French energy major TotalEnergies has acquired a 20% stake in Ductor, a Finnish start-up operating in the field of biomethane production.
Ductor has developed a new technology to process organic waste with high-nitrogen content as it is difficult to use for the production of biomethane.
The financial terms of the transaction were not disclosed.
Under the alliance with Ductor, TotalEnergies will develop and invest in multiple biomethane production initiatives in the US and Europe.
Currently, the Finland-based company has a portfolio of around 15–20 projects, including some in advanced stages.
As part of the agreement, TotalEnergies will handle the marketing of biomethane production, while Ductor will oversee the production of sustainable biofertilisers.
TotalEnergies vice-president for biogas Olivier Guerrini said: “We are pleased to partner with Ductor, a start-up with an innovative pre-treatment technology that will enable us to develop new biomethane production projects, using organic waste that is currently not, or only slightly, reused.”
Ductor CEO Bernard Fenner said: “The partnership with TotalEnergies will allow us to move forward faster and rapidly develop our project portfolio.
“Ductor’s solution for repurposing high-grade organic residues into renewable energy and sustainable fertiliser is part of the answer.”
Separately, the oil and gas company said that it is collaborating with Colorado State University to create a global standard for measuring and reducing methane emissions associated with its operations.
Specifically, they will work together to establish protocols that certify the precision, detection limits and operational parameters of methane measurement methods.
In addition, they will develop a technique for estimating yearly methane measurements based on individual point measurements.