Dutch biomethanol gets investment
The Netherlands-based private equity firm Waterland has reached a final agreement with sustainable energy company Econcern for participation in BioMCN’s biomethanol projects.
The additional capital enables producer BioMCN to continue further investments in the construction of processing units for the production of biomethanol, on the world’s largest second generation biofuel plant.
The first biomethanol unit in Delfzijl, the Netherlands, has a capacity of 200,000 tonnes a year, and is scheduled to start production in April 2009.
The €36 million investment by Waterland Private Equity allows BioMCN to immediately start engineering on the next expansion to double its capacity to 400,000 tonnes by 2010, eventually growing to a total of 800,000 tonnes.
BioMCN was founded in November 2006 and during the last two years it has converted an existing methanol production unit in the Netherlands to run on bio-gas made from crude glycerine, rather than the usual natural gas feedstock.
The additional capital enables producer BioMCN to continue further investments in the construction of processing units for the production of biomethanol, on the world’s largest second generation biofuel plant.
The first biomethanol unit in Delfzijl, the Netherlands, has a capacity of 200,000 tonnes a year, and is scheduled to start production in April 2009.
The €36 million investment by Waterland Private Equity allows BioMCN to immediately start engineering on the next expansion to double its capacity to 400,000 tonnes by 2010, eventually growing to a total of 800,000 tonnes.
BioMCN was founded in November 2006 and during the last two years it has converted an existing methanol production unit in the Netherlands to run on bio-gas made from crude glycerine, rather than the usual natural gas feedstock.
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