Infrastructure asset management company Infranity is providing $145m to FemoGas subsidiary Iniziative Biometano to build four more liquid biomethane plants in Italy, with an option to increase it by a further $100m.
The plants will have a total capacity of 0.5TWh by 2027. Biomethane generated from these facilities will be commercially available to serve the European road and maritime transport sectors, helping drive sustainable energy adoption.
Stefano Svegliado, Co-CEO of FemoGas, said, “Thanks to this financing, we will be able to increase the production of liquid biomethane for heavy duty vehicles and maritime transport by funding seven biomethane plants, three of which are already operational, doubling output from the current 0.25 TWh.”
Stefano Bozzetto, Founder and Co-CEO of FemoGas, said, “This initiative will play a key role in supporting Italian agriculture and livestock farming – pillars of the Made in Italy agri-food sector. At the same time, the group will accelerate the production of chemical and organic fertilisers not derived from hydrocarbons.”
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