of Ireland’s green economy.”
