Copenhagen-based circular bioeconomic company, BioCirc, has raised €40.2M in an internal fundraising round to support its projects worth €134M by 2025.
BioCirc plans to expand the Vinkel Biogas plant in Skive to become the world's largest biogas plant and establish a 55-hectare solar park around the facility for renewable electricity.
The company will construct five carbon capture plants in different locations to capture approximately 1 million tons of CO2 and contribute to municipal climate targets.
Founded in 2021, BioCirc aims to displace the use of fossil energy locally and owns and operates eight biogas plants in Denmark.