Following a string of mega investments, Ijsfabriek Strombeek has financed almost €10m ($11.2m) worth of projects in a bid to completely overhaul its operations.
Under one such investment, the carbon dioxide (CO2) producer is working towards opening a new CO2 plant in Ghent, Belgium, as part of a joint venture (JV) with Messer Belgium.
The JV, named ‘BECO2’ is split into a 30/70 divide for Strombeek and Messer Belgium, respectively. Overall, the JV accounts for 50% of both investment and ownership of the GreenCO2 project – which is responsible for the construction of the new facility in Ghent.
We want to generate approximately 50% of our revenue in production capacity from plants that we have complete control over – and now we are easily meeting that requirement
Strombeek’s independent investment in the new site totals €2.25m ($2.5m) and will see the Belgium-based enterprise receive a 15% share, with the overall project costing €15m ($16.8m). The new plant will produce around 13 tonnes of CO2 per hour, with a total capacity of around 100,000 tonnes per year.
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