Sumitomo Corporation and Skovgaard Energy Form Joint Venture, North Sky A/S, to Revolutionize Renewable Energy in Denmark
Key Ideas
- Sumitomo Corporation partners with Skovgaard Energy to establish North Sky A/S, focusing on expanding biogas production and developing sustainable aviation fuel in Denmark.
- The joint venture targets an annual biogas production of 40 million Nm³, aiming to meet the gas demands of 20,000 Danish households and support the nation's renewable energy leadership.
- Denmark's commitment to powering its national gas grid with biogas by 2030 aligns with the joint venture's goals, utilizing organic waste to achieve carbon-neutral energy solutions.
- The collaboration between Sumitomo Corporation and Skovgaard Energy is expected to drive the expansion of the biogas business and accelerate e-SAF production, leveraging Denmark's renewable energy advantages.
Sumitomo Corporation and Denmark's Skovgaard Energy have joined forces to create North Sky A/S, a new joint venture dedicated to expanding biogas production and developing sustainable aviation fuel (e-SAF) in Denmark. The partnership aims to significantly increase biogas production, with an initial target of 40 million Nm³ annually, sufficient to meet the gas needs of 20,000 Danish households. The joint venture also plans to expand Skovgaard Energy's existing biogas production facilities across Denmark, solidifying the country's position in renewable energy. Biogas, derived from organic waste, offers a carbon-neutral energy solution, aligning with Denmark's goal to power its national gas grid with biogas by 2030. The collaboration will also focus on developing and commercializing e-SAF, a crucial step in decarbonizing the aviation industry. Skovgaard Energy's experience in renewable energy, along with Sumitomo Corporation's extensive business network, is expected to drive the growth of the biogas sector and accelerate e-SAF production. Denmark's reliance on renewable sources for most of its domestic electricity gives it an advantage in procuring green hydrogen, essential for e-SAF production. Overall, the joint venture aims to provide stable and cost-effective biomass-derived CO2 supply for sustainable aviation fuel, contributing to Denmark's renewable energy objectives.
Topics
Green Hydrogen
Aviation
Renewable Energy
Decarbonization
Renewable Sources
Joint Venture
Sustainable Aviation Fuel
Energy Self-sufficiency
Biogas Production
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