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Ara Partners, a private equity firm specialised in industrial decarbonisation investments, has acquired Spanish company FNX Liquid Natural Gas to form CycleØ Group, a European biomethane platform.
CycleØ, led by Laurence Molke as CEO, will actively develop and operate biomethane projects across Europe. The company will capture, process and upgrade naturally occurring methane gas produced by the agri-food and livestock industries to produce biomethane, which can be used as a valuable green energy resource in any application as a direct substitute for traditional natural gas.
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