EB asset manager bets on biogas with Bioo
Asset management company EB Capital is leading a R$600 million investment in a new waste management and biogas production company. The newcomer, Bioo, will receive R$300 million from EB’s equity fund and a co-investor, and the other half will be financed - the company is already in talks with commercial and development banks.Bioo is a partnership with Sebigas Cótica, a company that already has the background and technical experience for this type of project and was born with the development of three plants. Sebigas helps energy company Raízen, for example, in the development of biogas plants from vinasse — both as a service provider and, this time, also as a shareholder.The investments will be made in cycles until the end of 2025. Only in the first plant, Bioo will have the capacity to treat more than 600 tonnes/day of residues, with daily production of 30,000 cubic meters of biomethane, 40 tonnes of carbon dioxide from food, and 120 tonnes of fertilizer.EB partner Pedro Parente said that the double "o" in the company’s name alludes to the symbol of infinity, a reference to the circularity of the business. "There are already large biogas production plants in operation and under construction that use agricultural waste, such as vinasse, or waste from landfills. We will pioneer the treatment of industrial waste, which is a big problem for companies and the environment today," Mr. Parente told Pipeline, Valor’s business website. "For example, animal protein companies like BRF, which I know well and where I was chairman, JBS, and Aurora produce a large amount of residue."Today, these companies pay landfills to dispose of this waste, charging more than R$90 per tonne, the executive points out, while still being responsible from a regulatory point of view for any impact of this waste. Bioo estimates that it can charge 30% less per tonne because it can make the difference at the end of the chain, with the generation of gas. "For the company that sells the residue, it is an impact directly into the EBITDA," Mr. Parente said.This material is converted into biomethane, which the company can inject directly into gas pipelines or sell to companies that already consume natural gas, and also into food-grade carbon dioxide gas, which is used in the gasification of soft drinks and water and the welding industry.The first waste treatment and gas production plant will be in Triunfo, Rio Grande do Sul, which is in the licensing phase for installation. "It is...
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