RIKA BIOFUEL DEVELOPMENTS
Biogas Plant Developers
According to NGVA The EU production of BioLNG is set to increase tenfold by 2030. EU LNG heavy-duty transport is expected to reach 280.000 units in the same period.
Rika Biofuel Developments (RBD) is developing a pipeline of large volume manure and agri-waste biogas projects in the UK and Europe primarily to take advantage of this trend. Rika has identified key target markets where conditions enable the development of large scale biogas projects that produce attractive returns.
The Rika model is to work with specialist green infrastructure funds and other investors to source, finance and develop biogas projects. We also, where possible, like to work with local development partners to identify suitable sites with access to sustainable waste streams. We take projects through to planning and permitting and arrange financing. Based on our experience of operating for more than ten years in the biogas sector Rika is well placed to advise funders on the key risks of biogas projects from legal, financial and technical aspects. We always ensure from the outset that a project has secure feedstock and off-take contracts as well as proven, bankable contractors for project construction and O&M provision.
The market for biogas is developing fast and the old constraints around grid connections for either electricity or gas don’t always apply. Therein lies new opportunity for the sector.
If you have a green gas project in the UK or Europe and you are looking for either a development partner or project financing please get in touch via our contact form.
Rika is developing a large biogas plant in Lincolnshire that will produce 5000 tonnes per year of liquid biomethane, to be used as a heavy goods vehicle fuel. Because of the innovative nature of the project we were able to win a capital grant of £5m from the Department for Transport under their Future Fuels for Flight and Freight F4C competition
Rika is working with a developer in Greece to finance and build a 3MWe AD plant near Larissa as well as to extend a second plant from 1.5MWe to 2.3MWE on the Thessaly plain. Construction on the 3MWe plant is due to commence in April 2021.