St1 Biokraft is a joint venture between St1, HitecVision, and Aneo. This collaboration brings together strong expertise in energy transition, combining the strengths of each partner to create a leading biogas platform in the Nordics. Earlier this year, the joint venture acquired 100% ownership of Biokraft International AB, the leading producer of liquified biogas in the Nordic region. In September, it announced the closing of the acquisition of St1 Nordic Oy’s biogas assets.
St1 Biokraft operates the entire biogas value chain from feedstock sourcing to sales and distribution. In preparation for the launch of the new organization, the joint venture operated under the interim name 1Vision Biogas. The new organization is ready to start functioning as one company at the beginning of November, and the company’s new name will be St1 Biokraft AB.
The company aims to achieve 3 TWh biomethane production and 6 TWh biomethane sales by 2030, targeting heavy transportation, maritime, and industrial applications. To achieve its goals, St1 Biokraft is committed to investing more than EUR 1 billion in biogas production and distribution networks in the Nordic countries.
St1 Biokraft has a strong upstream asset base with 12 biogas production and upgrading plants in Sweden and Norway and a logistics company. It also has a network of compressed and liquified biogas stations together with bus depot refuelling points. The current production capacity of St1 Biokraft is over 550 GWh, and the combined sales of biomethane are approximately 1 TWh. St1 Biokraft owns 50% of the shares in Suomen Lantakaasu Oy and supports its goal to produce 1 TWh of liquefied biogas by 2030 in Finland.
In addition, St1 Biokraft has several biogas growth projects in Sweden, Norway, and Finland.
St1's strong sales organization and network will continue the distribution of St1 Biokraft’s products. In Sweden, St1 is already a leading biogas provider for the traffic segment.
