Thursday 25 May 2023

French biogas company TotalEnergies has acquired a 20% stake in Finland-based start-up Ductor, to accelerate the development of the biogas value chain, thus contributing to the energy transition, the company said.

Terms of the transaction were not disclosed.

Ductor processes high-nitrogen organic waste, such as poultry manure, which is usually difficult to use for biomethane production.

By allowing the treatment of new types of input, this technology is helping It will also enable TotalEnergies to seize new market opportunities.

TotalEnergies has formed a partnership with Ductor to develop and invest in several biomethane production projects, primarily in the United States and Europe. Ductor already has a pipeline of fifteen to twenty projects, some of which are at an advanced stage.

The partners are planning to develop an initial facility in Ohio, United States. Under the terms of this joint venture, TotalEnergies will market the production of the biomethane, and Ductor the production of the sustainable biofertilisers.

Ductor builds, owns, and operates microbiological turnkey facilities, turning high nitrogen feedstocks and organic waste from the agricultural sector into sustainable fertilisers and biogas.

TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity.