Media | 10 February 2010 09:23
EnviTec Biogas AG / Energy
10.02.2010 09:23
Dissemination of a Media Release, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EnviTec Biogas AG and Greenlane Biogas, a subsidiary of the Swedish - New
Zealand owned Flotech Group, have signed a license agreement for the
manufacturing, construction and sales of biogas upgrading plants. EnviTec
Biogas, Europe's leading manufacturer and operator of biogas plants, will
offer Greenlane's proprietary technology for the upgrading of biogas to
natural gas standards in Germany and other European countries. The process
used is pressurised water scrubbing. By cleaning the raw biogas the methane
content of the raw biogas is increased from approx. 55 percent to at least
96 percent. Conditioned that way, the resulting final product gas can be
fed directly into the public natural gas grid and is used right where it is
needed: at the consumer. The process is suitable to be used in both small
scale and large industrial plants, and has been marketed worldwide by
Greenlane Biogas since 1990.
'Being the technological leader in the biogas sector, we are committed to
using the most profitable refinement technology,' says Kunibert Ruhe, CTO
of EnviTec Biogas. 'The combination of Greenlane Biogas' engineering
know-how and our expertise in large scale projects provides a synergy that
increases our vertical integration. At the same time, it strengthens our
competitive position in the field of biogas upgrading to a large extend'.
'EnviTec holds a clear leadership position in its markets,' says
Greenlane's CEO, Steve Broadbent, 'and we are happy to be part of a
cooperation that renders biogas projects an enormous advantage providing an
integrated solution.' The biogas upgrading process will be marketed under
the label 'EnviTec biogas upgrading purified by Greenlane'.
The market for the feeding of biogas into the natural gas grid is a
relatively young market, which has huge potential. By 2020 Germany aims to
substitute about six billion cubic metres of natural gas by this renewable
alternative. The German Energy Agency (dena) estimates that up to 2,000 new
feed-in biogas plants would have to be built to reach this goal. At this
stage, Germany has approximately 30 such plants. The new federal government
has already expressed its commitment to biogas. Apart from subsidising
electricity and heat from biogas, the government aims to expand the use of
biogas as a natural gas substitute and fuel.
EnviTec Biogas offers gas refinement plants with capacity ratings from 500
Nm³ (this equates to 1 MWel.) upwards and aims to increase its market share
in this segment significantly. Several projects of this size are currently
at the planning or approval stage. After all, buyers of smaller gas
refinement plants also stand to benefit from the experience gained by
EnviTec together with Greenlane Biogas in the construction of the world's
largest biogas feed-in plant in Güstrow, Mecklenburg-Vorpommern. There the
'NAWARO BioEnergie Park' with a thermal output of 55 MW will cover the
energy requirements of a town with a population of 40,000 inhabitants.
By marketing its own biogas upgrading EnviTec Biogas demonstrates that the
company is constantly working on optimizing the profitability of biogas
plant technology through research and development. 'We have got a lot of
ideas in mind that could lead to efficiency improvements in the production
of biogas', says Kunibert Ruhe. 'Ideas that will become reality in the near
future.'
About Greenlane Biogas and the Flotech Group
Greenlane Biogas is a wholly owned subsidiary of Flotech, the leading
worldwide developer and supplier of technology for upgrading biogas to
renewable natural gas for use in pipelines and vehicle fuel. Flotech is
also renowned for its offshore oil & gas expertise and for fuel gas
compression systems delivered to the electricity generation sector
worldwide, mainly through its distribution agreement with General Electric.
Flotech has more than 20 years of global experience upgrading biogas, with
installations in France, Germany, Iceland, Japan, New Zealand, South Korea,
Spain, Sweden Canada and the United States.
Greenlane technology is used in the world's largest plant for upgrading
biogas, currently being Güstrow Germany, which was delivered by EnviTec.
The production of gas in this plant replaces approximately 40 million
litres of gasoline each year, if compared on the basis of clean vehicle
fuel.
About EnviTec Biogas AG
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 Güstrow, in the German state of Mecklenburg-Western Pomerania, EnviTec
built the world's largest plant for the production of biogas to natural gas
standards with a thermal output of 55 megawatts. In addition, the company
also operates its own biogas plants. Today, the company is represented in
more than 15 countries throughout Europe and as well in India and South
Korea. In 2008 EnviTec generated revenues of EUR 101 million and EBIT of
EUR 3.2 million. The EnviTec Group currently has about 400 employees. Since
July 2007 EnviTec is listed on the Prime Standard segment of the Frankfurt
Stock Exchange.
Company Contact:
Katrin Selzer
EnviTec Biogas AG
Tel: +49 25 74 88 88 810
E-Mail: k.selzer@envitec-biogas.de
Press Contact:
Britta Cirkel, Christina Siebels
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50- 56 /-58
E-Mail: b.cirkel@hoschke.de; c.siebels@hoschke.de
10.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Internet: www.envitec-biogas.de
End of News DGAP-Media
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