Image credits :BioValue - STX Group Image used for illustrative purpose only.
1 minute read

STX Group partners with BioValue for Dutch biomethane plant

STX Group, a leading global firm in environmental commodities trading and climate finance, has announced a financing partnership with BioValue, a major Dutch biomethane producer, for the construction and development of the Groengas Cothen biomethane plant.

The new plant adds at least 80GWh of renewable natural gas capacity per year.
This strategic move is aligned with STX Group’s mission to promote the energy transition and underscores the redefinition of market dynamics aimed at boosting project development in the renewable energy space.
The financing by STX Group ensures BioValue access to key capital but also provides flexibility, avoiding potential constraints from fixed offtake prices.

Collaborating with Nationaal Groenfonds as the junior financier, STX Group said it goes beyond traditional offtake agreements: unlike traditional banking institutions, this financing model provides BioValue with exposure to the developing biomethane market, contributing to its strategic goals and long-term success.

“This agreement marks a significant milestone in the biomethane sector and showcases our ability to pioneer novel financing solutions,” said Sead Keric, managing partner of Renewable Gas at STX Group.

“By combining BioValue’s operational expertise with our climate finance capabilities, we empower biomethane producers to focus on what they do best while addressing development challenges. In light of the developing nature of the biomethane market and the illiquid, less transparent markets, there is a pressing need for alternative financing solutions.”

“As a major biomethane actor running multiple plants in the Netherlands, we are determined to realise much-needed new capacity in line with Dutch biomethane targets and European Fit for 55 goals,” said Ids Schaap, managing director and founder of BioValue. “Our commitment to reducing CO2 emissions and minimizing environmental impact aligns seamlessly with STX Group’s mission to drive sustainable practices in the renewable energy sector.”

Legal Disclaimer:
Bioenergy News
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Pulp and Paper
    1 minute read

    J&F announces R$25 billion for new…

    24 Apr. 2024 | Global Flow Control
  • LNG and Industrial Gases
    2 minutes read

    Shell, TotalEnergies in Talks for Stakes…

    24 Apr. 2024 | Global Flow Control
  • Renewables
    1 minute read

    ONGC plans drilling for first geothermal…

    24 Apr. 2024 | Global Flow Control
  • Power Generation
    3 minutes read

    SaskPower Names Burns & McDonnell as…

    23 Apr. 2024 | Global Flow Control