Nordsol Seed T2 investment completed
Today (17 November 2020) we completed the step up of our Shell Ventures equity position in Nordsol to 28% (from 10%) by converting our April Convertible Loan (EUR 625k) and providing for fresh equity (EUR 975k). Nordsol strives to make bio-LNG mainstream with its patented technology. Their production process turns biogas into bio-LNG in an economically feasible way and thus provides an alternative to green gas. Nordsol develops, invests, builds and manages the installations and works together with various investors, biogas suppliers and bio-LNG customers: https://www.nordsol.com/about-us/
Site preparation started.
Project in figures
|Supply of organic waste:||44,0 kton/yr|
|Input from crude biogas:||8,0 M Nm3/yr|
|Expected bio-LNG production:||3,4 kton/yr|
|Expected bio-CO2 production:||6,3 kton/yr|
|CO2 Emission bio-LNG:||0,0|
Renewi, Nordsol (OSOMO) and Shell teaming up to produce bio-LNG
BioLNG plant – 3D Design
June 2021 – Osomo / Nordsol has reached the point of “Mechanical Completion”. They will commission the system by the end of June, which means drying and cooling down all cryogenic parts, dry run all sections with nitrogen, put actual biogas on the inlet and cascade our way thought the system till the off-loading system into the trailer. They are expecting to deliver the first volume of BioLNG by July 2021.
If you wish to hear more about the BioLNG EuroNet project and how this can help your business to move to a cleaner fuel, please reach out to any of the consortium members part of the project.