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NIB, the multilateral development bank owned by the Nordic and Baltic states, extended a 9-year EUR 27.5 million loan to BioCirc Group, a Danish biogas producer, to build CO2 cleaning and liquefaction infrastructure at five of its eight plants. The loan is structured under NIB's InvestEU Framework Operation on Clean Energy Transition — the first time NIB has used the InvestEU guarantee for a Danish borrower, and the bank's first ever project-financed CCS loan. Once liquefied, the captured CO2 is delivered to Project Greensand, the Danish-led CCS consortium that injects CO2 for permanent geological storage in depleted North Sea gas reservoirs. Operations across the five plants are targeted to start in 2026, with the financed capacity expected to remove at least 130,000 tonnes of CO2 a year (state-aid-quantified, hence severity_basis: quant).
Severity is set at 2/5, consistent with the register's existing cluster of 2025 state-development-bank RDI/capex loans to individual companies in the EUR/CAD tens-of-millions range (Nexans, Fresenius, Atikamekw biomass, Electra cobalt) — a genuine state-backed capital subsidy reinforcing domestic decarbonization-infrastructure buildout, but modest in absolute scale relative to flagship national subsidy programmes.
into upstream capture/liquefaction infrastructure at distributed biogas sites, a model that could be replicated at other Nordic biogas operators if InvestEU financing proves reusable.
may recur across other Nordic-Baltic members now that the InvestEU Clean Energy Transition framework has been tested in Denmark.
infrastructure, and what happens to CO2 handling at the remaining three.
committed to absorb the full 130,000 tonnes/year once all five sites are operational, or whether this adds to an existing supply queue.