EnviTec Biogas AG / Miscellaneous
18.04.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EnviTec Biogas takes own plant in Friedland into service:
Electricity and heat from a single source Energy with future
Lohne, April 18, 2008 EnviTec Biogas AG [ISIN: DE000A0MVLS8, WKN: A0MVLS]
is expanding its own plant operations. In the east German town of
Friedland, a 2.1 MW biogas plant was connected to the grid. The four 526 kW
modules were built in the course of only twelve months and have a
utilisation rate of over 95 percent today. EnviTec Biogas holds a share of
87.5 percent in the operating company. EnviTec expects to generate annual
sales of approx. EUR three million from the sale of the energy produced by
the plant as well as a positive effect on the EBIT margin. The investment
totalled EUR 7.4 million.
The new biogas plant is an ideal example of combined heat and power. The
bio-electricity produced by the plant is fed into the public grid by E.on.
In addition, a nearby district heat operator takes off 70 to 80 percent of
the heat produced in the electricity generation process and feeds it into
the regional grid. As a result, the heating costs of the population of
Friedland can be reduced.
'Biogas is the future of energy. We not only produce environmentally
friendly power but can also supply the people of Friedland with low-cost
district heat. What better way to show that biogas has a future in
Germany,' says Olaf von Lehmden, CEO of EnviTec Biogas. Biogas also has
advantages over biofuels.' Our plants use the complete crop and therefore
produce up to three times as much energy per hectare, which means that they
need much less land for cultivation than other forms of energies using
renewable resources.'
Due to the standardised modular construction of the EnviTec plants, the
deadline for construction and start-up was met. The first two modules were
ready in mid-2007, the other two were working at full load in Q1 2008. The
federal state of Mecklenburg-Vorpommern is a strategic location, as the
agricultural businesses in the surroundings supply all feedstock materials
for the biogas plant such as corn, grass and liquid manure through short
supply lines. By operating its own biogas plants, EnviTec Biogas generates
regular cash flows and steady margins.' This is why this business segment
is of strategic importance for our company and will be expanded further,'
says Olaf von Lehmden.
EnviTec Biogas AG covers the entire value chain for the production of
biogas - including the planning and turnkey construction of biogas plants
as well as their commissioning. The company provides the biological and
technical service and also offers the full plant and operating management.
In addition, EnviTec also operates its own biogas plants. In Penkun, in the
German state of Mecklenburg-Western Pomerania, EnviTec is currently
constructing what it believes to be the world's largest biogas park with an
electrical connected load of 20 megawatts. Today, EnviTec is represented in
more than 12 countries throughout Europe and as well in China and India. In
2007 EnviTec generated revenues of EUR 132 million and EBIT of EUR 18
million. The EnviTec Group has about 280 employees. Since July 2007 EnviTec
is listed on the Prime Standard segment of the Frankfurt Stock Exchange.
Investor Relations:
Joanna Rode
EnviTec Biogas AG
Tel: +49 44 42 80 65-118
E-Mail: ir@envitec-biogas.de
Press contact:
Fabian Lorenz, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50-56 /-31
E-Mail: f.lorenz@hoschke.de, g.pauli@hoschke.de
DGAP 18.04.2008
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Language: English
Issuer: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info@envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
End of News DGAP News-Service
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DGAP-News: EnviTec Biogas takes own plant in Friedland into service
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