Under this partnership, Bionersis will install and operate methane recovery and flaring systems on landfill sites in various Asian countries, while EC&R will bring technical expertise in gas-fired power generation. Profits from carbon credits (CERs) and energy revenues generated by the projects will be shared between Bionersis and EC&R.
This partnership creates a unique combination of EC&R’s strong investment capacities and energy expertise with Bionersis’ track record in originating, developing and operating CDM landfill gas projects. Several projects are currently under assessment in South-East Asia and are expected to be jointly developed within the next 18 months.
The first project in the partnership between EC&R and Bionersis will be at Kamphaeng Saen in Thailand, one of the largest landfills in South-East Asia. This is also the first project developed by Bionersis in the region. It is expected to reduce climate harming methane emissions and therefore produce around 2 million CERs over the next 10 years for a total investment exceeding EUR 5.0 million. The Kamphaeng Saen project has been registered now by UNFCCC.
“We are committed to developing a world class carbon sourcing business at E.ON Climate & Renewables. This partnership takes us another step closer to that goal.” said Hervé Touati Managing Director of Carbon Sourcing, Emerging Technologies and New Markets at EC&R. “with the project at Kamphaeng Saen set to produce good volumes of CERs and other projects potentially in the pipeline, we have found excellent partners in Bionersis”.
Nicolas Heuzé, Chief Executive Officer of Bionersis said “We are very excited about this partnership which will enable us to accelerate our development in Asia, where we have already identified several large opportunities. This partnership is also an important milestone for Bionersis as it confirms the interest of a major European utility, highly involved in climate protection activities, in landfill gas valorization projects for which Bionersis has developed a unique expertise”.
