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41 min ago 2 min read
Biomethane plant developer GMT has secured £195m ($265m) in project finance to support the rollout of UK-based plants as it targets 1TWh of capacity by 2030.
GMT has secured a non-recourse debt package from Dutch bank ING, including £80m ($109m) for initial projects and up to £115m ($156m) of additional funding capacity for future expansion.
The financing is backed by project revenues, allowing GMT to expand its biomethane plant portfolio as new projects are developed.
GMT has said its initial tranche of projects will deliver around 280GWh of biomethane annually. Its additional facilities will be developed in later phases.
The financing will help GMT replicate and scale its biomethane projects using plug flow technology, used in its anaerobic digestion systems to continuously process organic feedstocks into biogas.
Gianluca Greenaway, CEO and Co-founder of GMT, said, “[The financing format] allows us to move from individual developments to a more scalable, repeatable infrastructure model, which is critical to delivering biomethane at the pace the UK energy system now requires.”
Biomethane is upgraded from biogas through the removal of carbon dioxide (CO2) and other impurities, so it can be used in the heating, transport, and industry sectors.
French sustainable energy investment firm Swen Capital Partners and UK biomethane technology company Rika Biotech each hold equity investments in GMT as of April 2025.
