What is the goal of the investment?
To improve the use of biomethane, a renewable energy source obtained from agricultural biomass (i.e., dedicated crops, agricultural and organic waste) or agro-industrial biomass (i.e., waste from food supply chain production). The goal is to improve biomethane production by 2.3-2.5 billion cubic meters, which would allow a reduction in the use of greenhouse gases by 80 percent or more.
The development of biomethane, obtained by maximizing energy recovery from organic residues, is strategic for enhancing a circular economy based on reuse, and is a major element for the achievement of European de-carbonisation targets. If transported in the gas grid, biomethane can contribute to reaching 2030 targets with an overall reduction in greenhouse gases of between 80 to 85% compared to the life cycle of fossil methane. Several lines of action are envisaged:
• convert already existing agricultural biogas plants to biomethane production for industry, transportation and heating;
• financially support the construction of new facilities;
• disseminate ecological practices in the production phase of biogas (minimum soil use for processing sites, innovative low-emission systems for the distribution of the processed product) to reduce the use of synthetic fertilizers and increase the supply of organic material in the soil;
• promote the replacement of at least 300 inefficient and dated tractors with vehicles fuelled by methane/biomethane and equipped with precision farming tools.
Reducing greenhouse gases and recovering organic waste that would otherwise go unused
More efficient, effective and ecological companies
More work for companies working in the area of plant conversion