St1 Nordic to acquire E.ON Biofor.

St1 Nordic, a Nordic energy group, agreed to acquire E.ON Biofor, a biogas firm in Sweden. Financial terms were not disclosed. "We have identified strategic focus areas, where we can best achieve our goal in creating sustainable carbon cycle. By investing in renewable energy and in the transition of the energy sector while ensuring the necessary cash flow, we are solving global energy challenges. Entering biogas business is a concrete step in consistent and long-term implementation of our growth strategy. We are focusing on investments in the production of renewable fuels from sustainable feedstocks, research and development in lignocellulose-based biofuels and geothermal heat, as well as the development of a synthetic fuel value chain," Mika Wiljanen, St1 Nordic Director of Sales Business Unit.