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Last Week, Orizon Announced the Creation of a New Renewable Energy Company, Which Will Be Responsible for Power Generation and/or Biogas Projects. The Decision Came After a Quarter That Registered Adjusted Ebitda of R$71.2 Million, Marking a 86% Growth Over the Same Period Last Year.
BioE, the new renewable energy company, Emerges with Two Operational Assets – Biogas Paulínia and Paulínia Verde UTE – Located in the Ecoparque Paulínia, in São Paulo. The Company Has a Pipeline of 10 New Plants and Investments Exceeding R$1.2 Billion in the Coming Years.
Furthermore, the Expectation is That the New Renewable Energy Company Will Generate an Additional Ebitda of R$550 Million Annually, Once the Plants Reach Maturity.
The New Company Will Be Off Taker of the Biogas from the Ecoparks, Advancing in the Productive Chain of the Industry, Including Biogas Processing for the Generation of Biometano, Renewable Natural Gas Obtained by Purifying Biogas, Which Ensures the Replacement of Fossil Origin Natural Gas, Such as Liquefied Petroleum Gas and Diesel.
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Seeking to Be Part of the Country’s Urban Sustainability Agenda, Orizon Affirms That BioE Will Help Brazil Achieve an Even More Renewable and Diverse Energy Matrix.
In This Sense, Milton Pilão, CEO of Orizon, Highlighted: “There is Currently a Demand from Major Players for Replacing Their Matrix with Renewable Natural Gas. The International Market is Booming, and Our Commitment is to Present Sustainable Solutions to Society. This is a Huge Step Towards a Low Carbon Economy, Contributing to Emission Reductions in the Atmosphere and, Consequently, Supporting the Transition of the Brazilian Energy Matrix”
BioE Will Have Significant Investments by the End of the Year
The Official Announcement of BioE’s Launch, Along with the Disclosure of 3Q22 Results, Indicates the Company’s Interest, Which Has Other Growth Vectors, Such as the Creation of Three New Landfills.
In Summary, They Have a Project for Reusing Sanitation Sludge and Maximizing Returns on Recycling Investments, in Addition to Carbon Credits and Biogas Generation, Especially in Ecoparks That Do Not Yet Have These Additional Benefits.
In the 3Q22 Results, OrizonVT Consolidated a 97% Growth in Net Operating Revenue Compared to 3Q21, Marking R$197.2 Million. When Comparing to the Period Between January and September, Net Revenue Reached a 60% Increase, Marking R$446 Million.
These Optimistic Results are Justified Particularly by Acquisitions and Active Flights. Furthermore, the Expansion of Operations Directly Impacted the Company’s Business Lines.
Thus, Pilão Points Out: “We Achieved Significant Efficiency Improvements in the Acquired Assets. For Example, a New Leachate Treatment Station in the Northeast Reduced Treatment Costs by 50%, Which Should Have a Significant Impact on Our Total Operating Cost in the Next Quarter.
In Addition, He Concludes by Mentioning That: “We are Also Standardizing All Operations in the Supply Center to Reduce Raw Material Costs. Furthermore, We are Installing Biogas Capture Plants in All New Assets (We Have Already Managed to Monetize 40% of the Biogas from the Paulínia Ecopark), Which Should Multiply Cash Generation from the Assets”.
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