Infravia Capital incorporates Heygaz Biomethane into its portfolio

In France, Infravia Capital Partners incorporated Heygaz Biomethane (Heygaz), a Pan-European renewable natural gas platform, to address the exciting and deep European renewable natural gas market opportunity and to leverage on the increasing needs of a broad range of industries and transportation customers for carbon neutral gas as a strong decarbonization tool.

Heygaz has been set up through the carve-out of two biomethane production plants and a strong development pipeline from Molgas, an InfraVia portfolio company specialized in small scale liquified natural gas (LNG), and the subsequent merger with biomethane developer Efedos, a Spanish developer led by one of the long-term partners of InfraVia, Fernando Sarasola.

Heygaz ambition to build and consolidate a European network of biomethane production plants across a selected number of high growth potential markets through both greenfield and brownfield development opportunities.

The recent completion by Heygaz of an agreement to acquire and develop Biovind AS in Norway, a greenfield project representing up to 80 GWh biomethane production, forms together with production assets carved out from Molgas, Renevo and Etne, a unique biomethane production cluster on the Norwegian west coast. In parallel, Efedos brings to Heygaz one of the most advanced greenfield pipelines in Spain and Portugal with c. 25 projects across the peninsula and the first final investment decisions (FIDs) expected in 2024 representing more than 1TWh/year of annual production potential.

In addition to its greenfield pipeline, Heygaz will pursue a strategy to consolidate biogas plants across the continent and convert them into biomethane plants. In the past months, Heygaz successfully completed the acquisition of 3 biogas plants in Greece representing a total of 150 GWh biomethane production potential (Vipel in the Pella area, two biogas plants in Thessaloniki). Greece is a core country for the further development of Heygaz with the government being committed to providing support for the conversing of the existing network of biogas plants to biomethane and the development of additional newbuild assets. Heygaz is currently actively looking at other brownfield opportunities in the Netherlands, Italy and north of Europe.