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Vibra Energia buys 50% of ZEG Biogás

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Vibra Energia intends to achieve the commercialization of its first million cubic meters of biomethane in three years, reaching the mark of 2 million m³/day in the next five years, with the acquisition of 50% of ZEG Biogas. This volume corresponds to 20% of the potential for biomethane production - obtained by purifying biogas - from vinasse, a residue from ethanol production. The expansion of supply aims to meet an avid demand for green products.The other 50% stake will remain with FFL and ZEG. With the contract signed on Friday, Vibra will disburse R$129.5 million to ZEG Biogas shareholders and will inject R$30 million directly into the company’s cash flow, in addition to the commitment to invest R$412 million for the development of new projects that are in the pipeline, according to the eventual capital needs.The two companies intend to develop at least seven ZEG Biogas projects, one of them about to start commercial operation in the coming months, in São José dos Campos (São Paulo) - and which already has 100% of its biomethane sold. Four other projects are being negotiated with sugar and alcohol groups, using vinasse, and two other plants are under negotiations with landfill companies.According to Marcelo Bragança, Vibra’s deputy chief operations officer, the companies are already talking to clients who are waiting for these new projects. The implementation deadlines can range from 12 to 24 months, depending on the origin of the product (whether from landfills or agribusiness waste). In addition to vinasse, there are already evaluations for projects that use the waste from the production of orange juice and palm residues."It is an infrastructure project that demands capex, time, and patience," said Mr. Bragança. "We have our feet on the ground, but we think we are going to move very fast," added Daniel Rossi, board member at ZEG Biogas. Resources to get the projects up and running, whether own capital or capital market capital, are not a bottleneck, say the executives.Besides logistical and operational challenges, the biggest one, says Mr. Rossi, with ZEG Biogas, is knowledge about the product, which still requires demystification - something expected as the plants start commercial operation. The executive foresees a biomethane contracting boom by next year, which will...

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