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Pontes Budapest Advises BayWa AG on Sale of Szarvas Biogas Power Plant to MOL

Pontes Budapest Advises BayWa AG on Sale of Szarvas Biogas Power Plant to MOL

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Pontes Budapest has advised BayWa AG on the sale of its Aufwind Schmack Elso Biogaz Szolgaltato subsidiary operating the Szarvas biogas power plant to Hungary's MOL Group.

The BayWa Group is a Munich-based company that operates in 14 countries in the agriculture, building materials, and energy sectors.

"The acquisition of the power plant – having one of the most significant production capacities in the CEE region – fits into MOL’s new sustainability strategy," Pontes reported, with the company's primary goal to further expand its sustainability portfolio and accelerate the green energy transition. The power plant is located in an area where MOL is active in research and production activities.

The waste processing facility uses organic waste to generate electricity and heat, with a peak electricity capacity of 4 megawatts. The plant processes more than 40,000 tons of waste from the region's meat production and another 53,000 tons of residual waste from neighboring livestock and meat processing farms annually. In addition, about 18,000 tons of agricultural substrate are used as raw material for the plant, which produces more than 12.5 million cubic meters of biogas.

"The purchase of the Szarvas Biogas plant is a great opportunity for us, since in addition to being able to take advantage of valuable synergies within the company, we can also support the EU's energy independence efforts," MOL Group Director of Downstream New and Sustainable Businesses Adam Horvath commented. "With the acquisition, we contribute to the implementation of the REPowerEU action plan, which treats biogas and methane production as a priority area."

Pontes Budapest did not respond to our inquiry on the matter.

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