- Mergers & Acquisitions
To develop biogas value chain, TotalEnergies buys stake in Ductor
TotalEnergies has acquired a 20% stake in Ductor, a Finnish start-up that has developed an innovative technology to process high-nitrogen organic waste, such as poultry manure, which is usually difficult to use for biomethane production.
By allowing the treatment of new types of input, this technology is helping to accelerate the development of the biogas value chain, thus contributing to the energy transition. It will also enable TotalEnergies to seize new market opportunities, the French energy company said.
TotalEnergies has also formed a partnership with Ductor to develop and invest in several biomethane production projects, primarily in the United States and Europe. Ductor already has a pipeline of 15 to 20 projects, some of which are at an advanced stage. The partners are planning to develop an initial facility in the U.S. state of Ohio. Under the terms of this joint venture, TotalEnergies will market the production of the biomethane, and Ductor the production of sustainable biofertilizers.
“We are pleased to partner with Ductor, a start-up with an innovative pre-treatment technology that will enable us to develop new biomethane production projects, using organic waste that is currently not, or only slightly, reused. By accelerating the biogas chain, this technology contributes directly to the energy transition and to TotalEnergies’ ambition of producing 20 terawatt hour (TWh) of biogas worldwide by 2030,” said Olivier Guerrini, vice president, Biogas at TotalEnergies.
“The partnership with TotalEnergies will allow us to move forward faster and rapidly develop our project portfolio. In today’s world, local energy production, food security and global warming are essential concerns for everyone. Ductor’s solution for repurposing high-grade organic residues into renewable energy and sustainable fertilizer is part of the answer. The markets for organic fertilizer and biogas are expected to grow strongly in the years to come,” said Ductor’s Chief Executive Officer Bernard Fenner.