AD company Biogen acquired by Ancala Bioenergy
Biogen’s portfolio of UK anaerobic digestion (AD) plants has been bought by Ancala Bioenergy today (18 April), after it confirmed the acquisition of the company from joint venture partners Bedfordia Group and Kier Group.
Biogen owns and operates seven anaerobic digestion plants in England and Wales, sourcing food waste from supermarkets, the hospitality industry, food manufacturers and local authorities across the UK to process around a quarter of a million tonnes each year.
Ancala Bioenergy is an ‘infrastructure investment vehicle’ managed by Ancala Partners LLP. Spence Clunie, Managing Partner of the parent group commented: “Biogen is well known in the industry as one of the leading owners and operators of anaerobic digestion plants. The team has over ten years of experience in the sector and their operational excellence and commercial reach provide Ancala with an established platform from which to expand in the sector.”
The seven plants are located in Bedford, Rushden, Baldock and Atherstone in England and Aberdare, St Asaph and Caernarfon in Wales. Biogen’s plants have an installed generation capacity of approximately 13 megawatts, producing enough energy, the company says, to power 25,000 homes. The AD facilities also produce PAS 110-certified biofertiliser.
The company’s plants benefit from a combination of index linked Renewables Obligation Certificate, Feed-in-Tariffs and Renewable Heat Incentive subsidies.
Adam Feneley was named as Managing Director of Biogen last week (13 April) and, commenting on the move, added: “The acquisition is another exciting milestone in Biogen’s history which further enhances the company’s reputation as the number one food waste to renewable energy company in the UK. The investment is excellent news for Biogen and marks the next stage of growth for the business.”
Biogen (UK) Ltd was formed in 2005 following investment from Bedfordia Group, which works across the agriculture, eco-technology and property sectors. In 2008 the company acquired Greenfinch, one of the UK’s leading anaerobic digestion process engineering companies and in 2012 received over £24-million of investment from services company Kier, which then became 50/50 joint venture partners alongside Bedfordia.
Following the announcement of the sale for an ‘undisclosed sum’, John Ibbett, Chairman, Bedfordia Group, said: “I am immensely proud of all Biogen has accomplished in its 11 years, of the market-leading business we have built and of the team of people who have made it possible. Biogen has always led the way for others to follow in the AD industry and I have every confidence that the new shareholders will enable Biogen to continue in its success.”
More information about Biogen can be found on the company’s website.