Ren-Gas and avanca Energy, along with avanca’s subsidiaries avanca Renewables and Alternoil, have signed a long-term e-methane offtake agreement worth €1 billion.
The e-methane will be produced at Ren-Gas’ Tampere, Finland, site, and transported through avanca/Alternoil’s renewable LNG distribution line in Europe. Avanca Renewables manages the company’s renewable fuel portfolio, sourcing bio-LNG and e-methane, while Alternoil operates Germany’s largest renewable LNG distribution network
Saara Kujala, CEO, Nordic Ren-Gas, said: “This agreement is a landmark milestone – both for Ren-Gas and for the European renewable e-methane market. It reflects the quality and competitiveness of our projects, the strength of our Finnish production platform, and the growing commercial appetite for scalable renewable fuel solutions across Europe.”
Jürgen Muhle, CEO & Chairman of the Board, avanca Energy AG, followed: “Ren-Gas’s renewable e-methane combines low carbon intensity, technical scalability and genuine commercial competitiveness. This partnership lets us deliver real decarbonisation value to LNG-powered operators today, while demonstrating the wider potential of existing gas infrastructure to support Europe’s energy transition in a cost-effective manner.”
Ren-Gas and avanca Energy Sign e-Methane Offtake Agreement
