New European Energy JV acquires Danish biogas producer

Image by European Energy

January 7 (Renewables Now) - Danish renewables developer European Energy A/S today said that in a joint venture with Maigaard & Molbech it has acquired Danish biogas producer Vinkel Bioenergi as a first step in creating a “circular bioeconomic group.”

The joint venture with family office Maigaard & Molbech, which is acting on behalf of private investor Bo Bendtsen, is called BioCirc ApS.

According to Maigaard & Molbech managing director Bertel Maigaard, the BioCirc group will focus on recycling, waste-to-energy, renewable energy and Power-to-X.

European Energy said Vinkel Bioenergi will support the production of e-methanol. Its chief executive Knud Erik Andersen commented that biogenic carbon dioxide (CO2) is an important component of decarbonising e-fuels for sectors such as heavy transportation and aviation. European Energy plans to use the CO2 from the production of biogas at Vinkel Bioenergi in the production of e-methanol to be supplied to companies such as Circle K and Maersk, he added.

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