We at Future Biogas are proud to announce our acquisition by 3i Infrastructure – a FTSE-250 listed investment firm with a portfolio worth over £3.4 billion.
3i Infrastructure’s funding and support mean we can push on with Project Carbon Harvest, our venture to design and operate the next generation of AD plants delivering Bioenergy with Carbon Capture and Storage (BECCS) while helping to decarbonise UK farming.
BECCS is critical to the UK’s delivery of net zero. Our new BECCS sites are on-track to become the UK’s first to capture bio-CO2 from biogas for permanent geological storage. This process actively removes carbon from the atmosphere, reversing GHG emissions.
Crucially, the business model is built around operating without the need for government subsidy. Consequently, this model has the potential to break biomethane dependence on government support (e.g., RHI, GGSS) – saving the government money whilst helping to reach Net Zero.
Following the transaction, we are on course to break ground on our first new plant this Summer.