Nordsol, a Bunnik, Netherlands-based BioLNG production and technology company, received a minority investment from Shell Ventures.
The amount of the deal was not disclosed.
Nordsol uses biogas from organic waste streams to produce BioLNG, or liquified biomethane, a cost competitive solution for the long-haul, heavy duty transport sector with a pathway to net zero emissions.
The company’s business concept combines its smart and patented BioLNG technology with long term BioLNG offtake agreements with key LNG traders, offering a new and solid monetization route for biogas producers.
The investment will allow Nordsol to expand from technology company into the full business concept of building, owning, operating and maintaining BioLNG plants together with biogas production partners.
Shell Ventures is the corporate venture capital arm of Royal Dutch Shell plc, covering the full energy spectrum from O&G to renewable energy technologies and digital solutions. It co-invests with other corporate investors and venture capital funds in both early stage and late stage (growth capital) companies, generally investing $2M-$20M over the life cycle of the deal.