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Joint Venture Between Orizon and Compass for a Sustainable Energy Transition with Biomethane
The Orizon Group, one of the leading biogas producers in the country, announced a strategic partnership with Compass for the production of biomethane, marking an important step towards the expansion of renewable energy generation in Brazil.
The new joint venture between the Orizon Group and Compass focuses on the purification of biogas generated at the Ecopark in Paulínia, in São Paulo, transforming it into biomethane, a highly valued renewable fuel for its environmental credentials. According to PetroNotícias, this biomethane project is the largest in Brazil, significantly contributing to the country’s energy transition.
Significant Investments for a Sustainable Future
Compass is investing up to R$ 355 million in this endeavor, acquiring 51% of the joint venture. Of this amount, R$ 235 million will be invested initially, with R$ 100 million allocated for the creation of the joint venture and R$ 135 million in a secondary phase for the Orizon Group. Additionally, there is an extra investment of R$ 120 million contingent on delivering a larger volume of biogas. The agreement establishes a biogas sales contract valid for 20 years.
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The CEO of the Orizon Group, Milton Pilão, highlighted the company’s vital role in accelerating the energy transition agenda in Brazil. Through collaboration with strategic partners like Compass, the Orizon Group is working to reduce greenhouse gas emissions and contribute to a more sustainable economy. He emphasized Compass’ expertise in the marketing and distribution of natural gas, which complements the Orizon Group’s experience in biogas generation.
Biomethane Production at the Ecopark Has Initial Investments Estimated at R$ 450 Million
The project is centered at the Ecopark in Paulínia, where biomethane will be produced from the biogas generated. The initial capacity is around 180 thousand m3/day, with potential to reach 300 thousand m3/day. The production of biomethane from the biogas at the Ecopark has initial investments estimated at up to R$ 450 million, reflecting the Orizon Group’s commitment to renewable energy expansion.
Commitment to the Transition and Energy Security of the Country
With this partnership, the Orizon Group reaffirms its commitment to sustainability and the energy transition in Brazil. Through the production of biomethane from waste, the Orizon Group not only reduces greenhouse gas emissions but also contributes to the country’s energy security by producing a renewable fuel locally.
At a time when the search for clean and renewable energy sources is more important than ever, this joint venture between the Orizon Group and Compass marks a significant step towards a more sustainable and resilient future for the energy sector in Brazil.
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