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Biogy Solutions AS: an ambitious player to the Norwegian Biogas and Bio-CO2 Market

27 September 2023

Pontpierre, France, September 26th, 2023 – FDE (Euronext: FDE – ISIN: FR0013030152), a carbon negative energy producer, is pleased to announce that Biogy Solutions AS, its new Norwegian subsidiary, is poised to become a frontrunner in the Biogas and Bio-CO2 market across Scandinavia, as Biogy Solutions AS is committed to advanced low carbon footprint energy solutions based on a local development.

Julien Moulin, Chairman of FDE, expressed his enthusiasm about the company’s prospects in Norway, stating: “Biogy Solutions AS is a newly founded Norwegian company with strong ambitions in the Norwegian market. FDE is an innovative low carbon energy producer, and our efforts in Norway, channeled through Biogy Solutions AS, is leveraging on the unique and patented technology from our subsidiary Cryo Pur SAS, focusing on Biogas upgrading, liquefaction, and integrated carbon capture and storage solutions.”

Julien Moulin elaborated on the strategic goals of the company, stating: “Our primary objective is to use our expertise as a fully integrated operator in Bio-LNG and Bio-CO2 projects for industrial and mobility applications in Norway. We strongly believe in forging partnerships with experienced entrepreneurs sharing our ethical and business values and focusing on economic and environmental performance, which led to our collaboration with Jan Kåre Pedersen. With a 80% majority ownership stake held by FDE and 20% by Jan Kåre Pedersen’s holding company, we are committed to fostering rapid growth and local value creation.”

Jan Kåre Pedersen, Executive Chairman of Biogy Solutions AS and founder and former CEO of Renevo AS, emphasized the company’s concrete plans, stating: “We are developing six strategically located Biogas plants in Norway, targeting total energy production in the range of 500-800 GWh. Land acquisition, pre planning, and engineering are already underway, with our first project set to be announced shortly. Our headquarters are located in Stord and we are currently building a robust presence across multiple locations in Norway to support our operations“.

Biogy Solutions AS has put together a strong management team, including CEO Antoine Forcinal, who also serves as the CEO of FDE. “We are actively recruiting key personnel and are excited to unveil our inaugural project in Q4 2023.”, Jan Kåre Pedersen concluded.

Biogy Solutions AS is committed to make a significant impact on the Norwegian Biogas and Bio-CO2 market, contributing to the region’s sustainable energy transition and reinforcing the company’s commitment to carbon-negative energy solutions.

FDE confirms its FY 2026 objectives of annual revenues of more than €100 million, and an EBITDA above €50 million, combined with over 10 million tons of CO2eq emissions avoided per annum

Next announcement:

FY 2023 Results – October 19th 2023

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Promises won't impact
climate change.
Your local resources, will.

Climate change is an undeniable reality. We can already see its serious consequences for our planet. It is now urgent to act.

At FDE, we refuse to participate in initiatives that generate pollution beyond our borders, even if they reduce the carbon footprint of our local territories. Whether it is a question of carbon footprint or pollution, there are no limits.

It is our duty to build sustainable energy solutions that move towards global carbon neutrality. Today, the most resilient and sustainable energy solution is even more self-evident: it is imperative that energy remains local, within short supply chains, as close as possible to the needs of local communities and consumers.

Considering these, at FDE, we are taking actions and offering tailor-made, local multi-energy solutions.

By making the most of local resources, our offer enables us to provide territories with energies with a triple benefit: reduced carbon footprint, economically competitive and contributing to the socio-economic development of the area. We choose abandoned sites, make the most of the potential of local suppliers and service providers, and participate in a local center of expertise that involves universities, local authorities and associations in the local energy project.

FDE lacks neither the resources nor the know-how to deploy tailor-made energy solutions for everyone and for the planet.

Our engineers embrace the energy transition with a pragmatic view.

Recovering abandoned mine gas avoids fatal gas emissions into the atmosphere, while local coal gas reduces the need to import much more carbon-intensive gases. Abundant solar energy is both local and renewable.

To support the energy transition, at FDE, we are constantly innovating, looking for new solutions for the future, such as hydrogen, a decarbonized energy, or CO2 sequestration in coal.

In addition, all energy produced by our Group is designed to be more virtuous. All these processes therefore make FDE the only French energy producer with a negative carbon footprint.

HSE POLICY

In accordance with its values and code of ethics, and with the aim of pursuing the objective of:

  • Guarantee the integrity of our assets,
  • Ensure a safe and healthy working environment for its employees and subcontractors,
  • Guarantee the health and safety of all personnel working on and off-site,
  • Limit environmental impact.

 

FDE wishes to promote the following HSE principles:

Identify, prevent and control impacts and risks to health, safety, security and the environment,

Develop the company's activities in a sustainable and eco-responsible manner,

Improve the working environment for its employees and subcontractors.

Consequently, FDE undertakes to:

Ensure the rigorous application of regulatory procedures in force with respect to safety, health, environment and the preservation of public security,

Impose operational management with advanced criteria for environmental protection, pollution prevention and energy optimization, as part of the ecological transition,

Systematically verify compliance with HSE principles through audits and practical exercises, with the aim of continuously improving the system and its performance,

Define indices and performance indicators for monitoring HSE activities and promote benchmarking to identify areas for improvement,

Encourage employee participation and involvement in health, safety and environmental protection processes through training and creation of tools for sharing experience and knowledge.

This culture of risk prevention and control applies to all employees, partners and suppliers. It involves setting concrete objectives and deploying action plans as part of a continuous improvement process to better anticipate tomorrow's challenges. This policy is reviewed annually, as are the associated indicators and targets.

Antoine FORCINAL
Directeur Général,