BSOG starts investing in biogas in Romania

Black Sea Oil & Gas SA (BSOG), alongside its shareholders, global investment firm 凯雷投资集团 and the European Bank for Reconstruction and Development EBRD , announced that it has launched @BSOG Energy, a new company focused on developing biogas power plants in Romania.

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BSOG Energy will develop biogas power plants in Romania with each site expected to have a capacity of minimum 15 MW. Carlyle and EBRD have committed to support BSOG Energy’s development activities and will work closely together in scaling this new company.

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Biogas is produced from agricultural and other organic waste, such as manure, straw and food wastes. The net carbon dioxide emissions generated is significantly lower, or in some cases negative, when compared to fossil methane. For these reasons, biogas is expected to play a critical role in achieving the EU’s climate goals. Demand for biogas is forecast to increase by 20 % per year this decade, driven by supportive European Union policies and incentive structures.

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Given the size of its agricultural sector, Romania has substantial feedstocks of agricultural waste that remain underutilized. By leveraging this natural endowment and promoting supportive public policies that facilitate private sector investment and subsidies from the EU’s Modernization Fund, Romania has the potential to become a biogas leader in Europe.

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BSOG CEO Mark Beacom said that the establishment of BSOG Energy expands the company’s platform in Romania with a new energy company focusing on green energy development. Biogas plays an important role in the energy transition, eliminating the significant pollution burden of organic waste discharge on lands and land fill sites, as well providing substantial greenhouse gas emission reductions by converting naturally occurring methane into a useable, domestically produced fuel.

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