The German group based in Augsburg has invested 75 million euros in Biomet.

In light of the crisis energy that occurred through the exponential rise in the price of gas and the reduction of supplies from Russia, in Europe there are industrial movements aimed at greater energy autonomy.

For this reason, biogas is at the center of the interest of European companies, which are working to create the right aggregations in order to increase production and autonomy from supplies from critical areas.

Despite the waste raw material is, and has always been present in all European countries, perhaps for convenience, habit or economic reasons, the production of biogas has always remained quite marginal.

Today, following the overt and not only announced environmental crises, due to the lack of gas and prohibitive costs, we try to valorise waste for production of energy.

As Elena dal Maso tells us, through the article published in Milano Finanza, the German group Patrizia, listed on the Dax, has acquired 80% of Biomet Spa.

Italy is the second largest biogas market in the EU after Germany with 2 billion cubic meters produced to date.

Meanwhile, gas in Amsterdam is flying again today at 124.5 euros due to the Russian blockades (+ 5.7% to 124.5 euros on megawatt hour), Patrizia Infrastructure, a German investment company listed on the Dax in Frankfurt, has acquired the majority stake in Biomet Spa to create the first European pole in the production of LNG biomethane.

The German group based in Augsburg has invested 75 million euros in Biomet by acquiring control from the entrepreneur Walter Lagorio and from Ankorgaz, the vehicle of the CEO and founder of Biomet, Antonio Barani.

The latter remains a minority shareholder with 20%. Meanwhile, the stock rose by 1.13% to € 10.76 in Frankfurt for over 1 billion capitalization.

The acquisition aims to create the largest plant in Europe for the production of LNG biomethane.

Patrizia manages around 55 billion euros of assets and employs over 1,000 professionals in 27 offices around the world.

The operation in Italy was designed to create the largest plant in Europe for the production of LNG biomethane from natural waste and will be the first Italian plant directly connected to Snam's national transport gas network, with an on-site refueling station.

Patrizia Infrastructure has invested in Biomet at an advanced stage of construction, with the gas liquefaction plant expected to be operational by summer 2022, the biogas plant by December and the four biomethane upgrading plants by 2024.

Biomethane production can be tripled to 26,400 tons per year

Biomet's biomethane plant currently has a capacity of 40,000 tons of organic waste each year.

The liquefaction plant has a capacity of 8,800 tons of bio-LNG per year, with the potential to increase production to 26,400 tons, almost three times much.

Matteo Andreoletti, Patrizia's Head of Infrastructure Equity, Europe and North America, explained that "Biomet will play a crucial role in contributing to the decarbonisation of transport in Italy ".

Biogas plays an important game "in the energy transition and in supporting local agricultural communities".

Patrizia continues to see in Italy "excellent investment opportunities in the sectors associated with the transition to a cleaner energy system, within mid-range infrastructures", adds Andreoletti.

Biogas and bio-LNG contribute "significantly to EU policy objectives to reduce primary energy consumption and carbon dioxide emissions", remembers the manager.

The fixed costs of biogas production make bio-LNG from waste "a competitive and zero-emission alternative to conventional LNG, especially for the transport sector "resumed Andreoletti.

The Italian government has recognized the importance of bio-LNG production "with a solid incentive scheme with a long-term commitment to support the sustainable development of this technology ", emphasizes the manager.

Automatic translation. We apologize for any inaccuracies. Original article in Italian.