Byont, a biogas producer in the Benelux region, has secured an equity investment from Asterion Industrial Partners to fund the acquisition and upgrade of biogas plants across Europe. Asterion is an independent investment management firm specializing in European infrastructure with over €4 billion in assets under management.
The investment will allow Byont to acquire multiple combined heat and power (CHP) projects, which will be upgraded to produce biomethane or Bio-LNG. The company has announced the acquisition of its first two large-scale CHP projects from Arbio BV and Biofer BV, both located in Belgium. These plants convert manure and organic waste into products that can contribute to the decarbonization of the energy sector.
Once upgraded, the facilities are expected to generate sufficient biomethane to replace approximately 15 million cubic meters of natural gas and reduce carbon dioxide emissions by about 50,000 tonnes annually.
Management at Byont expressed appreciation for the support received during the transaction process and highlighted the potential of Asterion's experience in the sustainable infrastructure sector as beneficial for their long-term strategy.
Partners at Longspur Capital, the financial advisor on the capital raise and acquisitions, noted the significance of biogas in future energy systems and expressed optimism about Byont's upcoming projects.
