VTTI Unveils VIDA Bioenergy to Drive Growth in Europe’s Biomethane Market

VTTI Unveils VIDA Bioenergy to Drive Growth in Europe’s Biomethane Market

(IN BRIEF) VTTI has launched VIDA bioenergy, a fully owned subsidiary focused on producing renewable energy by converting biomass into biomethane, biogenic CO2, and organic fertilizer. Led by CEO Lars Boetje, VIDA bioenergy will operate independently from VTTI, enabling flexibility in meeting market demands. The company aims to support the decarbonisation of industries such as heavy transport and industrial heating. With the European biogas market set to expand significantly by 2030 and 2040, VIDA bioenergy is positioned to play a pivotal role in meeting Europe’s renewable energy goals, contributing to the EU’s Green Deal and its target of a climate-neutral continent by 2050.

(PRESS RELEASE) ROTTERDAM, 14-Jan-2025 — /EuropaWire/ — VTTI, a global leader in energy infrastructure, has announced the creation of VIDA bioenergy, a wholly owned subsidiary focused on the conversion of biomass into renewable energy. Headquartered in Rotterdam, VIDA bioenergy is set to become one of Europe’s key producers of biomethane, marking an important milestone in VTTI’s sustainability efforts.

Operating as an independent entity within the VTTI group, VIDA bioenergy will be led by CEO Lars Boetje, who will oversee the company’s ability to respond swiftly and flexibly to market demands. VIDA bioenergy’s primary focus will be on producing clean energy products, including biomethane, biogenic CO2, and organic fertilizer. These efforts are designed to contribute to the decarbonisation of various sectors, including buildings, heavy transport, and industrial heating.

Guy Moeyens, CEO of VTTI, expressed his enthusiasm for the launch, saying, “VIDA bioenergy marks a significant leap forward in our commitment to both sustainability and innovation. Through our focus on renewable natural gas, we are not only addressing the pressing need for cleaner energy solutions but also creating valuable opportunities for economic growth and job creation within the bioenergy sector.”

The European biogas market is experiencing rapid growth, with national energy and climate plans from EU member states projecting biomethane production to reach 14 bcm by 2030, with the potential to scale up to 40 bcm. By 2040, the EU could produce as much as 101 bcm of sustainable biomethane, fulfilling 30-40% of the continent’s gas demand. This expansion is aligned with the EU Green Deal, which aims to achieve climate neutrality by 2050. VIDA bioenergy is strategically positioned to play a leading role in this energy transition, leveraging its expertise and advantageous locations to drive forward renewable energy solutions.

For more details on VIDA bioenergy, visit www.vidabioenergy.com.

Media Contact:

Julie Lenzner
SVP Communications, VTTI
Email: jll@vtti.com

SOURCE: VTTI