InfraVia announces incorporation of Heygaz Biomethane

• The recent completion by Heygaz of an agreement to acquire and develop Biovind AS in Norway, a greenfield project representing up to 80 GWh biomethane production, forms together with production assets carved out from Molgas, Renevo, and Etne, a unique biomethane production cluster on the Norwegian west coast. In parallel, Efedos brings to Heygaz one of the most advanced greenfield pipelines in Spain and Portugal with approximately 25 projects across the peninsula and the first final investment decisions (FIDs) expected in 2024 representing more than 1TWh/y of production potential.
• In addition to its greenfield pipeline, Heygaz will pursue a strategy to consolidate biogas plants across the continent and convert them into biomethane plants. In the past months, Heygaz successfully completed the acquisition of three biogas plants in Greece representing a total of 150 GWh biomethane production potential (Vipel in the Pella area, two biogas plants in Thessaloniki). Greece is a core country for the further development of Heygaz with the government being committed to providing support for the conversing of the existing network of biogas plants to biomethane and the development of additional newbuild assets. Heygaz is currently actively looking at other brownfield opportunities in the Netherlands, Italy, and north of Europe.

Heygaz is led by Fernando Sarasola as Executive Chairman and former Repsol Senior Executive, Francisco Maza, who has joined the platform as CEO. Maza has extensive experience in the energy sector and has held several managerial positions in business development, natural gas trading, biomethane, and green hydrogen. The current workforce at Heygaz comprises a multidisciplinary team of around 15 individuals in Europe, supported by 20+ operational resources working in the plants.

Sarasola stated: “We are extremely excited with the growth prospects ahead of us and our ambition to consolidate Heygaz as the reference biomethane platform in Europe with the support of InfraVia. Heygaz is the successful merger of strong operational European assets of Molgas and greenfield platforms, and is already positioned as one of the clear references in the sector.”

Athanasios Zoulovits, Partner at InfraVia, added: “Circular economy is one of our strong convictions sectors at InfraVia. Heygaz is well set up to play a leadership role in the European biomethane sector, with strong growth prospects driven by the EU’s ambition to increase European production of biomethane by 2030 as an alternative and sustainable fuel. This is key to meet the decarbonisation agenda of multiple end users. We are excited to continue the partnership with Fernando on an additional venture and are excited to work with Francisco and the Heygaz team on the ambitious path we set ourselves to achieve.”

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