Biofrigas (BIOF) Stora Aktiedagarna 2026 summary

Market trends and structural changes

• Demand is shifting from compressed biogas (CBG) to liquefied biogas (LBG), driven by electrification of lighter transport segments and increased climate requirements for agriculture.

• Heavy transport, shipping, and industry are driving a strong upward trend in LBG demand, with a significant supply deficit projected by 2030.

• Conversion of existing CBG plants to LBG is seen as the fastest way to meet growing demand, as new large-scale plants have long lead times.

• Only 2% of livestock farms are currently connected to biogas plants, indicating substantial growth potential.

• Similar structural changes and opportunities exist in neighboring Nordic countries.

Technology and product positioning

• The company offers a patented CryoSep platform for upgrading and liquefying biogas, targeting plants of 5–30 GWh, with containerized, easy-to-install solutions.

• The process is energy efficient, combining CO₂ removal and liquefaction in a single step, making it competitive with larger-scale technologies.

• The technology produces liquid green CO₂ as a byproduct, a market expected to grow with CCS/CCU trends.

• The company is currently the only provider in the smallest plant segment and faces limited competition in slightly larger segments.

• The first commercial installation is operational, marking a transition from development to commercialization.

Business development and partnerships

• A new partnership with Sasejo Biogas enables aggregation and efficient trading of small-scale biogas volumes, leveraging the company's liquefaction technology.

• The sales process involves customer support for investment grants (Klimatklivet) and permitting, with contracts typically finalized after grant approval.

• The company is open to further partnerships that fit its business model and supply chain.

• Demonstration of the first plant has generated significant media and industry interest, supporting customer acquisition.

• The company is actively engaging with new agricultural customers and has signed new letters of intent.