The acquisition of Rømskog Industrial Park, situated just an hour from Oslo, marks Geminor's fifth strategic integration, following successful acquisitions of Bergen Avfall, Rekom, Bøn Biobrensel, and KEMÅ Fast.
Spanning an impressive 100,000 square meters, Rømskog Industrial Park becomes the largest facility in Geminor's growing portfolio. The site will primarily serve as a logistics hub for the company's biofuel operations within Bøn Biobrensel, focusing on storage and processing.
Stimulating Local Economic Growth
This acquisition is set to invigorate the local economy by creating new employment opportunities in the Rømskog area.
Kjetil Vikingstad, CEO of Geminor, states, "The industrial park has long aimed to foster local activity and job creation. This acquisition aligns perfectly with that vision. Rømskog's proximity to local timber and forest residues makes it ideal for our biofuel operations. Moreover, the region's skilled forestry workforce presents an excellent talent pool for our future growth."
Establishing a Nordic Biofuel Hub
The addition of Rømskog expands Geminor's network of strategically positioned facilities across Europe, enabling the company to manage a diverse range of waste fractions and biofuels tailored to varying market demands.
While biofuel operations will be the primary focus, the site's expansive area offers the potential to support other aspects of Geminor's operations as needed.
"This acquisition holds significant value due to its strategic possibilities. We are eager to explore optimal ways to utilise this space," Vikingstad adds.
The acquisition comes as Geminor is handling increasing waste volumes across Europe, particularly in the UK and Poland. The company continues to prioritise infrastructure development, with Rømskog Industrial Park playing a crucial role in this expansion.
