Headquartered in Bucharest, BSOG Energy is set to build biogas plants in Romania, with each of them estimated to have a capacity of at least 15 MW.
“In partnership with our shareholders Carlyle and EBRD, the formation of BSOG Energy expands our platform in Romania with a new energy company focusing on green energy development. Biogas plays an important role in the energy transition, eliminating the significant pollution burden or organic waste discharge on lands and land fill sites, as well as providing substantial greenhouse gas emission reductions by converting naturally occurring methane into a useable, domestically produced fuel,” stated Mark Beacom, BSOG CEO and Managing Director of BSOG Energy.
Biogas is produced from agricultural and other organic waste, such as manure, straw and food wastes. The net carbon dioxide emissions generated is significantly lower, or in some cases negative, when compared with fossil methane.
For these reasons, biogas is expected to play a critical role in achieving EU’s climate goals. Demand for biogas is forecast to increase by 20% per annum this decade, driven by supportive EU policies and incentive structures.
Given the size of its agricultural sector, Romania has substantial feedstocks of agricultural waste than remain underutilized. By leveraging this natural endowment and promoting supportive public policies that facilitate private sector investment and subsidies from the EU’s Modernization Fund, Romania has the potential to become a biogas leader in Europe.
“Romania has significant biogas potential, but few developments to date. By bringing in capital, feedstock, design, offtake and green credit expertise combined with BSOG’s ability to execute in Romania, we believe that BSOG Energy is uniquely positioned to create a strong and scalable platform to deliver biogas for the region. A strong Romanian biogas industry has the potential to increase domestic production of gas with zero carbon emissions, upgrade agricultural waste into new income streams for the agricultural sector and create new jobs in the country”.
2023 was the first complete production year for Midia Gas Development at the Black Sea, carried out by BSOG together with its partners, Petro Ventures and Gas Plus.
(English version by Catalina Apostoiu)