BioCirc

What BioCirc does

BioCirc is a Danish circular bioeconomy company founded in 2021 that owns and operates eight industrial-scale biogas plants across Denmark, processing approximately two million tonnes of agricultural residues and organic waste annually into biomethane (~1.9 TWh/year). The company ranks as the world's second-largest biogas producer and is integrating carbon capture and storage (CCS) technology at five of its plants to produce permanent carbon dioxide removal (CDR) credits. BioCirc serves four primary customer groups: Danish municipalities developing integrated circular energy clusters, agricultural cooperatives (notably DLG) supplying biomass feedstock, energy utilities purchasing biomethane and renewable electricity into the grid, and large corporates purchasing verified CDR credits — most prominently Microsoft under a seven-year 650,000-tonne offtake agreement beginning H2 2026.

BioCirc's technology platform centers on a proprietary 'circular energy cluster' concept that co-locates biogas, solar, wind, electrolysis, pyrolysis, and Power-to-X infrastructure to maximize CO2 abatement across by-products. Carbon capture relies on Pentair Union Engineering's CO2 liquefaction systems; liquid CO2 is transported by Koldkur Transport to the Greensand Future offshore storage site in the Danish North Sea (Nini West reservoir, 1,500–1,800 m below seabed) — set to become the EU's first full-scale CO2 storage facility. A proprietary IT platform enables remote monitoring and operation of plants from Denmark, including the Alberta, Canada facility managed offshore. CCS projects are supported by the Danish Energy Agency's NECCS subsidy (~DKK 1 billion awarded in Q2 2024). Active projects include Viborg Go Green, Vesthimmerland Go Green, RECLAIM (biomethanol), and ENGINE (electrified carbon-negative biomethane). Vinkel Biogas is being expanded to 1.1 million tonnes of biomass input per year — targeted to become the world's largest biogas plant — alongside a 60 MWp solar park operational in 2025 and a 140 MW solar park approved in Brønderslev.

BioCirc's revenue model is multi-stream and predominantly B2B. Biomethane and biogas certificate sales to gas grid operators and industrial offtakers generated DKK 1.48 billion (~USD 210 million) in 2024, up 31% year-over-year from DKK 1.13 billion in 2023. CDR credits are sold directly to corporates under multi-year offtake agreements, and the NECCS subsidy adds ~DKK 130 million+ annually from 2026 through 2032. Power purchase agreements, biomethane trading, and future e-methanol/e-hydrogen sales from RECLAIM and ENGINE diversify revenue. Distribution is direct enterprise sales supplemented by community-led project development through Danish municipal partnerships. The company has scaled via a roll-up strategy — acquiring 8 Danish biogas plants plus Germany's North-Tec (March 2024) since 2022 — and expanded internationally to Canada in January 2025. As of 2025, BioCirc employs 340+ people, is privately held (BioCirc Group Holding ApS), with strategic investor DLG holding a board seat.

Name

BioCirc

Legal name

BioCirc Group Holding ApS

Website

https://biocirc.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

251–500 employees

Short description

BioCirc is a Danish circular bioeconomy company operating eight industrial-scale biogas plants producing ~1.9 TWh of biomethane annually while developing integrated carbon capture, storage, and Power-to-X projects. It serves municipalities, agricultural cooperatives, energy utilities, and corporate CDR buyers such as Microsoft.

Ownership category

akta.pro rank

Product category

Renewable Energy and Carbon Removal

NAICS

Biomass Electric Power Generation (221117), Compost Manufacturing (325315)

SIC

Cogeneration Services & Small Power Producers (4991), Refuse Systems (4953), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Organics-to-Energy & CHP from Biogas (On-site Power/Heat) (EUAIAEAG)

akta.pro secondary industries

Biogas Upgrading-to-Power (Biomethane-to-Power, Pipeline Injection + Power) (EUACAIAJ), BECCS Project Development & Integration (Permitting, FEED, EPC Interface) (EUAAALAA), Carbon Removal Credits Trading (DAC, BECCS, Biochar, Mineralization) (EUAGAIAL), CO₂ Utilization from Bioenergy (CCU: Fuels, Chemicals, Building Materials) (EUAAALAG), Bio-based Platform & Commodity Chemicals (e.g., bio-ethylene, bio-propylene, bio-BTX, bio-methanol) (EUAAAIAA)

Keywords

• Biomethane production
• Carbon capture storage
• Circular energy clusters
• Renewable gas
• Waste-to-energy

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Biomethane (Green Gas) Sales: BioCirc generates revenue primarily from producing and selling biomethane (green gas) to the grid and industrial offtakers. With 8 biogas plants producing ~175 million Nm³ (~1.9 TWh) annually, biomethane sales to gas distributors and energy companies constitute the core revenue stream. Revenue grew 31% to DKK 1.48 billion in 2024.
2. Carbon Removal Credits (CDR): BioCirc commercializes verified Carbon Dioxide Removal (CDR) credits from its CCS operations. The Microsoft 7-year agreement (2026-2032) delivers 100,000 carbon removal units annually at a total of 650,000 tonnes. CDR credits are also verified through Puro.earth and sold to hard-to-abate industrial sectors seeking to offset emissions.
3. Renewable Electricity Generation: Co-located renewable electricity generation at biogas plants (~60 GWh) and the Vinkel Solar Park (60 MWp, operational 2025) produces electricity for the grid, contributing to CO₂ abatement and generating additional revenue streams.
4. NECCS Government Subsidy: BioCirc won the majority of Denmark's NECCS (Negative Emissions Carbon Capture, Transport and Storage) subsidy in Q2 2024, securing approximately DKK 1 billion in government support from 2026-2032. This subsidizes the CCS investment costs and operations, providing a long-term revenue guarantee.
5. Biogas Certificates (GoO and Similar): Revenue from Guarantees of Origin (GoO) and other biogas/renewable energy certificates associated with biomethane production, subject to market price volatility for biogas certificates. Market conditions in 2024 included lower gas prices and pricing pressure on biogas certificates.
6. Power Purchase Agreements (PPA): BioCirc signed its first Power Purchase Agreement (PPA) in December 2024, selling renewable electricity from its solar installations to corporate buyers under long-term contracts.
7. Methanol and Green Fuel Sales (Future): The RECLAIM and ENGINE projects aim to produce methanol and carbon-negative biomethane for sale to maritime shipping, aviation, and heavy road transport sectors—hard-to-abate industries. These represent future revenue streams as projects reach final investment decision.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

BioCirc owns and operates eight industrial-scale biogas plants across Denmark that process agricultural residues and organic waste into biomethane (~1.9 TWh annual capacity), with co-located renewable electricity (including the 60 MWp Vinkel Solar Park). The company integrates carbon capture and storage (BECCS) at five plants to permanently sequester biogenic CO2 in the Danish North Sea and develops circular energy clusters combining biogas, solar, wind, electrolysis, and Power-to-X technologies. BioCirc also commercializes verified Carbon Dioxide Removal (CDR) credits sold directly to corporate offtakers such as Microsoft.

Product overview

BioCirc operates as a circular bioeconomic company offering an integrated platform of biogas production, renewable energy, and carbon capture solutions. The core offering consists of eight operational biogas plants across Denmark producing biomethane (~1.9 TWh annual capacity), supplemented by co-located solar power (Vinkel Solar Park, 60 MWp). The platform is extended through add-on modules including Carbon Capture and Storage (CCS) for permanent CO₂ removal, Power-to-X solutions for green hydrogen and e-methanol production, and circular energy cluster projects (Vesthimmerland Go Green, Viborg Go Green). The company also offers CDR credits verified through Puro.earth. The portfolio is supported by North-Tec (German EPC subsidiary) for facility construction and Bio Recycling (trading subsidiary) for biomaterial sourcing.

Differentiator

Problem solved

Functional benefit

Brands

• Bio Recycling: Bioeconomy and recycling services brand operated under BioCirc

Products and services

• Biomethane (Green Gas) Production Industrial-scale production and sale of biomethane (green gas) to Danish gas grid operators and energy utilities. BioCirc operates 8 biogas plants (Blåbjerg, Favrskov, Grønhøj, Haderslev, Iglsø, Ringsted, Vesthimmerland, Vinkel) with combined annual capacity of ~175 million Nm3 (~1.9 TWh). Revenue reached DKK 1.48 billion in 2024.
• Carbon Dioxide Removal (CDR) Credits Verified Carbon Dioxide Removal credits from BioCirc's BECCS operations, providing permanent CO2 removal solutions for companies in hard-to-abate sectors to offset emissions.
• Carbon Capture and Storage (BECCS) Service End-to-end BECCS service capturing biogenic CO2 from five BioCirc biogas facilities, liquefying it via Pentair systems, transporting it to the Greensand Future storage site, and permanently storing it in the Nini West reservoir (1,500-1,800 m below the North Sea seabed). Planned capacity is up to 1 million tonnes of CO2 captured and stored by 2032.
• Vinkel Solar Park 60 MWp solar park co-located with Vinkel Biogas plant producing approximately 60 GWh of renewable electricity annually, sold to the Danish electrical grid or under Power Purchase Agreements to corporate buyers.
• Viborg Go Green Circular Energy Cluster Denmark's first green circular energy cluster combining wind, solar, biogas and Power-to-X to cover the region's energy needs. Designated as a state energy park. Includes 17 wind turbines (185m height) and methanol production via electrolysis.
• Vesthimmerland Go Green Circular Energy Cluster One of Denmark's first green circular energy clusters combining wind, solar, biogas and Power-to-X to meet regional energy needs. Designated as a state energy park. Includes 21 wind turbines (185m height) and Power-to-X facilities.
• RECLAIM Project (Methanol + Green Hydrogen Cluster) Europe's first fully integrated biocircular renewable energy cluster, combining a methanol production plant, electrolyser for green hydrogen production, and wind turbines. Expected annual reduction ~70,000 tonnes of CO2. First phase of Vesthimmerland Go Green.
• ENGINE Project (Carbon-negative Biomethane Plant) First-of-its-kind commercial-scale fully electrified carbon-negative biomethane plant in Viborg Municipality, converting agricultural residues and biowaste into renewable gas while permanently storing biogenic CO2. Expected ~1.2 million tonnes CO2e absolute GHG reductions over first ten years.
• Alberta Canada Biogas Plant BioCirc's first international biogas plant in Alberta, Canada. Produces renewable gas from cattle manure and household waste, co-owned with local cattle producers via partnership with RimRock RNG. Managed remotely from Denmark via BioCirc's IT platform.
• Green Grass Protein Bioraffinaderi (Vinkel) Sustainable grass protein product produced via green bioraffinaderi at the Vinkel site, in partnership with BioRefine. Offers a locally produced alternative to imported soy products with environmental benefits including improved soil fertility, reduced nitrate leaching, and increased biodiversity.

Quantifiable outcome

• ~2.0 TWh of green energy capacity per year (2025); 7 TWh target by 2030
• +9 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered core, strategic and minor.

• RimRock RNG (Canada)coreStrategic or Co-development Partner · 1 January 2025BioCirc entered a strategic partnership with RimRock RNG (Kendra Donnelly, co-owner) to establish a large-scale biogas plant in Alberta, Canada. The plant will be co-owned with local cattle producers and will produce renewable gas from cattle manure and household waste. RimRock's local expertise combined with BioCirc's operational capabilities forms the partnership foundation.
• North-Tec (Germany)strategicStrategic or Co-development Partner · 1 March 2024BioCirc acquired North-Tec in March 2024. North-Tec is a German EPC (Engineering, Procurement, Construction) and automation business. It provides BioCirc with in-house competencies to build and expand biogas and CCS facilities, strengthening vertical integration.
• Pentair Union Engineering A/ScoreTechnology or IntegrationPentair Union Engineering A/S supplies and installs CO₂ purification and liquefaction systems at five of BioCirc's biogas plants. Pentair's technology enables BioCirc to produce liquid CO₂ suitable for transport to offshore geological storage. This is a critical technology partnership enabling BioCirc's CCS operations.
• Koldkur Transport A/ScoreTechnology or IntegrationKoldkur Transport handles the collection, transport, and delivery of liquid CO₂ from BioCirc's biogas plants to Greensand Future's receiving facility at Esbjerg Port. Koldkur is investing in specialized advanced tankers designed for safe transport of liquid CO₂. Koldkur brings 96+ years of experience in transporting specialized liquids.
• Puro.earthcoreTechnology or IntegrationPuro.earth is the globally leading platform for verification and trading of CO₂ credits based on permanent CO₂ storage. The partnership ensures BioCirc's CCS project emissions removal is measured, registered, and validated, enabling CDR credits to function as a tool for the green transition in hard-to-abate sectors.
• INEOS Greensand / Greensand FuturecoreTechnology or IntegrationBioCirc joined Greensand Future as the largest supplier of biogenic CO₂. Captured CO₂ is permanently stored in the Nini West reservoir (1,500-1,800 meters below the North Sea seabed) through Greensand Future's CO₂ storage facility, which is set to become the EU's first full-scale CO₂ storage facility.
• Aarhus UniversitystrategicStrategic or Co-development PartnerAarhus University and BioCirc entered into an innovative partnership focused on collaboration between research and industry. The partnership supports the development of energy cluster technologies and provides academic expertise for BioCirc's circular bioeconomy operations.
• Friis & Moltke ArchitectureminorStrategic or Co-development PartnerFriis & Moltke, in collaboration with LYTT Architecture, won the architectural competition for the Viborg Go Green energy cluster, designing the physical infrastructure and layout of the integrated circular energy park.
• BioRefineminorStrategic or Co-development PartnerBioCirc Vinkel Biogas is in partnership with BioRefine to explore establishing a green bioraffinery at the Vinkel site, producing grass protein as a sustainable alternative to imported soy products with environmental benefits including improved soil fertility and reduced nitrate leaching.
• DLG (Danish agricultural cooperative)strategicStrategic or Co-development PartnerDLG and BioCirc tightened their collaboration with the agricultural sector. DLG is a co-investor and strategic partner, with DLG providing access to its agricultural network, farmer relationships, and biomass supply chain for BioCirc's biogas operations.

Scale indicators17 records

Recent moves12 records

Expansion highlights7 records

Others

• Puro.earth: Carbon removal credit registry that verifies BioCirc's CDR credits. Not a competitor but a critical ecosystem partner providing third-party verification that enables BioCirc's CDR revenue stream.

Emerging players

• Climeworks: Swiss CDR leader using Direct Air Capture (DAC) technology. Competes for the same corporate CDR budgets (including Microsoft's) but uses a different removal pathway. Provides market context on CDR pricing and demand growth.
• CarbonOrO: BECCS project developer using forestry residues for carbon removal. Comparable as a BECCS-based CDR supplier targeting voluntary corporate markets, though smaller in scale and operating in different geographies.

Broad incumbents

• Ørsted: Danish-headquartered global renewable energy leader with overlapping green transition mandate (offshore wind, biomass, hydrogen, Power-to-X). Comparable in renewable energy production, energy cluster development in Denmark, and integration of multiple green technologies.
• BP: Global energy major with significant biofuels/biodigestion operations (bp bioenergy) and CCS investments. Comparable in biomethane production scale and corporate CDR strategy.
• Equinor: Norwegian energy major investing heavily in offshore CO₂ storage (Northern Lights), hydrogen, and renewables. Comparable on CCS infrastructure and Nordic energy cluster strategy, though more upstream-focused.
• Shell (incl. Nature Energy): Global energy major with growing biogas/biofuels portfolio via Nature Energy acquisition. Direct overlap in biomethane production, carbon capture investments, and energy offtake to industrial customers.
• TotalEnergies: French energy major with growing biogas, biofuels, and CCS operations across Europe. Comparable in hard-to-abate sector fuel strategy (aviation, shipping) and integrated renewable energy value chains.

Direct peers

• Nature Energy: Denmark's other major biomethane producer, operating large-scale biogas plants across Denmark and internationally. Acquired by Shell in 2024. Direct competitor in the Danish biogas market with overlapping customer segments (utilities, industrial offtakers, municipalities).
• INEOS Energy: Greensand Future project operator and BioCirc's CCS storage partner. Direct overlap on the biogenic CO₂ storage value chain (transport, offshore injection). Strategic partner rather than a competitor, but operates in adjacent CCS infrastructure.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/biocirc

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries10 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BioCirc