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Glimstedt Advises GreenGas Energy on Acquisition of Biogas for Planned Biomethane Production Plant

Glimstedt Advises GreenGas Energy on Acquisition of Biogas for Planned Biomethane Production Plant Glimstedt Advises GreenGas Energy on Acquisition of Biogas for Planned Biomethane Production Plant

Glimstedt has advised GreenGas Energy OU on its entrance into a long-term purchase and sale agreement with the aspen pulp mill Estonian Cell AS for biogas to be turned into biomethane. Raidla Ellex advised Estonian Cell.

“Up till now we have used this biogas in our own manufacturing process,” explained Siiri Lahe, a member of the management board of Estonian Cell. “But during standstills this valuable by-product goes to waste by being burnt without any benefits. A biomethane production plant will allow the full exploitation of the biogas generated.” 

GreenGas Energy is planning to produce 6-7 million cubic meters of biomethane a year at a new plant which will be built later this year in Kunda, Estonia, with the biomethane expected to reach the gas grid in 2017.  According to Glimstedt, "biomethane is the cleanest renewable natural fuel, the use of which in transportation will significantly reduce environmental pollution. GreenGas Energy, established in 2015 as a result of collaboration between Glimstedt Energia OU and GreenGas OU, is the company producing bio-fuels." 

Marko Tiiman, Managing Partner of Glimstedt Estonia, is a member of the board of GreenGas Energy.  According to Tiiman the investment will help to meet the objectives of the deployment of renewable energy in the transport sector in Estonia.  

Imbi Jurgen, energy law specialist at Glimstedt, was responsible for the preparation of all the legal documents and continues to contribute to the creation of transnational trade system of biogas certificate of origins in Estonia. 

The Raidla Ellex team was led by Counsel Triin Frosch.

Last modified onFriday, 17 June 2016 11:55
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