European Energy takes control of Danish biogas upgrading specialist
The CEOs of Ammongas and European Energy shake hands. Source: European Energy A/S.
Danish renewables developer European Energy A/S announced on Friday it has acquired a 51% stake in local firm Ammongas A/S, which specialises in upgrading biogas through carbon dioxide (CO2) sequestration.
This investment gives European Energy strong competencies in carbon capture and processing and enables clear synergies with its own Power-to-X (PtX) business, it said in a statement.
“We see a strong portfolio of interesting technologies and know-how at Ammongas, which supports the massive expansion of especially PtX projects we have under development today,” stated Knud Erik Andersen, CEO of European Energy.
Founded in 2002, Ammongas is presently pursuing international projects, particularly in Europe and the US. The company’s current CEO Anker Jacobsen will continue to lead the business following European Energy’s investment.