ATH Bioenergy

Sector

Biogas/Biomethane

Investment date

2023

Situation

In portfolio

Contact

info@sumacapital.com

In detail

Platform to develop four biomethane generation projects in the Canary Islands. The first plant will be built in Gran Canaria, followed by plants in Tenerife, Fuerteventura and Lanzarote. The plants will manage 128,000 tonnes of organic waste per year with the capacity to generate more than 9,000 tonnes of biomethane (equivalent to 134GWh/year) and 6,760 tonnes of fertiliser.

ATH Bioenergy positions itself as a circular solution for the efficient management of organic waste, especially from the hotel industry, transforming it into biomethane and fertiliser, and supplying it back to hotels and industrial consumers.

ATH Bioenergy is a joint venture between Suma Capital and Tibanna AG, a Swiss company that develops projects aimed at energy transition in remote territories around the world characterised by strong tourism activity.

Impact

What

The main advantages of biogas are its potential to decarbonize the demand for fossil fuels, which is usually linked to thermal uses in industry and is difficult to decarbonize with other renewable sources. By transforming organic waste from the hotel industry into biomethane and distributing it back to hotels and industrial consumers, ATH Bioenergy establishes a circular economy platform, managing organic waste and reducing dependence on imported propane in the Canary Islands hotel sector. Additionally, biofertilizers derived from the biogas generation process are also distributed to local farmers, providing a sustainable solution for chemical-free agricultural soil.

Core SDGs

Risks

The management of waste needed for biogas production may compromise the viability of projects, while the lack of adequate natural gas infrastructure could reduce the interest of industrial consumers in sourcing renewable gas.

Zero Waste Energy

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Valorisations Agropecurias

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SC Renewable Gases

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Quimera Esco

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Grupo Gestcompost

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Fenice Assets

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Efficiency & Environment Infrastructures II

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Cactus Energy Solutions

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Blueriver

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Biomethane Initiatives

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ADEC Global

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