Shell Ventures, the corporate venture capital arm of Royal Dutch Shell PLC, has come on board as a strategic investor in bio-LNG production and technology company Nordsol, based in The Netherlands.
Nordsol uses biogas from organic waste streams to produce bio-LNG, or liquefied biomethane. The product is designed to be a fuel for the long-haul, heavy-duty transportation sector.
The company says the Shell Ventures minority investment will help fund its expansion from technology company into the full business concept of building, owning, operating and maintaining bio-LNG plants together with biogas production partners.
“The Nordsol/Shell partnership offers a unique end-to-end bio-LNG solution for biogas producers,” says Mattijs Slee, Shell Ventures’s investment principal. “The Shell Ventures investment will help to scale the technology and build a material business with impact. Nordsol and Shell want to play a leading role towards a zero-emission transport market, and this partnership could provide a breakthrough solution.”
Nordsol’s proprietary technology, branded as iLNG, simplifies conventional production methods into a less complex process, making at-scale production of biogas economically viable, the company says.
