White Summit to take control of biomethane firm Ferbgas

Spanish investment firm White Summit Capital has sealed an agreement to acquire for an undisclosed amount a majority stake in Ferbgas Renewable, a Portuguese biomethane producer with a project pipeline capable of generating 500 GWh.

Founded in 2019, Ferbgas specialises in the development, construction and operation of biomethane plants and expects to see its first two projects operational by 2026. The company’s overall pipeline is estimated to require an investment of around EUR 200 million (USD 217.2m). Once fully deployed, the sites will account for roughly 15% of Portugal’s estimated biomethane production by 2030.

“The biomethane sector is expected to play a crucial role in producing competitive domestic green renewable gas and to contribute to EU security of supply. Green molecules are a key pillar of our investment strategy to decarbonise those industrial processes difficult to be electrified,” said Pablo Pallas, managing partner at White Summit.

(EUR 1 = USD 1.086)

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