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Relevant News Item 24th February 2025

Ence agrees with BBVA to acquire and promote La Galera biomethane plant: bank to contribute some €19 million

Link Securities | Spanish cellulose manufacturer Ence (ENC) has reached an agreement with BBVA (BBVA) to acquire and promote the La Galera biomethane plant, which it recently acquired in Tarragona through its subsidiary Ence Biogás, according to the Expansión newspaper. Using the project finance formula, BBVA will contribute just over €19 million for the purchase of the factory from a group of local ranchers, farmers and investors, as well as…

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Spanish economy 3rd January 2025

Ence updates decarbonisation plan and raises absolute emissions reduction target to 75% by 2035

Alphavalue / Divacons | The paper and energy group has updated its Decarbonisation Plan by increasing the level of reduction of Scope 1 and 2 emissions by 2035, setting targets for 2030 as an intermediate milestone and also incorporating targets to reduce indirect Scope 3 emissions. Specifically, the company, based on the 2018 financial year, increases the level of ambition of the target set for 2035 from a group-wide reduction…

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Relevant News Item 21st December 2024

Ence acquires first biomethane plant for undisclosed price

Renta 4 | Ence has closed the acquisition of a biomethane generation plant in the town of La Galera (Tarragona), with a capacity to produce up to 50 GWh of biomethane per year, with its corresponding sustainability certificates. It has also signed a 15-year agreement with a gas trading company for the sale of the biomethane produced by the plant. As part of its business plan, Ence Biogas plans to…

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Companies 1st August 2024

Constitutional Court dismisses State Attorney Office’s appeal and upholds legality of extension of concession of Ence’s biofactory in Pontevedra

Renta 4 | The Constitutional Court has rejected the appeal filed by the State Attorney’s Office against the ruling handed down in February 2023 by the Audiencia Nacional (Supreme Court), which upheld the legality of the extension of the concession for Ence’s biofactory in Pontevedra. In the absence of knowing the decision of this Court on the other appeal filed against this judgment, by the City of Pontevedra, the Company…

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Relevant News Item 3rd October 2023

Ence takes over SNIACE’s forestry assets and seed orchards

GroupLink Securities| Spanish pulp and energy company Ence (ENC) announced on Friday that it has been awarded the forestry assets of SNIACE (SNC) in the auction held as part of the company’s insolvency proceedings, Bolsamania.com reported. Ence said that with this transaction, it continues in sustainable forest management, a strategic business line for the group and fully aligned with its commitment to the bioeconomy. Also, this award will allow the…

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Spanish economy 18th June 2023

Ence says it has signed a contract with a major brewery for conversion of thermal processes based on gas, fuel oil or coke

Link Securities| The company’s president, Ignacio Colmenares, has claimed that the company has signed a contract with a major brewery based on the transformation of thermal processes based on gas, fuel oil or coke by a pure electric solution or a mixed solution with biomass depending on the temperature and pressure at which companies need steam. The ENC executive also pointed out that before the end of this month the…

Ence: Buy cellulose during Chinese New Year

Ibex 4th November 2019

Ence 3Q19 EBITDA falls -57% vs 3Q18

Banc Sabadell | Ence has published bad results for 3Q19, although more or less in line with expectations at the level of Ebitda. Thus sales fell -8.4% vs 3Q18, somewhat better than expected (-11.1% BS expectation and -12.6% consensus) above all because of a greater volume of sales.