PATRIZIA Infrastructure, on behalf of its clients, has invested cEUR75 million in acquiring an 80 per cent stake in bio-LNG producer Biomet, marking the first investment for PATRIZIA’s recently acquired infrastructure business.
PATRIZIA Infrastructure, on behalf of its clients, has invested cEUR75 million in acquiring an 8o per cent stake in bio-LNG producer Biomet, marking the first investment for PATRIZIA’s recently acquired infrastructure business.
Biomet will be Europe’s largest plant producing biomethane LNG from natural waste and will be Italy’s first facility that is directly connected to the SNAM national transport gas grids, with an onsite filling station.
The transaction represents PATRIZIA Infrastructure’s second investment in Italy on behalf of its investors and funds, continuing its long history of successfully partnering with regional infrastructure champions
The deal comprises the equity stake and a committed capex programme.
PATRIZIA Infrastructure has invested in Biomet at a late-stage of construction, with the liquefaction facility expected to be commercially operational for summer 2022, the biogas plant for December 2022, and the four biomethane upgrading plants by 2024.
