Gasum acquires Danish biogas major Hærup to raise portfolio
Gasum has announced that it has signed a share purchase agreement for 100% of the shares in Hærup Biogas ApS which is currently generating about 40 GWh biogas.
Nordic gas & clean energy conglomerate Gasum has fully acquired the Denmark’s Hærup Biogas ApS with the objective to expand its biogas production portfolio. Hærup Biogas ApS owns and operates a biogas plant in the northern part of mainland Denmark.
Currently the plant mainly uses manure to produce approximately 40 GWh biogas which is used for power and heat production at the biogas plant itself and at local district heating company Klejtrup Varmeværk. Gasum is looking forward to continuing the long-term relationship with Klejtrup Varmeværk. Further, Gasum plans to invest in a gas upgrading unit and a gas grid connection for the plant to fully utilize the existing production capacity.
“This acquisition is one step towards Gasum’s strategic goal of significantly increasing our biogas offering. We are both making investments into increasing our own production as well as sourcing more from trusted European partners. Acquiring Hærup Biogas allows us access and deeper insight into the Danish biogas market. Denmark is an attractive location for biogas production because of its strong agricultural sector: manure feedstock availability is good, fertilizer demand is high and transport distances are short”, says Mika Wiljanen, CEO of Gasum.
Raising Clean Gas Profile
The acquired operation will be Gasum’s first biogas plant in Denmark. The country is the fourth largest biogas producer in Europe with over 8,000 GWh of biogas produced per year.
Gasum’s strategic goal is to bring seven terawatt hours (7 TWh) of renewable gas to the Nordic market yearly by 2027. Part of the plan is constructing five new large scale biogas plants in Sweden. The first of the plants is starting production in early 2025, the second is under construction.
Achieving the ambitious 7 TWh goal would mean a total carbon dioxide reduction of 1.8 million tons per year for Gasum’s customers. The lifecycle emissions of biogas are on average 90% lower compared to traditional fossil fuels such as diesel. When produced using manure, the emissions can even be negative.
