DGAP-News: EnviTec Biogas and BKN biostrom form joint venture: Construction and operation of own biogas plants?well-filled project pipeline
(firmenpresse) - EnviTec Biogas AG / Joint Venture/Joint Venture
20.05.2010 08:01
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EnviTec Biogas AG (ISIN: DE000A0MVLS8) and BKN biostrom AG have announced
the foundation of a shared holding company, ETBKN Holding GmbH&Co. KG,
for the construction and operation of biogas plants, with EnviTec Biogas
taking a majority stake. Both companies can draw on long-standing
experience in the biogas market and will each contribute their specific
strengths to the joint venture. While EnviTec Biogas' contribution will
centre on its sound technological expertise and its proprietary plant
technology, BKN biostrom will bring to bear its experience in project
development and the operation of biogas plants. The new company will be
launched with a well-filled project pipeline and the first plants are to be
built during the current year. The general objective is to strengthen the
role of biogas in decentralised energy supply and the short-term target for
the joint venture is to install and operate a portfolio of plants with a
rated output of more than 15 megawatt. The commissioned plants will
continue to be owned by ETBKN Holding GmbH&Co KG and generate sustainable
earnings for both partners. In the context of the foundation of the joint
venture, EnviTec Biogas will transfer orders worth approximately EUR 14.5
million from the current order book to the Own Plant Operation segment in
the second quarter of 2010. This segment groups the company's electricity,
heat and gas production through its own plants.
'Having previously worked with BKN only on a project-by-project basis, we
are happy to see our cooperation turn into a partnership for the long
term,' said Olaf von Lehmden, CEO of EnviTec Biogas, adding: 'We see major
potential particularly in the refinement of biogas to natural gas standards
as well as the decentralised use of biogas through local supply networks
and we want to tap into this potential through our joint venture'.
Decentralised use of biogas means that the biogas generated by a plant is
not converted into electricity on-site but is fed into a local 'micro gas
grid' supplying several cogeneration plants in the local area. 'In contrast
to other forms of renewable energy, biogas can deliver baseload capability,
meaning that it can ensure ongoing and dependable energy supply,' explains
Günter Schlotmann, CEO of BKN biostrom. 'This is why our joint venture is
not confined to the construction of biogas plants but will also provide for
joint operation of the commissioned plants, highlighting both partners'
status as energy suppliers.'
About EnviTec Biogas AG
EnviTec Biogas AG covers the entire value chain for the production of
biogas - including the planning and turnkey construction of biogas plants
as well as their commissioning. The company provides the biological and
technical service and also offers the full plant and operating management.
In Güstrow, in the German state of Mecklenburg-Western Pomerania, EnviTec
Biogas built the world's largest plant for the production of biogas to
natural gas standards with a thermal output of 55 megawatts. In addition,
the company also operates its own biogas plants. Today, the company is
represented in more than 18 countries throughout Europe and in India. In
2009 EnviTec Biogas generated revenues of EUR 120 million and an EBIT of
EUR - 0,5 million. The EnviTec Group currently has 385 employees. Since
July 2007 EnviTec is listed on the Prime Standard segment of the Frankfurt
Stock Exchange.
Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 80 65-118
E-Mail: ir(at)envitec-biogas.de
Press Contact:
Britta Cirkel, Christina Siebels
HOSCHKE&CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50- 56 /-58
E-Mail: b.cirkel(at)hoschke.de; c.siebels(at)hoschke.de
20.05.2010 08:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info(at)envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, München, Hamburg, Stuttgart
End of News DGAP News-Service
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Datum: 20.05.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 21194
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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