Biokraftstoff Nord AG: Biogas subsidiary Biostrom acquires largest order in company

- Cooperation contract with Berlin-based fund company signed
- Order confirms forecasts for fiscal year 2007/2008 and opens up additional revenue and earnings potential for the future


Sprakensehl-Bokel - BKN Biokraftstoff Nord AG, a financial and investment holding for regenerative energy sources, has won a major order for the planning, development and construction of Biogas plants through its Biogas subsidiary BIOSTROM valued at over EUR 75 m. In addition, the biological process control as well as the technical maintenance will also be rendered through a BIOSTROM subsidiary for all locations in the future. The realisation of the project is to begin immediately and will be concluded by the beginning of 2009. The Managing Board at the same time is confirming the revenue and earnings forecast for the current fiscal year 2007/2008 (revenues of EUR 100 m with an EBIT margin of ca. 8%).

The cooperation partners for the major order are VEXXRON GmbH and other related companies headquartered in Berlin, which have long been positioned successfully in the market with the issue of closed-end funds in the field of biogas. In terms of the plants being planned, many are plant modules of 500 kW each and should also be used as both individual equipment in outer zones and in commercial areas for the realisation of decentralised energy and heating concepts. Another 3-MW project furthermore includes the potential integration of a gas and steam turbine power plant.

Ulrich Wogart, CEO of BKN BioKraftstoff Nord AG, continues to be confident in the strategic positioning of BKN through this major order: “The targeted growth can only be realised with strong partners from the field of institutional investors. This order gives us a high degree of planning reliability for the years to come! We are additionally securing the utilisation of our likewise heavily growing service segment with a revenue and profit contribution continuously on the rise”.


Company profile

BKN BioKraftstoff Nord AG operates as a financial and investment holding company in the biogas and biodiesel segments. Thanks to BIOSTROM Energy Group AG and its operating subsidiaries, which BKN successfully acquired in April, the company now operates successfully on the market for biogas plants as a prime contractor, covering the entire value chain: the company has far-reaching expertise from maintaining competitiveness standards for plant locations to project planning, permit acquisition, the construction and operation of biogas plants and the efficient control of the plants. Biological process control of biogas plants, supported by BIOSTROM’s exclusive know-how, is one of its particular assets.


Sprakensehl – Bokel, 4 December 2007


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