The company is contemplating an investment of 100 million for the construction of four production plants

Suma Capital has acquired 80% of the share capital of ATH Bioenergy, a company focused on the production and commercialization of biomethane. This is a pioneering initiative aimed at transforming the energy and waste recovery landscape in the Canary Islands towards a more sustainable and competitive future. The remaining 20% of the capital will remain in the hands of the promoter, the Swiss company Tibanna AG.

ATH Bioenergy aims to build four biomethane and fertilizer production plants with an investment of approximately 100 million euros. The construction schedule, which will start in stages in the summer of 2024, will cover the Gran Canaria plant in Puerto de Arinaga, followed by facilities in Tenerife, Fuerteventura and finally Lanzarote.
The innovative essence of ATH Bioenergy lies in its revolutionary approach to the management and valorization of organic waste, including hotel and supermarket waste, pruning waste and organic matter. These materials will be transformed into biogas and biomethane, reintegrated into hotels and marketed to other industries committed to decarbonizing their energy consumption.

The innovative essence of ATH Bioenergy lies in its revolutionary approach to the management and valorization of organic waste, including hotel and supermarket waste, pruning residues and organic matter. These materials will be transformed into biogas and biomethane, reintegrated into hotels and marketed to other industries committed to decarbonizing their energy consumption.

This circular model will provide the Canary Islands with a green and indigenous alternative to the import of fossil fuels, specifically LPG, currently the main energy consumption in the archipelago. In addition, ATH Bioenergy will address the current challenge of waste management in the islands, playing a key role in the treatment and valorization of organic waste, and thus contributing to the reduction of landfills. The plants will process approximately 120,000 tons of organic waste, mostly from hotel chains with which letters of intent for collection and management have already been signed.

In the words of Ruperto Unzué, partner of SC Infra at Suma Capital, “We are thrilled to be able to count on a first class team, which brings a deep knowledge of the sector and the energy and waste market in the islands”. This is a revolutionary and ambitious project that reflects the concepts of circularity and decarbonization like few others,” he adds.

In addition to the production and commercialization of biomethane, ATH Bioenergy will participate in the organic fertilizer market, providing solutions to farmers, especially banana producers in the Canary Islands.

The investment in ATH Bioenergy becomes the fifth operation of the sustainable infrastructure fund managed by Suma Capital, the SC Climate Impact Fund III, following the operations in Adec Global (slag valorization and aggregates treatment), Zamora Eco Energías (renewable heat networks), Biometano Montes de Toledo (biomethane and compost production) and the Italian CH4T (transformation of biogas plants). This fund, classified as Article 9 under the SFDR regulation, has a size of €300 million and focuses on investing in companies or projects that drive the fight against climate change, promoting energy transition and circular economy in Europe.

The transaction has been advised on the seller’s side by Alantra and Andersen Legal, and on the buyer’s side by KPMG, Arup and Baker McKenzie.

This operation benefits from support from the European Union under the investEU Fund