Terms
- Announced
- 8 Jul 2025
- Instrument
- Debt
- Amount
- US$32.1mReported as EUR 27.5 million (DKK 205 million), converted at 1.1676 USD/EUR
- Source
- nib.int
Parties
- Project developer
- BioCirc Group
- Country
- Denmark
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Nordic Investment Bank Lender US$32.1m Sole provider: the whole transaction InvestEU (European Commission) Guarantor Not credited Credit support, not a provider of capital
Carbon
- Pathway
- BECCS
- Backed by offtakes from
What happened
- Nordic Investment Bank signed a 9-year EUR 27.5 million (DKK 205 million) loan to co-finance BioCirc Group's CO2 liquefaction and transport investments at five of its eight Danish biogas plants. The loan is supported by the InvestEU programme and is NIB's first project-financed CCS loan.
Kumo note
- - NIB's first project-financed carbon capture and storage loan, backed by an InvestEU guarantee. - Expected to enable removal of at least 130,000 tonnes of CO2 per year from 2026.
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