DGAP-News: KTG Agrar AG to start 2011 with biogas production capacity at 15.7 megawatts
(firmenpresse) - KTG Agrar AG / Key word(s): Miscellaneous
16.11.2010 07:58
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KTG Agrar AG to start 2011 with biogas production capacity at 15.7
megawatts
- New 635 kW biogas plant taken over
- 500 kW plant under construction
- Biogas production capacity to amount to 15.7 MW at the start of 2011
Hamburg, 16 November 2010 - KTG Agrar AG (ISIN: DE000A0DN1J4) continues to
push ahead the expansion of its biogas production capacity. The company
expects its total grid-connected capacity to amount to 15.7 megawatts by
the end of this year, which will be sufficient to cover the energy needs of
some 27,000 households. More than 30,000 hectares of farmland make the
company a leading agricultural producer in Europe. Besides growing organic
and conventional produce such as wheat, maize and rapeseed, the production
of environmentally friendly biogas is the third pillar of the company's
business. 'The biogas segment is currently our growth driver,' says Dr.
Thomas Berger, the KTG Board member in charge of the biogas segment. 'In
2012 we will achieve a capacity of 25 megawatts and generate revenues of
some EUR 40 million from this business.'
In Brandenburg the agricultural producer recently took over a turn-key
biogas plant from a project developer. The plant rated for a capacity of
635 kilowatts (kW) is located not far from one of the company's farms in
Altdöbern. KTG Agrar's own construction activities are being pushed ahead
at the same time. The company has obtained a construction permit for
another biogas plant to be installed in Wuthenow, Brandenburg, where earth
moving work has already started; the 500 kW plant is to be connected to the
grid before year-end. The same is true in Seelow, where the construction of
a 3.2 MW plant is making rapid progress; this will be the company's first
biomethane plant, which means that biogas is refined to natural gas quality
and fed into the regional gas grid. Apart from these three locations,
numerous other projects are at advanced stages of the respective approval
processes.
KTG Agrar relies on an integrated concept of biogas production and farming.
Locations in the direct vicinity of the company's farms allow its biogas
plants to be supplied fast and efficiently with input materials. Apart from
maize silage, input materials include agricultural residues such as grass
and straw. In addition, KTG Agrar increasingly uses intercrops, meaning
that once the grain has been harvested in summer, millet or clover grass is
sown on the same fields and harvested in November. In a few years' time
already, the company intends to use almost exclusively grass and intercrops
as input materials for the production of biogas. Says Dr. Thomas Berger:
'Our concept results in high-quality produce and clean energy all coming
from the same fields.'
About KTG Agrar:
With cultivable land of more than 30,000 hectares, KTG Agrar AG is one of
the leading producers of agricultural commodities in Europe. The
Hamburg-based company's core area of expertise is the organic and
traditional cultivation of market products such as cereals, maize and
rapeseed. For organic market products KTG Agrar is the European market
leader. The company mainly produces in Germany but has also operated
production in the EU full member state of Lithuania since 2005. The third
mainstay is the production of bio-energy. At present, KTG Agrar operates
biogas plants with a total capacity of around eleven megawatts. In the year
2009, KTG achieved a total output of EUR 59,7 million and EBIT of EUR 9.2
million. Since November 2007 the company is listed on the Frankfurt Stock
Exchange and currently more than 200 employees. Further information can be
found at www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
IR.on AG
Tel: +49 221 914097 - 6
E-Mail: fabian.lorenz(at)ir-on.com
16.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: KTG Agrar AG
Ferdinandstr. 12
20095 Hamburg
Deutschland
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: info(at)ktg-agrar.de
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4
WKN: A0DN1J
Listed: Freiverkehr in München, Berlin, Düsseldorf, Stuttgart; Open
Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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Datum: 16.11.2010 - 07:58 Uhr
Sprache: Deutsch
News-ID 32631
Anzahl Zeichen: 0
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Kategorie:
Business News
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