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MVV Energie, BayWato Build $19 Million German Biomethane Plant

June 26 (Bloomberg) -- Utility MVV Energie AG and BayWa AG, a commodity trader, are spending 14 million euros ($19 million) building a biomethane gas plant in eastern Germany.

Construction has started for the 3-megawatt unit that will produce gas from May 2015, MVV Energie said today in an e-mailed statement. MVV Energie will own 74.1 percent of the project and BayWa the remainder.

The plant will turn maize, beetroot as well as lop and winter crops into biomethane that can be burned in power plants or fed into the local gas grid, the company said.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Indranil Ghosh

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