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Swedish company Purac constructs facility for Norwegian company Biokraft

SEK has financed the Norwegian company Biokraft’s construction of a biogas facility in Skogn, just north of Trondheim. The Swedish environmental technology company Purac constructed the facility that is now Northern Europe’s largest producer of liquid biogas. The facility will more than double production of biogas in Norway.

Northern Europe’s largest biogas facility

Facts

Type of business: Export Credit
Amount: NOK 160 miljoner
Borrower: Biokraft AS i Norge
Exporter: Purac AB
Structuring bank: SpareBank1 SMN
Guarantee: SpareBank1 och EKN

Facts

Type of business: Export Credit
Amount: NOK 160 miljoner
Borrower: Biokraft AS i Norge
Exporter: Purac AB
Structuring bank: SpareBank1 SMN
Guarantee: SpareBank1 och EKN

SEK financed an export credit to Biokraft AS that was arranged by SpareBank 1 SMN. The project is also co-financed by Innovation Norway and the Norwegian company ENOVA.

“At Purac, we are tremendously proud to have the opportunity to construct this landmark in renewable fuel.”

Jonas Fack, Managing Director, Purac

The facility in Skogn will be the largest biogas plant that Purac has constructed in Europe and it is thanks to competitive financing from SEK and collaboration with the Swedish export credit system that the project can be brought to fruition and Biokraft can contribute to a better environment.”

SEK’s share of the financing will result in an annual reduction in CO2 emissions of 30,000 metric tons.

“Norway has entered a period of comprehensive readjustment. We are developing industry and commerce, which will take over the role that oil and gas operations currently play. Biokraft shows that it is possible to combine industry’s demands for profitability with the need for clean fuel, increased production and reduced climate emissions.”, says Håvard Wollan, CEO, Biokraft

Would you like to know more?

Contact Per for more information.

per.edlundh@sek.se

08-613 83 98

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