Corporate | 7 October 2008 11:09
EnviTec Biogas AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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Energy for a city of 50,000 people
Lohne, 7 October 2008 – Biogas is an important element in the energy mix of
the future. The latest example can be found in the northern German town of
Güstrow where EnviTec Biogas is building the world’s largest plant for the
production of biogas to natural gas standards (biomethane) for NAWARO
BioEnergie AG. The plant with a rated electrical output of 22 MW is
scheduled to go on line in 2009 and feed 46 million cubic metres of biogas
per year into the public gas grid from 2010. This will be sufficient to
meet the demand of a small town of 50,000 people. 'The project gives
impressive proof of the fact that biogas can contribute to Germany’s gas
supply and reduce its dependence on imports,' says Olaf von Lehmden, CEO of
EnviTec Biogas.
While the initial ground work and the construction of the ground water
protectors started in November 2007, the project is now running at full
steam. The topping-out ceremony also marked the half-time stage. The 90
workers, whose number will soon rise to 160, have already installed 20
fermenters for the future biogas production as well as parts of the
fermentation residue stores and the administrative building. The necessary
input materials are already being stored to enable a swift production start
once the plant has been completed. The contract has a volume of approx. EUR
42 million for EnviTec.
The customer and future operator of the plant is satisfied with the
construction progress. 'We are currently four weeks ahead of schedule,'
says Felix Hess, CEO of NAWARO BioEnergie AG. 'We are proud that we will
soon be able to make a sustainable contribution to the energy supply from
renewable sources.'
Apart from the production of electricity and heat, EnviTec is convinced
that biogas has huge potential as a substitute for natural gas. Global
demand for gas is growing constantly. This demand contrasts with a limited
supply of natural gas. As a result, gas prices have risen for years. In
Germany alone, several gas suppliers have announced price increases of up
to 50 percent. 'Biogas is a viable alternative to natural gas and can make
a valuable contribution to ensuring that energy remains affordable going
forward,' says Olaf von Lehmden.
EnviTec Biogas AG covers the entire value chain for the production of
biogas - including the planning and turnkey construction of biogas plants
as well as their commissioning. The company provides the biological and
technical service and also offers the full plant and operating management.
In addition, the company also operates its own biogas plants. In Penkun, in
the German state of Mecklenburg-Western Pomerania, EnviTec constructed the
world's largest biogas park with an electrical connected load of 20
megawatts. Today, the company is represented in more than 14 countries
throughout Europe and as well in China and India. In 2007 EnviTec generated
revenues of EUR 132 million and EBIT of EUR 18 million. The EnviTec Group
has about 280 employees. Since July 2007 EnviTec is listed on the Prime
Standard segment of the Frankfurt Stock Exchange.
Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 80 65-118
E-Mail: ir@envitec-biogas.de
Press Contact:
Fabian Lorenz, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50- 56 /-31
E-Mail: f.lorenz@hoschke.de; g.pauli@hoschke.de
07.10.2008 Financial News transmitted by DGAP
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Language: English
Issuer: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info@envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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