Biomethane producer FemoGas has secured a financing package of up to €245m from Infranity for the refinancing and construction of liquid biomethane plants in Italy.
Infranity is providing €145m to FemoGas-owned Iniziative Biometano, with an option to increase the amount by a further €100m, to support the refinancing and construction of liquid biomethane plants aiming for a total capacity of 0.5TWh.
The biomethane generated from these facilities will be commercially available to serve the European road and maritime transport sectors.
Garbine Unda, investment director at Infranity, said: ”We are pleased to announce Infranity’s first investment in the biogas sector by partnering with FemoGas, a pioneer company in agricultural biomethane production.
“This is a strategic step in broadening our engagement in the energy transition and are confident that this partnership will drive substantial growth and contribute to a more sustainable future. This transaction underscores Infranity’s capability to execute bilateral agreements and our strong presence in the mid-cap market.”
Stefano Svegliado, Co-CEO of FemoGas, said: “Thanks to this financing, we will be able to increase the production of liquid biomethane for heavy-duty vehicles and maritime transport by funding seven biomethane plants, three of which are already operational, doubling output from the current 0.25TWh to 0.5TWh by 2027.”
Stefano Bozzetto, founder and Co-CEO of FemoGas, said: “This initiative will play a key role in supporting Italian agriculture and livestock farming—pillars of the Made in Italy agri-food sector. At the same time, the group will accelerate the production of chemical and organic fertilisers not derived from hydrocarbons.
“Overall, these developments will prevent the emission of 400,000 tonnes of carbon dioxide into the atmosphere per year, equivalent to around 1% of total emissions from the Italian agricultural sector.”
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