Vestforsyning, Struer Energi and Copenhagen Infrastructure Partners (CIP) have agreed to establish a center for sustainable bioenergy in Denmark’s Holstebro and Struer municipalities.
To achieve this, CIP, through its Copenhagen Infrastructure Advanced Bioenergy Fund I (CI ABF I), plans to invest in the expansion and upgrade of MEC-Biogas, one of Denmark’s first large-scale industrial biogas plants. CI ABF I reached its first close with €375 million ($398 million) of commitments in April 2022. The fund has a target size of €1 billion ($1.1 billion) and is expected to close in 2023.
MEC-Biogas currently converts around 500,000 tons of manure to raw biogas annually for power and heat production. CIP expects to increase the total yearly capacity of sustainable biomass to 800,000 tons, as well as develop new business models for the plant. The company also is looking at future expansion possibilities for the bioenergy center, such as second-generation bioethanol and