AGRIGAS ENERGY S.A.

What AGRIGAS ENERGY S.A. does

Agrigas Energy S.A. is a privately held Greek energy company founded in 2015 (with operational roots in biomass heating dating to 2009), headquartered in Larissa, central Greece. The company owns and operates a 499 kWel biomass gasification power plant built on a 67,487 sq.m. industrial site, using EQTEC plc's patented fluidized bed gasification technology licensed through an exclusive Greek partnership announced in March 2020. The facility converts local agricultural residues — primarily wheat straw, barley, oats, and corn sourced from regional farmers and cooperatives — into four co-products: electricity (~3.8 million kWh/year, sold entirely to the Greek public grid under a feed-in tariff), heat (500-600 kWth at 85°C for auxiliary processes or district heating), biochar (~400 tons/year for agricultural and industrial use), and agripellet (biomass pellets for fuel, animal feed, and bedding).

Beyond power generation, Agrigas monetizes its accumulated technical expertise by offering project licensing, feasibility studies, unit design, construction, maintenance, and full EPC services to third-party developers of biomass gasification plants. The company employs approximately 6 staff and is governed by a 7-member Board with deep technical credentials from leading Greek universities. Its €2.5 million Piraeus Bank loan (signed November 2020) financed construction of the initial Larissa facility, and a March 2020 MoU with EQTEC commits the parties to co-developing a second, larger 1 MWe plant in Greece. As of 2024, the company was reportedly progressing through hot commissioning and start-up of the Larissa unit.

The business model combines regulated, long-duration electricity offtake (the dominant revenue line) with commodity sales of biochar and agripellet, supplemented by episodic project-based EPC services. Agrigas's competitive positioning rests on its EQTEC technology license, 15+ years of team experience, localized feedstock supply relationships in the Larissa agricultural basin, and regulatory authorizations that together constitute meaningful entry barriers for new biomass-to-power capacity in Greece.

Name

AGRIGAS ENERGY S.A.

Legal name

Agrigas Energy S.A.

Website

https://agrigas.gr

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Biomass Power Generation

NAICS

Biomass Electric Power Generation (221117), Fertilizer and Compost Manufacturing (32531)

SIC

Cogeneration Services & Small Power Producers (4991), Agricultural Services (700)

akta.pro primary industry

Gasification & Pyrolysis-to-Power (Waste/Biomass Advanced Thermal) (EUACAIAL)

akta.pro secondary industries

Agricultural Residues & Energy Crops Biomass Power (Stover, Bagasse, Pellets) (EUACAIAF), Biogas/RNG Plant Development, EPC & Project Delivery (EUAAAEAH), Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL)

Keywords

• Biomass gasification
• Renewable energy
• Electricity generation
• Biochar production
• EPC services

Headquarters

HQ city

Larissa

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Sales: The primary revenue stream is the sale of electricity generated through biomass gasification. The 499kWel power plant has annual capacity of approximately 3,800,000 kWh, all sold exclusively to the public electricity distribution network.
2. Heat Energy Sales: Heat produced during power generation (500-600 kWth at 85°C) is used in auxiliary processes or sold for applications such as greenhouse cultivation, drying facilities, or district heating.
3. Biochar Sales: Biochar (anhydrous charcoal), a by-product of the gasification process, is sold as fertilizer, soil conditioner, or as raw material for the cement and asphalt industry. Annual production is approximately 400 tons.
4. Agripellet Sales: Pellets produced from agricultural residues (wheat straw, barley, oats, corn) are sold as bio-fuel, animal feed, or animal bedding substrate. Straw pellets have a calorific value of 16.5-19 MJ/kg, ash content <3.5%, and moisture <12%.
5. EPC and Project Services: The company provides Engineering, Procurement, and Construction (EPC) services for biomass gasification units, including project licensing, study and design, and unit construction and maintenance. Revenue is earned through project-based service contracts.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

AgriGas Energy S.A. operates a 499kWel biomass gasification facility in Larissa, Greece, converting agricultural residues (wheat straw, barley, oats, corn) into syngas via EQTEC's fluidized bed reactor technology. The plant produces electricity (approximately 3.8 million kWh/year sold to the public grid), heat (500-600 kWth at 85°C), biochar (~400 tons/year), and agripellet. The company also provides project licensing, study/design, construction, maintenance, and full EPC services for biomass gasification plants.

Product overview

Agrigas Energy S.A. is a power generation company operating a 499kWel biomass gasification facility in Larissa, Greece. The company offers four core products derived from its gasification process: Electricity (the primary product, approximately 3,800,000 kWh annually to the public grid), Heat (500-600 kWth at 85 degrees Celsius), Biochar (approximately 400 tons annually as fertilizer/industrial raw material), and Agripellet (biomass pellets from agricultural residues for feed, fuel, or bedding). Additionally, the company provides project licensing, design, construction, maintenance, and EPC services for biomass gasification plants using EQTEC's patented fluidized bed technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Electricity produced through biomass gasification. The synthetic gas (syngas) produced in the gasifier is cleaned and filtered before powering an electric generator, with output stepped up via a 0.4/20kV transformer and connected to the public electricity distribution network. Annual output is approximately 3,800,000 kWh.
• Heat Heat produced during power generation (500-600 kWth at 85°C) is used for auxiliary processes such as reducing biomass moisture content for the gas reactor, with remaining heat available for greenhouse cultivation, drying, or district heating applications.

Quantifiable outcome

• Up to 95% efficiency achievable with State of Art gasification technology
• +6 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered supporting and core.

• TÜV HellassupportingOthers · 17 November 2020TÜV Hellas (Hellenic certification and inspection body) was one of the partners thanked by AgriGas in its November 2020 press release for contributing to the completion of the loan agreement step. TÜV likely provides inspection, certification, and quality assurance services for the project's compliance with Greek and European standards.
• Ernst & Young (Greece)supportingOthers · 17 November 2020Ernst & Young Greece was one of the partners thanked by AgriGas in its November 2020 press release for contributing to the completion of the loan agreement step. EY likely provided financial advisory, due diligence, or audit services in connection with the project financing.
• HELLABIOM (Hellenic Biomass Association)supportingOthers · 26 March 2020AgriGas Energy S.A. has been a member of HELLABIOM (Hellenic Biomass Association) since 26 March 2020. HELLABIOM is the full national member representing Greece in AEBIOM (European Biomass Association). Membership provides industry representation, networking, and participation in European biomass policy discussions.
• EQTEC plccoreTechnology or Integration · 6 March 2020EQTEC plc is a UK-listed technology company with patented gasification technology (EGT). AgriGas operates as the Greek partner of EQTEC for the deployment of advanced gasification plants. EQTEC's technology is the core of AgriGas's power generation operations. The partnership was announced on 6 March 2020 with the signing of a Memorandum of Understanding covering the design and installation of the first advanced gasification plant in Greece (499kWel in Larissa). The parties also committed to developing a second 1MWe plant in Greece.
• ewerGy GmbHcoreImplementation/ SI/ Consulting Partner · 6 March 2020ewerGy GmbH is a German EPC (Engineering, Procurement, and Construction) company that designs and installs advanced gasification plants. AgriGas partnered with ewerGy as the EPC contractor for its Larissa facility. ewerGy operates in Greece through its partner Eco Hellas SA. The partnership was formalized through a Memorandum of Understanding signed in March 2020.
• Eco Hellas SAsupportingImplementation/ SI/ Consulting Partner · 6 March 2020Eco Hellas SA is the Greek operating partner of ewerGy GmbH, facilitating the German EPC company's activities in the Greek market. As the local partner, Eco Hellas supports the execution of ewerGy's engineering and construction activities for AgriGas's gasification plant in Larissa.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Spanner Re² GmbH: German manufacturer of biomass CHP plants based on fixed-bed gasification technology. Comparable product positioning — small-to-mid scale biomass gasification with electricity, heat and biochar outputs — and overlapping European customer base.
• Nexterra Systems Corp. Canadian supplier of biomass gasification systems producing syngas for combined heat and power applications. Directly comparable on gasification technology platform, CHP orientation and small-to-mid scale industrial deployments.
• Burkhardt GmbH: German manufacturer of biomass CHP plants using gasification technology. Comparable product offering — small-to-mid scale biomass gasification CHP with heat utilization — and serves similar agricultural-residue use cases in Europe.
• 2G Energy AG: German manufacturer of combined heat and power (CHP) plants running on biogas, natural gas and biomass. Closely comparable on small-scale modular CHP deployment and agricultural/biomass feedstock use.
• EQTEC plc: UK-listed gasification technology company whose patented fluidized bed reactor (EGT) is licensed to AgriGas. EQTEC co-develops biomass gasification projects in Greece and the Balkans with AgriGas and shares the same Mediterranean agricultural-residue opportunity.
• Aalborg Energie Technik (AET): Danish supplier of biomass-fired boiler and gasification power plants in the sub-10 MW range, directly comparable in scale and Mediterranean/agricultural-residue applications to AgriGas's Larissa facility.
• ewerGy GmbH: German EPC contractor that designed and built AgriGas's Larissa 499kWel gasification plant. Operates in Greece via partner Eco Hellas and builds advanced biomass/waste gasification plants of similar scope to AgriGas's.

Broad incumbents

• ANDRITZ AG: Austrian/global industrial group with a major biomass power boiler and EPC business. Competes broadly in biomass-to-energy project delivery but at much larger scale than AgriGas's 0.5 MWel single-site model.
• Metso Corporation: Finnish global leader in mining, aggregates and biomass/thermal processing equipment with a significant gasification and biomass-power offering. Comparable technology stack to AgriGas's gasification line but at much broader scale and across multiple end markets.
• Valmet Oyj: Finnish process technologies supplier with biomass-fired boiler islands and power plant delivery capability serving pulp, paper and energy customers. Overlaps with AgriGas in biomass-to-power but operates as a multi-utility-scale incumbent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/agrigasenergysa

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

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 AGRIGAS ENERGY S.A.