Nordsol, a Netherlands-based BioLNG production and technology company, has brought Shell Ventures on as a strategic investor to support its mission to enable the energy transition by making BioLNG mainstream, it said.
BioLNG is a 100% substitute to liquefied natural gas (LNG) and can be used on vessels as a marine fuel; Nordsol uses biogas from organic waste streams to produce BioLNG.
The Shell Ventures minority investment will help fund Nordsol’s expansion from technology company into the full business concept of building, owning, operating and maintaining BioLNG plants together with biogas production partners.
“The Nordsol/Shell partnership offers a unique end-to-end BioLNG solution for biogas producers,” says Mattijs Slee, Shell Ventures Investment Principal.
“The Shell Ventures investment will help to scale the technology and build a material business with impact. Nordsol and Shell want to play a leading role towards a zero-emission transport market and this partnership could provide a breakthrough solution.”
Nordsol’s new business concept combines its smart and patented BioLNG technology with long term BioLNG offtake agreements with key LNG traders, offering a new monetisation route for biogas producers.
“Our BioLNG proposition, based on smart, integrated technologies and a guaranteed BioLNG offtake, will provide a clean and valuable alternative for waste management. With Shell Ventures as our partner, we will combine our resources to make BioLNG mainstream,” said Jerom van Roosmalen, founding partner at Nordsol.
“It is the combination between Shell Ventures and Nordsol that will help enable LNG as the future energy source for the heavy transport sector. We look forward to a healthy cooperation.”
Published: 12 February, 2019
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