Kanadevia Inova invests in Dutch biomethane market through Iona Capital

In Switzerland, Kanadevia Inova announces its first investment in the Dutch biomethane market, made through its recently acquired subsidiary, Iona Capital. The deal sees Iona take a majority stake in Groengas Cothen B.V, a 100GWh per annum biomethane facility in the central Wijk bij Duurstede municipality, and paves the way for the development of further assets through the plant’s hitherto owner, BioValue B.V., across the Netherlands and wider Benelux region.

BioValue is a leading developer, owner, constructor and operator of anaerobic digesters in the Netherlands. Founded by Ids Schaap, it has a portfolio of four operational plants and a significant pipeline of assets in construction and development phase. The deal with Iona provides a framework for investment in BioValue and its development assets.

Iona and Kanadevia Inova’s backing of BioValue is underpinned by the investment in the Cothen facility, which is the latest plant in commissioning in the BioValue portfolio. The plant will be fed on manures and residues, and has an output capacity of 100GWh per annum with planned biogenic CO2 capture.

Last month Kanadevia Inova acquired Iona Capital and 11 Iona-managed biogas assets, with a view to increasing biogas and biomethane production in Europe and North America. The acquisition of Cothen is a major step forward in this strategy.