St1 Biokraft completes acquisition of Danish Bio Commodities

The acquisition marks St1 Biokraft’s entry into the Danish market, one of Europe’s most developed biomethane (aka renewable natural gas – RNG) markets.

Through DBC, St1 Biokraft adds more than 350 GWh of production capacity and approximately 900 GWh in the development pipeline.

The transaction includes five production assets, four wholly owned and a 25 percent stake in a fifth, alongside a development pipeline of six greenfield biomethane projects.

DBC also brings market-facing capabilities and an experienced local team with expertise in biomass sourcing, biogas production, trading and technical services.

The transaction, the value of which has not been disclosed, supports St1 Biokraft’s 2030 targets of reaching 3 TWh per annum in own production and 6 TWh in sales and distribution.

I am very pleased to announce that we have completed the acquisition of DBC. It marks an important step for St1 Biokraft and gives us a strong platform in Denmark from day one. I am also pleased to welcome our new colleagues from DBC to St1 Biokraft. Their experience, market knowledge and relationships will be important as we continue to build our Nordic biomethane business, said Miika Johansson, CEO of St1 Biokraft.

Following the completion, St1 Biokraft will focus on the next phase of the integration process, ensuring continuity for customers, partners and employees.