Biogy Solutions AS: An Ambitious Player to the Norwegian Biogas and Bio-CO2 Market
PONTPIERRE, France–(BUSINESS WIRE)–Regulatory News:
FDE (Euronext: FDE – ISIN: FR0013030152), a carbon negative energy producer, is pleased to announce that Biogy Solutions AS, its new Norwegian subsidiary, is poised to become a frontrunner in the Biogas and Bio-CO2 market across Scandinavia, as Biogy Solutions AS is committed to advanced low carbon footprint energy solutions based on a local development.
Julien Moulin, Chairman of FDE, expressed his enthusiasm about the company’s prospects in Norway, stating: “Biogy Solutions AS is a newly founded Norwegian company with strong ambitions in the Norwegian market. FDE is an innovative low carbon energy producer, and our efforts in Norway, channeled through Biogy Solutions AS, is leveraging on the unique and patented technology from our subsidiary Cryo Pur SAS, focusing on Biogas upgrading, liquefaction, and integrated carbon capture and storage solutions.”
Julien Moulin elaborated on the strategic goals of the company, stating: “Our primary objective is to use our expertise as a fully integrated operator in Bio-LNG and Bio-CO2 projects for industrial and mobility applications in Norway. We strongly believe in forging partnerships with experienced entrepreneurs sharing our ethical and business values and focusing on economic and environmental performance, which led to our collaboration with Jan Kåre Pedersen. With a 80% majority ownership stake held by FDE and 20% by Jan Kåre Pedersen’s holding company, we are committed to fostering rapid growth and local value creation.”
Jan Kåre Pedersen, Executive Chairman of Biogy Solutions AS and founder and former CEO of Renevo AS, emphasized the company’s concrete plans, stating: “We are developing six strategically located Biogas plants in Norway, targeting total energy production in the range of 500-800 GWh. Land acquisition, pre planning, and engineering are already underway, with our first project set to be announced shortly. Our headquarters are located in Stord and we are currently building a robust presence across multiple locations in Norway to support our operations“.
Biogy Solutions AS has put together a strong management team, including CEO Antoine Forcinal, who also serves as the CEO of FDE. “We are actively recruiting key personnel and are excited to unveil our inaugural project in Q4 2023.”, Jan Kåre Pedersen concluded.
Biogy Solutions AS is committed to make a significant impact on the Norwegian Biogas and Bio-CO2 market, contributing to the region’s sustainable energy transition and reinforcing the company’s commitment to carbon-negative energy solutions.
FDE confirms its FY 2026 objectives of annual revenues of more than €100 million, and an EBITDA above €50 million, combined with over 10 million tons of CO2eq emissions avoided per annum
Next announcement:
FY 2023 Results – October 19th 2023
Reuters code: FDEL.PA | Bloomberg code : FDE.FP
About La Française de l’Énergie (« FDE »)
FDE is a negative carbon footprint energy Group, specialized in the implementation via short circuits, of energy recovery and production sites, allowing the reduction of greenhouse gas emissions. FDE notably supplies regional players with gas, electricity, heat and CO2, thus replacing imported energy with local, cleaner energy. FDE has strong development potential and aims to become a leading independent player in the energy sector in Europe.by Bpifrance.
More information available on http://www.francaisedelenergie.fr
Disclaimer
This press release contains certain forward – looking statements and estimates concerning FDE’s financial condition, operating results, strategy, projects and future performance and the markets in which it operates. Such forward-looking statements and estimates may be identified by words such as “anticipate,” “believe,” “can,” “could,” “estimate,” “expect,” “intend,” “is designed to,” “may,” “might,” “plan,” “potential,” “predict,” “objective,” “should,” or the negative of these and similar expressions. They incorporate all topics that are not historical facts. Forward looking statements, forecasts and estimates are based on management’s current assumptions and assessment of risks, uncertainties and other factors, known and unknown, which were deemed to be reasonable at the time they were made but which may turn out to be incorrect. Events and outcomes are difficult to predict and depend on factors beyond the company’s control. Consequently, the actual results, financial condition, performances and/or achievements of FDE or of the industry may turn out to differ materially from the future results, performances or achievements expressed or implied by these statements, forecasts and estimates. Owing to these uncertainties, no representation is made as to the correctness or fairness of these forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates speak only as of the date on which they are made, and FDE undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.
Contacts
Press
[email protected]
+ 33 3 87 04 34 51
Investor Relations
ir@françaisedelenergie.fr
+33 3 87 04 34 51
