In November 2017, Pioneer signed an agreement to acquire via privatisation the largest producer of biogas in Denmark, Nature Energy, which produces green gas that is injected directly to the European grid from farm and food waste. The company has 10 large scale operational plants (including the world’s largest waste-derived biomethane plant, Korskro) and is expanding 4 and building 3 new plants. The company currently produces c. 100 million m3 of green gas per annum and expects to double this once all expansions and new plants are operational.
Nature Energy is the European leader in the emerging green gas to grid sector, and sits at the intersection of green energy production, the circular economy in waste management, and sustainable farming. Green gas injected into the European gas grid can be stored, which is critical to driving more renewable energy because it balances intermittent power sources such as wind and solar. Green gas also provides a direct path to green transport and heating using existing distribution infrastructure and Nature Energy is the largest operator of CNG stations in Denmark.
Nature Energy was acquired by Pioneer in a consortium comprising of global investment firm Davidson Kempner and leading Danish pension fund Sampension.
Please click here to watch a video on how Nature Energy is contributing to the green transition.