GlobeNewswire by notified

CycleØ Inaugurates Spain’s First Biomethane Plant with Ammonia Stripping

Share

The facilities are located in the Catalonian municipality of Vallfogona de Balaguer. CycleØ plans to have 20 biomethane plants underway or operating in Spain by the end of 2024. These facilities represent a total investment of €50 million and will produce 240 GWh of biomethane annually

Key facts:

  • The facility will help Granja La Carbona reduce nitrate pollution, minimise transport costs related to waste management, increase revenue, and reduce greenhouse gas emissions.
  • Ammonia stripping technology will produce ammonium nitrate and sulfate from the liquid fraction of the waste byproduct of the biomethane production process. This will reduce the need for carbon-intensive mineral fertilisers on the farm.
  • CycleØ will have a total of 20 plants underway or operating in Spain by the end of 2024. This represents a €50 million investment that will produce 240 GWh of biomethane annually.

To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

LONDON and BARCELONA, Spain, Sept. 15, 2023 (GLOBE NEWSWIRE) -- For Domingo Serret of Granja La Carbona, like all Spanish livestock farmers, manure management is a big challenge.

But, through a partnership with biomethane producer CycleØ, Granja La Carbona has found a solution that has turned this challenge into an opportunity. The farm is home to the first biomethane facility in Spain that integrates ammonia stripping technology, which transforms manure into sustainable fertiliser and represents a clear example of a circular economy in action.

The second in a series of CycleØ’s investments in Spain

This small-scale plant joins another facility in Vilanant, Catalonia, to become CycleØ’s second operational installation in Spain and the company’s first fully developed, owned, built and operated facility in the country.

CycleØ invested €2.5 million in the development and construction of the facility in Granja La Carbona, which has a maximum production capacity of 15,000 MWh per year. That’s enough power to reduce the equivalent of 9,000 tonnes of CO2 emissions annually.

CycleØ’s industrial subsidiary, FNX, developed, designed, and built the biogas upgrading technology used in this plant. This includes proprietary, optimised membrane-based cleaning and biogas compression equipment that allow the plant to produce Bio-CNG or Bio-LNG with 99% purity.

“We’re very excited about this project,” said Jordi Berengué Piqué, Managing Director of FNX. “This is an excellent example of how our modular biogas upgrading technology can bring numerous benefits to the agri-food sector, reducing greenhouse gas emissions and developing circular economy models.”

The project is the second in a series of investments the company is making in Catalonia and Spain. In the coming months, CycleØ will complete its third Spanish facility, located on another livestock farm near Granja La Carbona. The company has invested €2 million in the plant, which will produce 10 GWh of biomethane per year, equivalent to the annual consumption of 1,250 households.

Bringing biomethane development to rural areas

Spain has the potential to generate over 163 TWh of biomethane power. But much of the feedstock needed to realise that potential is located in rural areas where it’s hard to access.

As a response, CycleØ is focused on developing, building, and operating its own small- to medium-scale biomethane plants. The facilities use proprietary modular upgrading and liquefaction units designed and built by FNX that enable access to valuable feedstock sources.

“The biomethane we produce can be injected into existing gas grids, and the Bio-CNG or Bio-LNG can be used as fuel for heavy transport,” explained CycleØ CEO Laurence Molke. “Through projects like this one, we’re investing in Spain’s emerging bioenergy market and helping meet national decarbonisation targets—while working with farmers to reduce costs and increase sustainability.”

Spain’s first plant to integrate ammonium stripping technology

The project at Granja La Carbona is Spain’s first biomethane project to incorporate ammonia stripping. The process transforms ammoniacal nitrogen contained in the liquid fraction of the digestate byproduct of anaerobic digestion into a sustainable fertiliser suitable for use on all the farm's crops.

"This biomethane facility with ammonia stripping is a significant step forward for our operation," said Domingo Serret. "Not only will it reduce our waste management costs, but it will also provide us with valuable organic fertiliser, reduce our carbon footprint and make our operations more sustainable."

“Projects like these are contributing to our mission to help the world reach net-zero emissions by 2050 and meet the RePower EU target of 35 million bcm of biomethane by 2030,” Molke said. “We’re also excited to help meet Spain´s energy transition goals.”

About CycleØ

CycleØ is a European biomethane platform. The company is an integrated producer of compressed and liquefied biomethane, capturing methane emissions from the agri-food sector and turning it into renewable natural gas used to decarbonise the transport industry and gas grid. CycleØ builds, owns, and operates small to medium-scale, decentralised biomethane projects. Through its subsidiary FNX, located in the Spanish Basque Country, CycleØ possesses market-leading upgrading and liquefaction technology.

To learn more about CycleØ, visit www.cycle0.com

About FNX
FNX specialises in the design, manufacturing, installation and operation of biogas upgrading and biomethane liquefaction equipment, offering a renewable alternative to natural gas. FNX brings its fifteen years of engineering expertise to the CycleØ Group, a leading European biomethane platform, and has developed market-leading modular biogas upgrading and liquefaction technologies.

To learn more about FNX, visit fnxlng.com

Contact:

Andrea De Ascó Cortés
Senior Marketing Manager
Mobile: +44 7874 162 897
andrea.deasco@cycle0.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Orkuveita Reykjavíkur – Green Bond Auction Results4.10.2023 22:52:23 CEST | Press release

Today, October 4th, 2023, Reykjavík Energy (Orkuveita Reykjavíkur; OR) concluded a green bond auction in the green bond classes OR020934 GB and OR180255 GB. OR020934 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of September 2nd, 2034. Previously, bonds have been issued in the category with a nominal value of ISK 18,947 million. The series attracted bids totaling ISK 2,220 million nominal value at yields between 4.16% and 4.30%. OR accepted bids amounting to ISK 2,180 million at a yield of 4,27%. OR180255 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of February 18th, 2055. Previously, bonds in the category have been issued with a nominal value of ISK 26,201 million. The series attracted bids totaling ISK 1,080 million nominal value at yields between 3.77% and 3.85%. OR accepted bids amounting to ISK 1,080 million at a yield of 3.85%. Fossar Investment Bank oversees the issuance

CNH Industrial: Periodic Report on $300 Million Buyback Program4.10.2023 22:30:00 CEST | Press release

Basildon, October 4, 2023 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that under the sixth $50 million tranche (the “Sixth Tranche”) of its $300 million share buyback program the Company completed transactions in the period September 18, 2023 to September 22, 2023, reported in aggregate, as set forth in the table below. After the purchases announced today and considering those previously executed under the Sixth Tranche, the total invested amount in the Sixth Tranche is approximately €21,868,112.36 ($23,678,032.88) or a total amount of 1,771,134 common shares purchased. DateNumber of common shares purchasedAverage price per share excluding feesConsideration excluding fees Consideration (*) excluding fees(€)(€)($) September 25, 2023 87,600 11.3821 997,071.96 1,060,186.62 September 26, 2023 69,635 11.3500 790,357.25 838,173.86 157,235 - 1,787,429.211,898,360.48 (*) All translations determined from Euro to US Dollar at the exchange rate reported by the European Central Bank on t

PHAXIAM Receives Compliance Notice from Nasdaq4.10.2023 22:05:00 CEST | Press release

PHAXIAM Receives Compliance Notice from Nasdaq Lyon (France) et Cambridge (MA, US), October 4, 2023, at 10:05 pm CEST – PHAXIAM Therapeutics (Nasdaq & Euronext: PHXM), today announced that it has received confirmation from Nasdaq that it has regained compliance with Listing Rule 5550(a)(2). With closing bid price of PHAXIAM’s American Depositary Shares (“ADSs”) above $1.00 per ADS for the 10 consecutive business days from September 18 through September 29, 2023, PHAXIAM has regained compliance with Listing Rule 5550(a)(2). On October 7, 2022, PHAXIAM, formerly Erytech Pharma, had received notification from The Nasdaq Stock Market LLC indicating that, based upon a closing bid price of less than $1.00 per ADS for the prior 30 consecutive business day period, the Company no longer satisfied Nasdaq’s rule on minimum bid price. On July 27, 2023, PHAXIAM announced a 10-to-1 reverse share split of its shares and ADSs to cure this deficiency, and the reverse share and ADS splits were effected

SCOR announces the acquisition of 9,000,000 of its own shares upon the partial exercise of the call option granted by Covéa in 2021, and the subsequent sale of these shares to BNP Paribas Cardif4.10.2023 21:58:28 CEST | Press release

Press Release 4 October 2023 - N° 19 SCOR announces the acquisition of 9,000,000 of its own shares upon the partial exercise of the call option granted by Covéa in 2021, and the subsequent sale of these shares to BNP Paribas Cardif Under the June 2021 settlement agreement entered into between SCOR and Covéa in the presence of the Autorité de Contrôle Prudentiel et de Résolution, Covéa granted SCOR a binding and irrevocable call option on its full stake in SCOR – representing 8.8% of the share capital1 – at a price of EUR 28 per share. The board of directors of SCOR authorized today the partial exercise of this call option for the purchase of 9,000,000 SCOR shares held by Covéa, representing 5.01% of SCOR’s share capital1. Once delivered by Covéa to SCOR, the shares will be sold to BNP Paribas Cardif through an over-the-counter transaction. These transactions aim to normalise SCOR’s shareholding. * * * Contact details Media Relations Alexandre Garcia media@scor.com Investor Relations Yv

Azerion publishes Notice of Extraordinary General Meeting to be held on 16 November 20234.10.2023 21:50:09 CEST | Press release

Amsterdam, 4 October 2023 – Azerion Group N.V. has today published the Notice of Extraordinary General Meeting 2023 (EGM), which will be held on 16 November 2023. The notice, agenda and accompanying explanatory notes have been published on our website www.azerion.com/egm/ The agenda of the EGM comprises the appointment of two Supervisory Board members. Further information regarding the registration and attendance of the EGM, as well as instructions and deadlines on how to vote and submit questions, can be found on our website http://www.azerion.com/egm/ About Azerion Founded in 2014, Azerion (EURONEXT: AZRN) is one of Europe’s largest digital advertising and entertainment media platforms. We bring global scaled audiences to advertisers in an easy and cost-effective way, delivered through our proprietary technology, in a safe, engaging, and high-quality environment, utilizing our strategic portfolio of owned and operated content with entertainment and other digital publishing partners.