Scandinavian Biogas receives $269M Bio-LNG delivery agreement

In Sweden, Scandinavian Biogas entered a long-term agreement with Alternoil for the delivery of Bio-LNG to be included in the climate-neutral fuel REEFUEL distributed on the German transportation market. The total order value is approximately SEK 2.7 billion ($269 million).

The agreed volumes are 8,000 tonnes during ramp up in 2024 to be 11,500 tonnes (160 GWh) per year from 2025 to 2030. Corresponding to over 1 TWh energy with a total order value of approximately SEK 2,7 billion. The agreement also includes the optionality to increase volumes up to 2 TWh corresponding to SEK 4.7 billion. The estimate is based on agreed annual volumes, current energy prices and the price of CO2-emission reduction benefits.

REEFUEL is a unique fuel in Europe that contributes to the decarbonisation of heavy goods transport. The climate-friendly fuel is produced from biomethane rendered by certified biological waste processes and green hydrogen generated by wind energy.