Nordsol, the BioLNG production and technology company, has brought Shell Ventures on as strategic investor to support its mission to enable the energy transition by making BioLNG mainstream.
Nordsol uses biogas from organic waste streams to produce BioLNG, or liquified biomethane. With its unique technology, Nordsol offers a cost competitive solution for the long-haul, heavy duty transport sector with a pathway to net zero emissions.
Nordsol’s new business concept combines its smart and patented BioLNG technology with long term BioLNG offtake agreements with key LNG traders, offering a new and solid monetisation route for biogas producers. The Shell Ventures minority investment will help fund Nordsol’s expansion from technology company into the full business concept of building, owning, operating and maintaining BioLNG plants together with biogas production partners. In addition to the benefits of BioLNG, the Nordsol process separates Bio CO2 for supply to consumers, resulting in a significantly reduced CO2 footprint.
“The Nordsol/Shell partnership offers a unique end-to-end BioLNG solution for biogas producers,” says Mattijs Slee, Shell Ventures Investment Principal. “The Shell Ventures investment will help to scale the technology and build a material business with impact. Nordsol and Shell want to play a leading role towards a zero-emission transport market and this partnership could provide a breakthrough solution.”
“Our BioLNG proposition, based on smart, integrated technologies and a guaranteed BioLNG offtake, will provide a clean and valuable alternative for waste management. With Shell Ventures as our partner, we will combine our resources to make BioLNG mainstream,” said Jerom van Roosmalen, founding partner at Nordsol. “It is the combination between Shell Ventures and Nordsol that will help enable LNG as the future energy source for the heavy transport sector. We look forward to a healthy cooperation.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06022019/nordsol-agrees-partnership-with-shell-ventures/
You might also like
Armada Technologies has signed a contract to design, engineer, procure, and provide support for the installation and commissioning of its air lubrication system on a CoolCo vessel scheduled to dry dock in 2024.