Ren-Gas, which is developing e-methane production, raised a significant investment pot

Taaleri Investment, Finnish Industry Investment Tesi and a group of other financiers are investing a total of 16 million euros in a project developing e-methane projects. Nordic Ren-Gas.

“The European hydrogen market is developing rapidly, and Ren-Gas is in an excellent position to meet the growing demand for e-methane. We are very pleased to have Taaleri and Tesi as investors in Ren-Gas’ growth story,” says the company’s CEO Sarah Kujala.

Tarastenjärvi project at its most advanced stage

In addition to the company's founders, the largest owners of Finnish Ren-Gas are the German Allianz and Ilkka Herlin's investment company Suomen Tavara ja Raha oy. Both also participated in the company's latest financing round.

Ren-Gas, which started in 2021, aims to build an extensive network of P2G gas production plants across Finland in cooperation with local energy companies.

The company's flagship project in Tampere, where a large plant is planned for the Tarastenjärvi waste-to-energy plant, has progressed the furthest.

In addition to Tampere, Ren-Gas is planning production plants in Pori, Lahti, Kotka, Mikkeli and Kerava.

Ren-Gas' plant network plans have previously been reported by, among others, Kemiamedia.fi.

700 megawatts of electrolysis capacity in the development pipeline

The projects include a total of over 700 megawatts of electrolysis capacity, equivalent to the annual fuel needs of approximately 7,000 trucks.

The synthetic methane production process uses renewable electricity to produce hydrogen from water, which is then refined into methane by combining it with bio-based carbon dioxide. The electricity comes from wind power, and the carbon dioxide is captured from the flue gases of combustion plants.

Fully renewable e-methane replaces fossil fuels in both road and maritime transport and in industry.

Text: Päivi Ikonen, Kemiamedia.fi

Image: Adobe Stock. E-methane can replace fossil fuels in heavy traffic, for example.