First plant to be operated in cooperation with Dutch farmer
First plant to be operated in cooperation with Dutch farmer
Lohne, June 30, 2008 – EnviTec Biogas AG [ISIN: DE000A0MVLS8] will make an important strategic step and build its first own biogas plant outside Germany. ”Our international Plant Construction activities have been very successful, and we will now also establish our Own Plant Operations abroad,” said Olaf von Lehmden, CEO of EnviTec Biogas. In the Dutch town of Bergharen, the company will build a 625 kW plant together with a local farmer. This partnership will pay off for both sides: the farmer will supply the input materials, liquid manure and maize, for biogas production, while EnviTec Biogas will be in charge of plant construction as well as technical and biological service. The plant will be operated by the company’s Dutch partner, Pieter Theunissen. The total investment amount is EUR 1.8 million. Both partners hold equal shares in the plant. Going forward, some 4.9 million kW of electricity will be generated in Bergharen. The plant will be taken into service at the end of 2008 and will receive a feed-in compensation of 16 cents per kilowatt hour, which has been guaranteed for ten years.
“International demand for biogas plants is very high. More and more resource suppliers such as farmers and food companies on the one hand as well as utilities on the other hand not only want to buy our plants but also wish to cooperate with us in the production of biogas,“ said Olaf von Lehmden. Pieter Theunissen confirms that it is a good idea to cooperate with the plant manufacturer. “The fact that EnviTec Biogas, an experienced and financially strong plant manufacturer, participates in the project and assumes responsibility has clearly improved my negotiating position vis-à-vis the bank. I am looking forward to working with EnviTec, as we will benefit from our mutual strengths.”
As announced at the IPO, the Own Plant Operation segment has become an integral element in the company’s growth strategy. Going forward, the segment will be expanded further, as it generates regular revenues and attractive margins. At present, EnviTec Biogas operates or builds own modules with a rated electrical output of 8.9 MW. Further 3.5 MW are planned. The company sees many opportunities for growth in cooperation with local partners, especially abroad. The refinement of biogas to natural gas standards will gain importance in the Netherlands. The respective legal regulations are to be amended before the end of the year, which means that the refinement and feeding in of biogas could become much more attractive. “We are ready when this market picks up,” said Olaf von Lehmden.
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 addition, the company also operates its own biogas plants. In Penkun, in the German state of Mecklenburg-Western Pomerania, EnviTec constructed the world's largest biogas park with an electrical connected load of 20 megawatts. Today, the company is represented in more than 14 countries throughout Europe and as well in China and India. In 2007 EnviTec generated revenues of EUR 132 million and EBIT of EUR 18 million. The EnviTec Group has about 280 employees. Since July 2007 EnviTec is listed on the Prime Standard segment of the Frankfurt Stock Exchange.
Investor Relations:
Joanna Rode
EnviTec Biogas AG
Tel: +49 44 42 80 65-118
E-Mail: ir@envitec-biogas.de
Press contact:
Fabian Lorenz, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50-56 /-31
E-Mail: f.lorenz@hoschke.de, g.pauli@hoschke.de
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