BioCirc Secures €40.2M in Funding and Aims for €134M Green Energy Milestone by 2025

Copenhagen-based BioCirc, a frontrunner in circular bioeconomy innovation, has secured DKK 300 million (approx. €40.2 million) through an internal fundraising round. This initiative attracted overwhelming interest from shareholders and employees alike.

This fresh capital injection marks a significant step forward in BioCirc’s broader investment strategy, fueling DKK 1 billion worth of projects (nearly €134 million) slated for rollout by 2025. Among the most high-profile developments is the planned expansion of the Vinkel Biogas facility in Skive, which is set to become the largest of its kind globally.

In a statement translated from Danish, Bertel Maigaard, founder of BioCirc, says, “It has exceeded all expectations, and it’s great to feel the significant support that both the shareholders and especially the employees – who have the best insight into what’s happening in our bio-economical group – have shown me and the rest of BioCirc’s management. It is a great vote of confidence and something we are very proud of.”

BioCirc board member Jens Bak Ibsen adds, “It is with great humility that the Board has received this signal from both shareholders and employees and at the extraordinary general meeting, we will seek approval of a formal mandate to carry out a supplementary financing round so that we can meet the high investor demand from our employees in particular.”

Beginning in Q2 of 2025, BioCirc will launch three major projects, supported by two internal funding rounds. The company’s flagship effort—expanding the Vinkel Biogas plant—will scale capacity from 430,000 tons to a staggering 1.1 million tons of biomass, positioning it as a global leader in biogas production.

But the ambitions don’t stop there. A grass-protein facility will be added to the Skive site, aligning with Denmark’s green tripartite agreement and land conversion objectives. Surrounding the facility, BioCirc plans to install a 55-hectare solar park, which is expected to deliver its first renewable power to the grid by May 2025. This setup will not only power operations directly but will also serve as a grid-balancing battery to support Denmark’s evolving energy infrastructure.

BioCirc will construct five carbon capture plants in Skive, Viborg, Vesthimmerland, Favrskov, and Haderslev in a bold expansion of its climate impact strategy. These sites are projected to sequester 1 million tons of CO₂, helping municipalities meet aggressive climate action goals. The initiative is backed by BioCirc’s share of Denmark’s NECCS pool, a DKK 1 billion government fund from 2026 to 2032.

Founded in 2021, BioCirc aims to phase out fossil fuel dependency through land-based, circular energy ecosystems. By producing electricity, gas, fuel, and heat via interconnected energy clusters, the company enables municipalities to adopt low-carbon, localized energy solutions.

“We are one of the largest biomethane producers globally and a world-class developer, owner and operator of integrated circular energy clusters,” says the company.

BioCirc owns and operates eight biogas plants across Denmark, generating 1.5 TWh of renewable energy annually while cutting CO₂ emissions by 361,000 tonnes per year. Additionally, 5 GWh of renewable electricity capacity is in development.

Backed by a robust ownership structure—including the DLG Group and its network of 25,000 Danish farmers—BioCirc is evolving from a biogas operator to a cross-border energy cluster developer.

With over 300 full-time employees and operational hubs in Middelfart and Copenhagen, BioCirc is not just scaling infrastructure—it’s reshaping Denmark’s clean energy future.