Heygaz Biomethane to acquire Ireland's leading biogas and biomethane producer
Heygaz Biomethane (Heygaz) reached an agreement this week to purchase the leading Irish biogas and biomethane producer, Ormonde Organics (Ormonde). The Ormonde Organics management team will remain at the helm. They will join the Heygaz executive team and will continue to have an equity participation in the business. The transaction is subject to customary clearance from the competent Irish authorities.
Ormonde Organics operates two anaerobic digestion plants at Portlaw, County Waterford and Youghal, County Cork in the South of Ireland with a total production capacity of 60 GWh annually. Full planning permission has been secured for a third facility which is expected to become operational at the end of 2025. Currently, most of the biogas produced by those plants is used to generate renewable electricity. A small portion of the biogas is upgraded to biomethane delivered as bio CNG (compressed natural gas). Ormonde is developing, in conjunction with GNI (Gas Network Ireland), a facility to inject biomethane directly into Ireland’s national gas grid from its Portlaw site, which will allow the commercialisation of biomethane within the integrated EU market. Ormonde plans to increase biomethane production and to promote its use in transport and industrial applications thus enabling decarbonisation and improving security of supply.
Ireland has a first-class opportunity to develop a scaled biomethane industry as a result of its abundant, sustainable agricultural feedstocks. This potential aligns with the Government of Ireland's recent commitment to increase biomethane production from 75 GWh to 6 TWh by 2030.
With the addition of Ormonde Organics, Heygaz is entering the Irish market in a leadership role and will leverage the asset´s strong technical and professional skill base to pursue the further development of new biomethane production projects in the country. Heygaz plans to continue its strategy to build and consolidate a European network of biomethane production plants across a selected number of high-growth potential markets through both greenfield and brownfield development opportunities.
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