Copenhagen Infrastructure Partners (CIP) and the current owners of the Sindal Biogas plant, KK Invest, and DBC Invest, are set to invest in the expansion of the sustainable bioenergy sector in Hjørring, located in Denmark. This joint effort aims to develop, expand and operate biogas plants, consolidating it as a continuous center for sustainable bioenergy in the region.
Danish funds for biogas plants
CIP’s investment is carried out through its CI Advanced Bioenergy Fund I (CI ABF I), which is backed by some of the largest Danish pension funds. The Sindal Biogas plant aligns perfectly with CI ABF I’s investment strategy, as it harnesses industrial and agricultural waste to produce green gas, addressing multiple environmental challenges.
Thomas Dalsgaard, CIP partner, commented on the collaboration, noting his enthusiasm for working with the current owners of Sindal Biogas to develop and operate what is expected to be one of the largest biogas plants in Denmark.
Dalsgaard stressed the significant potential in biomass conversion and biomass into sustainable gas and green fuels, essential elements for the energy transition. The acquisition of a majority stake in Sindal Biogas represents a crucial step forward for the fund and its portfolio of biogas projects, and they expect this collaboration to create new jobs and contribute to the green transition.
Sindal Biogas: New goals
On the other hand, Sindal Biogas, founded in 2017, has undergone multiple expansions and is currently in the process of increasing its capacity to process 500,000 tons per year of biomass, with an expected production of biogas upgraded of up to 34 million m³ for the gas grid. The plant will also capture, store, and utilize biogenic carbon dioxide (CO₂) in the green transition. With the planned new investments, the plant is expected to displace up to 50,000 tons per year of fossil CO₂, generating growth and jobs in the local community, which remains an essential partner in its future development.
Morten Glenthøj of KK Invest expressed that biogas development is advancing rapidly and that Sindal Biogas will require significant investments in the coming years to take advantage of technological opportunities and increase CO₂ displacement. Glenthøj highlighted that CIP is a strong partner that shares his vision, and stressed the importance of CIP being backed by pension funds, allowing many citizens to indirectly become co-owners of the green transition.
A sustainable future for rural communities
Finally, CIP argues that bioenergy projects must be locally anchored, so it is crucial that current owners remain involved to maintain the relationship and local ownership. This partnership represents the first step in the joint development of large-scale biogas projects.
Rune Ledgaard Sørensen, CEO of DBC Invest, concluded that DBC has been co-owner of Sindal Biogas for almost four years and is excited to be part of the plant’s growth together with Karen Kirketerp and Morten Glenthøj, in addition to the day-to-day management team. Sørensen mentioned that Copenhagen Infrastructure Partners is the ideal partner for the future, which motivated DBC to reduce its shareholding.
Investments in biogas are not only fundamental to the green energy transition, but also present an opportunity for the creation of green jobs in rural areas. This sustainable economic growth can strengthen the local economy and provide new job opportunities in communities that traditionally depend on agriculture and other local industries.
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Source: energyglobal
Photo: Shutterstock
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