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Press release BoxID: 318419 (Enspar Biogas GmbH)
  • Enspar Biogas GmbH
  • Paderborner Straße 44
  • 33181 Bad Wünnenberg
  • http://www.biogas-nord.de
  • Contact person
  • +49 (69) 743037-00

BIOGAS NORD - First Self-owned plant

The Company's first biogas plant in Grimma, has started its production on Dec. 2009 / Investments in other plants under discussion / The Company's extensive range of services includes project development and finance brokerage

(PresseBox) (Bielefeld, ) BIOGAS NORD AG has started operating its first own biogas plant - a new business segment was added into the Company's portfolio of activities. The Company took its first steps in this sector in December 2009, connecting its first biogas plant to the grid. Construction of the plant started on last summer with a total electrical power of 500 kW/h in the Eastern German town of Grimma. The plant, with a total investment of a EUR 2.6 million, is owned in majority by BIOGAS NORD AG and is operated in cooperation with the project management company and biogas plant operator Bio.S Biogas.

"The company expects a long term source income by operating its own plants and by investing in biogas projects. This is going to generate income for us and for our partners long after the construction phase of a plant has been completed," explains Management Board member Ms. Drouianov. "This segment of operation is expected to generate more predictable and sustainable income on the long run."

"Investments in biogas projects and finance brokerage services for construction projects have been added to the already extensive service range of Biogas Nord AG. These additional services round off our product range and put us in the position to offer potential customers a comprehensive allinone package for implementing their biogas projects - from the initial concept and project financing to plant commissioning and support with daily operations," explains Kai H. Roth, in charge of the Project Development department of BIOGAS NORD Anlagenbau GmbH and the Managing Director of the newly founded project company Bio.S Biogas Grimma GmbH & Co. KG.

BIOGAS NORD's partner, Bio.S Group, already operates its own biogas plant in the region and aims to use this partnership to further expand its business in the biogas sector. "The cooperation with BIOGAS NORD has provided us with new opportunities for developing and implementing biogas projects, particularly when it comes to financing," says Jens Liebscher, Managing Partner of Bio.S. and Managing Director of Biogas Grimma GmbH & Co. KG.

Bio.S and BIOGAS NORD AG are currently planning other joint projects and hope to implement at least one additional Project during this year.

Disclaimer:

This Corporate News is intended solely for informational purposes and does not constitute a solicitation to buy, hold or sell securities.

This Corporate News may contain forwardlooking statements. Forwardlooking statements are statements that are not historical facts. They include statements about our beliefs and expectations. These statements relate to the current plans, estimates and forecasts currently available to the BIOGAS NORD AG management. Forwardlooking statements therefore only apply on the day they were made. By their nature, forwardlooking statements harbor risks and possible uncertainties. Various known and unknown risks, uncertainties and other factors could mean that the actual results, the financial situation, the development or the performance of the company greatly differs from the estimations published here. These factors include those described by BIOGAS NORD AG in its published reports. These reports are available on the BIOGAS NORD website at www.biogas-nord.com. We assume no liability whatsoever to update these forwardlooking statements or to adjusted them in line with future events or developments.

Enspar Biogas GmbH

BIOGAS NORD AG is one of the largest technology suppliers in the biogas industry. The services provided by the enterprise and its more than 100 employees encompass all areas of biogas technology, from concept development, detailed planning, construction of facilities, to operations and support services. More than 200 biogas facilities have been planned, built or developed since 1995. Currently about 40 additional biogas facilities are in the construction, approval or planning phase in Germany, the Netherlands, England, Italy, Spain and Poland. European Business Partners Sp. z o.o. (EBP), a Polish holding company, is the largest shareholder of BIOGAS NORD AG.