BIOSTROM Energy Group AG, a 75.1% subsidiary of BKN BioKraftstoff Nord AG (German Securities Code (WKN) A0LD4M, ISIN DE000A0LD4M4) has acquired a further key order in the biogas segment.It has concluded an advance agreement with the city of Potsdam to construct ten biogas plants and two CarboCompact plants with a total volume of EUR 26 million. According to this agreement, the modular plants, with output of 10 x 500 KW will be constructed from the middle of 2008 in Energiepark Linthe (near Potsdam). The gas produced in the ten biogas plants will be of natural gas quality and will then be fed into the national gas grid. BIOSTROM Energy Group AG is currently constructing 17 plants with total output of 8.5 MW.
Ulrich Wogart, BKN BioKraftstoff Nord AG's CEO, is very pleased with this prospective project: "This order will further accelerate BKN BioKrafstoff Nord AG's growth in the coming year." This project will allow the company use energy highly effectively and to meet the current
demands for more effective use of co-generation. This disclosure is not a public offer.
Company Profile
BKN BioKraftstoff Nord AG has specialized in project development for biogas plants and the production of biodiesel. Thanks to BIOSTROM Energy Group AG and its operating subsidiaries, which BKN successfully acquired in April, BKN now operates successfully on the market for biogas plants as a prime contractor, covering the entire value chain: The company has far-reaching expertise from maintaining competitiveness standards for plant locations to project planning, permit acquisition, construction and operation of biogas plants as well as the efficient control of the plants. Biological process control for biogas plants, supported by BIOSTROM’s know-how, is one of its particular assets. BKN's subsidiary BioDiesel Bokel GmbH, which stemmed from an agricultural distillery cooperative, currently has capacity to produce around 50,000 t/year of biodiesel. The company has already substantially increased its revenues and earnings over the past few years.
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