By Business & Finance 
Pictured (L-R): Tom O’Brien, Managing Director of Nephin Energy and Minister for Enterprise, Trade and Employment, Mr. Simon Coveney TD
Nephin Energy has announced the creation of new business Nephin Renewable Gas (NRG). NRG is a renewable energy company and has set up its operational headquarters in Tipperary town.
Nephin Energy, a domestic producer of natural gas, has announced the creation of new business venture Nephin Renewable Gas (NRG), a renewable energy company.
The new office facility was officially opened yesterday, Thursday February 1st, 2024, in Tipperary town by the Minister for Enterprise, Trade and Employment, Mr. Simon Coveney T.D.
Tom O’Brien, Managing Director of Nephin Energy stated that NRG’s ambition is to become “Ireland’s leading biomethane production company.”
He continued: “Nephin can realise this ambition by relying on its unique competitive advantages, such as building on our existing position as Ireland’s largest natural gas company, our access to the strong, long-term, patient capital of our owners CPP Investments, and utilising the 100+ years of combined RNG and agri experience of our first-class management team in NRG.”
Biomethane can play a major role in helping Ireland meet its climate ambitions by reducing emissions and supporting the decarbonization of otherwise hard to abate sectors such as manufacturing, transport and agriculture.
In addition to producing biomethane, hundreds of direct and indirect jobs will be created all around rural Ireland from the operation and maintenance of the AD plants. In addition to jobs, the AD sector can provide new reliable, long-term sources of income for farmers and associated agri industries.
Furthermore, NRG’s plants will enable farmers to reduce their own carbon footprint by allowing them to redirect their slurries and manures away from the land towards NRG’s biomethane plants. In turn this will help reduce the level of pollution entering Ireland’s streams and rivers.
Mr. O’Brien continued: “In building this business, we look forward to making a meaningful investment in Ireland’s rural economies and partnering with farmers to give them a real opportunity to benefit from the green energy transition.”
NRG’s plants will generate clean indigenous biogenic carbon dioxide that can directly replace imported fossil derived CO2 in a variety of industrial applications. The plants will also produce low carbon biofertiliser which can be used as a direct replacement for imported fossil fuel derived fertiliser.
Minister for Enterprise, Trade and Employment, Mr. Simon Coveney TD, said: “Companies like Nephin Renewable Gas, will play a pivotal role in helping Ireland achieve its Climate Action target of delivering 5.7 TWh of indigenously produced biomethane by 2030. Producing biomethane at scale in Ireland will make a significant contribution towards our ability to reduce climate emissions across hard to abate energy demand sectors, such as manufacturing and transport.”
“Not only is it a positive development in terms of climate change and energy transition, Nephin Renewable Gas’ biomethane production will benefit rural communities across Ireland by generating jobs and creating new revenue streams for farmers.’’
READ MORE:
FDI of the Month January 2024: Tegus opens EMEA headquarters in Waterford
