The Hungarian oil and gas company Mol has signed an agreement with BayWa AG to acquire the Szarvas Biogas Plant. The facility uses organic waste to generate electricity and heat through cogeneration with a peak electrical capacity of about 4 megawatts.
The plant processes more than 40,000 tons of waste from meat production in the region annually, as well as another 53,000 tons of residual waste, such as manure and slurry from neighbouring livestock and meat processing farms. In addition, about 18,000 tons of agricultural substrates are used as feedstock in the plant. With more than 12.5 million cubic meters, the plant has one of the largest biogas production capacities in the Central and Eastern European region.
The Mol Group is committed to expand its biofuel portfolio to contribute to the targets of the European Union’s Renewable Energy Directive. This acquisition is also in line with the REPowerEU Action Plan, which has set a high target for biogas and methane production to increase the overall energy independence.