Scandinavian Biogas Establishes Subsidiaries In Germany

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April 14 (Reuters) – Scandinavian Biogas Fuels
International AB:

* SCANDINAVIAN BIOGAS ESTABLISHES SUBSIDIARIES IN GERMANY
AND
BEGINS PLANNING TWO PROJECTS

* SIGNED AN AGREEMENT WITH GERMAN BIOGAS I SVERIGE AB

* EACH PRODUCTION PLANT COMPANY WILL BE CO-OWNED BY
SCANDINAVIAN
BIOGAS (85%) AND GERMAN BIOGAS I SVERIGE (15%)

* WE ESTIMATE THAT FINAL INVESTMENT DECISIONS WILL BE MADE
IN 2024

* TOTAL INVESTMENT IS ESTIMATED AT APPROX. 90 MILLION EURO

* OPERATING EBITDA MARGIN IS ESTIMATED TO SIGNIFICANTLY
EXCEED
30%, WHICH IS IN LINE WITH GROUP’S GOALS.
Source text for Eikon:
Further company coverage:
(Gdansk Newsroom)

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