BSOG Energy, an energy company focused on developing biomethane production plants across Romania owned by Black Sea Oil & Gas, and Unigrains Trading, a company that manages approx. 3,300 hectares of cereal farming land in Constanta County and one of the main seed producers in the southern part of Romania, announce the signing of a cooperation agreement for a combined biomethane and biofertilizer production facility. The facility aims to produce 57 MW of biomethane and over 250,000 tons of organic fertilizers per annum.
Under the co-operation agreement, Unigrains will provide the raw feedstock waste material for the production plant and will hold and manage the rights of the resulting fertilizers to the wholesale and retail markets.
BSOG Energy will be responsible for building, owning and operating the plant and managing the biomethane production.
The overall investment in the facility is estimated to exceed 65 million euros, while project execution is expected to complete in approximately 2 years.
This is the second biomethane plant by BSOG Energy for Romania, said Mark Beacom, Managing Director, BSOG Energy. “The cooperation with Unigrains is anticipated to provide BSOG Energy with another 57 MW of biomethane production. In removing organic waste from the environment and simultaneously developing green gas to displace natural gas and organic fertilizers to replace chemical fertilizers, we trust this project has the potential to significantly contribute to the energy sustainability of Romania.”
BSOG Energy’s official reminded that “the realization of this project requires a supportive regulatory framework, and we look forward to working together with the relevant authorities towards a shared goal of establishing large-scale biomethane developments in the country”.
Black Sea Oil & Gas’ shareholders, global investment firm Carlyle, and the European Bank for Reconstruction and Development, are fully supportive of this new venture.
“BSOG Energy’s proposal marks the peak of our agricultural strategy”, Theodor Ichim, CEO of Unigrains Trading and President of The Forum of Professional Farmers and Processors of Romania (FAPPR) said. “In partnership with BSOG Energy, we look forward to providing a sustainable alternative, integrating our products with traditional technology, to produce high quality organic fertilizers and, ultimately, clean food.
Experts from both Romania and abroad are developing advanced organic formulas derived from the digestion of organic waste, ensuring they contain essential nutrients for plant growth. Furthermore, we aim to enhance our products with organic cultures, Theodor Achim also said. “The partnership with BSOG Energy, Romania’s biomethane pioneer, serves as a solid foundation for the success of our joint project. I consider this project a true sanitation of Romania’s agriculture, eliminating efficiently agricultural waste, while also acting as a driving force for the growth of the circular economy.”
About BSOG Energy SRL
BSOG Energy is a Romanian energy company targeting the development of green energy projects, with an initial focus on developing biomethane production sites across the country. BSOG Energy is 100% owned by Black Sea Oil & Gas SA, the developer and majority owner of the Midia Gas Development (MGD) Project, the first new offshore gas infrastructure and production project in the Romanian Black Sea in over 30 years, covering 12% of Romania’s gas needs.