What Iogen does

Iogen Corporation is a privately held Canadian bioenergy technology company headquartered in Ottawa, Ontario, that develops and deploys proprietary processes for converting agricultural residues and other organic biomass into low-carbon and carbon-negative fuels. Its technology platform is built around enzymatic hydrolysis for cellulosic biofuels, raw biogas aggregation and upgrading to renewable natural gas (RNG), refinery drop-in fuel production (inserting RNG-derived renewable hydrogen into gasoline, diesel, and jet fuel at existing refineries), and Bioenergy Carbon Capture and Storage (BECCS) for net-negative carbon intensity. Iogen holds 300+ patents worldwide and reports cumulative R&D investment exceeding $500 million over more than 35 years of operation.

The company's commercial activities span the full fuel value chain. It enters multi-year offtake agreements with RNG and biogas producers and provides compliance management services; it partners with refiners and obligated parties to enable drop-in renewable fuel production and supply turnkey fuel credits; and it sells finished renewable gasoline, diesel, jet fuel, and RNG directly to blenders, distributors, and fleet operators. Named strategic counterparties include Royal Dutch Shell (partner, customer, and supplier), Raízen Energia (joint development partner for the world's largest cellulosic ethanol facilities in Brazil), and Goldman Sachs (investor). The company also develops RNG production facilities in North America and previously divested its enzyme business to Novozymes for $80 million in 2013.

Iogen is led by founder President & CEO Brian Foody and Chief Development Officer Patrick J. Foody, supported by a senior team with deep refining, trading, and project finance backgrounds (ex-BP, ex-ICBC Standard Bank). Revenue is generated through subscription-style multi-year offtake contracts, technology licensing, fuel credit supply agreements, and direct fuel product sales, though specific revenue, pricing, and headcount growth data are not publicly disclosed. The business model relies on continued tightening of renewable fuel standards, demand for carbon removal, and capital deployment to scale North American RNG and refinery integration projects.

Name

Iogen

Legal name

Iogen Corporation

Website

https://iogen.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Iogen Corporation is a Canadian bioenergy technology company that converts agricultural residues and biogas into renewable natural gas, drop-in transportation fuels, and carbon-negative hydrogen for refiners, fuel blenders, distributors, and fleet operators.

Ownership category

akta.pro rank

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. RNG Offtake Agreements: Multi-year offtake agreements for RNG producers including compliance management services that maximize product value and protect against price risks.
2. Drop-in Renewable Fuel Production: Technology licensing and solutions provision enabling refineries to produce renewable gasoline, diesel, and jet fuel through RNG feedstock processing. Includes technology, carbon-negative feedstocks, regulatory compliance expertise, and market access.
3. Fuel Credits Supply Agreements: Turnkey multi-year fuel credit supply agreements with robust compliance management support for refiners and obligated parties.
4. Finished Fuel Products Sales: Sale of renewable gasoline, diesel, and jet fuel made by refinery co-processing of RNG feedstock, as well as direct RNG supply for natural gas vehicles to fleet operators and gas distributors.
5. Biogas Business Development: Commercialization of biogas business including development of RNG production facilities in North America.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Iogen develops and deploys proprietary bioenergy technology that converts agricultural residues and other organic waste into renewable natural gas (RNG), drop-in renewable transportation fuels (gasoline, diesel, jet fuel), and sustainable hydrogen. The company sells multi-year RNG offtake agreements to biogas producers, licenses drop-in fuel production technology and supplies renewable feedstocks to refiners, and directly markets finished low-carbon and carbon-negative fuels to blenders, distributors, and fleet operators. Integrated Bioenergy Carbon Capture and Storage (BECCS) is built into its platforms to deliver net-negative carbon intensity fuels.

Product overview

Iogen is a bioenergy technology company offering a comprehensive portfolio of carbon-negative fuel solutions. The offering consists of multiple integrated products: RNG Offtake Agreements and Raw Biogas Development services for biogas producers; Drop-in Fuel Production technology and Fuel Credits for refiners; and Drop-in Renewable Fuels and Fuels for Natural Gas Vehicles for blenders, distributors, and fleet operators. These are supported by core technology platforms including Refinery Transformation Technology (converting RNG to renewable hydrogen for gasoline, diesel, jet fuel), Biogas Supply Chain Technology (raw biogas transportation and processing), BECCS (Bioenergy Carbon Capture and Storage), and Agricultural Residue Processing. The company also historically produced cellulosic ethanol. Iogen's solutions span the full value chain from feedstock aggregation to finished fuel products, all designed to achieve net-negative carbon intensity.

Differentiator

Problem solved

Functional benefit

Products and services

• RNG Offtake Agreements
• Raw Biogas Development
• Drop-in Fuel Production Technology
• Fuel Credits Supply Agreements
• Drop-in Renewable Fuels
• RNG for Natural Gas Vehicles
• Carbon Capture Technology (BECCS)
• Agricultural Residue Processing
• Renewable Hydrogen from RNG
• Cellulosic Ethanol

Quantifiable outcome

• Carbon-negative fuel production with net-negative carbon intensity per unit
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship, minor and core.

• Raízen EnergiaflagshipStrategic or Co-development PartnerIn collaboration with Brazil's Raízen Energia, Iogen built the world's largest and most successful cellulosic ethanol production facilities. This is a landmark joint development partnership that established Iogen's leadership in commercial cellulosic ethanol production.
• NovozymesminorStrategic or Co-development PartnerIogen's enzyme business, which pioneered new products and applications in different industries around the world, was acquired by Novozymes in 2013 for $80 million. This represents a past strategic transaction where Iogen's enzyme technology was transferred to Novozymes.
• ShellcoreStrategic or Co-development PartnerShell appears as a partner, customer and supplier in Iogen's ecosystem. The company logo is featured prominently alongside other partners on the Iogen website.
• Partner/Customer/Supplier Logos (Various)minorOthersIogen's website displays partner, customer and supplier logos. Several energy sector partners are shown though specific company names are not individually named in the text.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LanzaTech: LanzaTech is a carbon recycling company that converts waste gases into fuels and chemicals via gas fermentation, with a comparable focus on producing low-carbon fuels and chemicals from waste feedstocks. Both Iogen and LanzaTech pursue carbon-negative fuel pathways and serve fuel and chemical end-markets, with similar mission alignment around carbon capture from fuel production.
• Enerkem: Enerkem converts non-recyclable waste into renewable fuels and chemicals using gasification technology. Both companies produce low-carbon transportation fuels from waste/biomass feedstocks and target refiners and obligated parties seeking renewable content solutions, with comparable technology and customer segments.
• Aemetis: Aemetis is a renewable fuels company producing low-carbon renewable diesel and jet fuel from agricultural waste and forest residues. Both companies target drop-in transportation fuel production with similar carbon-negative positioning, though Aemetis uses different conversion technologies (not enzymatic hydrolysis) and is publicly traded.
• Velocys: Velocys develops gas-to-liquids (GTL) technology that converts biomass and waste gases into drop-in transportation fuels. Both companies focus on converting gaseous/waste feedstocks into drop-in fuels, though Velocys uses Fischer-Tropsch synthesis rather than enzymatic hydrolysis or RNG pathways.
• Clean Energy Fuels: Clean Energy Fuels is the largest provider of natural gas fueling infrastructure in North America, with a growing focus on renewable natural gas (RNG) supply for transportation. Both companies target the RNG-for-transportation fuel market, though Clean Energy Fuels focuses on fueling infrastructure and distribution while Iogen focuses on RNG production and drop-in fuel technology.
• SunFire GmbH: SunFire produces synthetic fuels (e-fuels) and green hydrogen using renewable electricity. Both companies target drop-in transportation fuels and renewable hydrogen production, though SunFire uses electrolyzer-based power-to-liquid pathways while Iogen uses biomass-to-RNG-to-hydrogen routes—creating indirect competition for refinery decarbonization customers.

Broad incumbents

• Neste: Neste is the world's largest producer of renewable diesel and sustainable aviation fuel, made from waste and residues. While Iogen operates as a technology licensor/producer with drop-in fuel ambitions, Neste is an established incumbent with at-scale renewable fuel production, creating both competitive overlap and a potential strategic partner/acquirer.
• Shell (Renewables & Energy Solutions): Shell is a strategic investor and partner in Iogen, while also being a global energy major investing heavily in renewable fuels, hydrogen, and carbon capture. Shell represents both a major customer/partner for Iogen and a broad incumbent that could develop competing in-house RNG-to-hydrogen technologies.
• Darling Ingredients (Diamond Green Diesel): Darling Ingredients, through its Diamond Green Diesel joint venture with Valero, is one of the largest North American renewable diesel producers using animal fats and used cooking oil. While Iogen targets cellulosic biomass feedstocks, Darling Ingredients represents a broad incumbent in the renewable diesel market competing for similar obligated-party and refiner customers.

Emerging players

• Prometheus Fuels: Prometheus Fuels is developing technology to produce carbon-neutral gasoline, jet fuel, and diesel from atmospheric CO₂ and renewable electricity. As an emerging player in drop-in renewable fuels, Prometheus targets the same end-markets (refiners, fleet operators) as Iogen but uses direct air capture rather than biomass pathways.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/IogenCorp
• LinkedInca.linkedin.com/company/iogen-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

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 Iogen