Gasum Buys Finnish Biogas Plant

Gasum announced May 17 that it has agreed to buy the Makikyla biogas plant in Kouvola, Finland.

The Finnish state-owned utility is already the largest biogas producer in the Nordics but says the purchase will help it to strengthen the availability of the renewable fuel in the region. The plant was bought from water company Kouvolan Vesi.

“The transaction will allow investments to significantly grow production capacity at the plant,” Gasum said in a statement. “Biogas production must increase in order to meet the ambitious traffic emissions reduction targets looking ahead.”

Gasum will take over the plant, which is attached to Kouvolan Vesi’s Makikyla wastewater plant, in June.

“The transaction now completed ends a process lasting several years during which we have sought an economically and functionally sustainable solution to our biogas plant operations, which are not part of our core business,” said Kouvalan Vesi CEO Timo Kyntaja.

Gasum currently owns 12 biogas plants in Finland and Sweden, and buys biogas from three partner plants, including Makikyla. Gasum’s current biogas capacity is around 650 GWh/yr.