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european-energy-in-joint-venture-to-acquire-danish-biogas-producer
european-energy-in-joint-venture-to-acquire-danish-biogas-producer

European Energy in joint venture to acquire Danish biogas producer

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Renewable energy solutions provider European Energy has entered a joint venture with multi-family office Maigaard & Molbech to acquire Vinkel Bioenergi, a Danish biogas producer, on behalf of private investor Bo Bendtsen.

The agreement will see Vinkel Bioenergi and its employees become part of a wholly-owned subsidiary of the new joint venture holding company BioCirc ApS (BioCirc). 

Vinkel Bioenergi is one of Denmark’s largest biogas producers, converting more than 400,000 tonnes of biomass per year into green and carbon dioxide (CO2)-neutral gas, in addition to delivering up to 6,000 Nm(normal cubic metre) of natural biomethane per hour to the Danish natural gas network. 

Considered the first step in the formation of the BioCirc group, Bertel Maigaard, Managing Director, Maigaard & Molbech, stated that the aim of the acquisition is to help make BioCirc a leading bioeconomic group focusing on recycling, waste-to-energy, renewable energy and power-to-x. 

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