The initial challenge
The Euralis Cooperative Group supports 5,400 farmers in Southwestern France in collecting and marketing their plant and animal products. Decarbonizing their industrial activities is central to their environmental strategy. The Lescar site required significant decarbonization for its drying operations that are currently based on gas-fired heat production. The high investment costs to finance this decarbonization project could not be borne entirely in-house as other major projects also required capital.
Only one option, Give it your all
The SOFIAC solution has removed the obstacles to Lescar’s decarbonization project by financing 100% of the required investments. Euralis will thus benefit from a significant decarbonization project without having to invest a single Euro while becoming the sole owner of the new facilities.
Results
- Over €10M invested by SOFIAC
- 2,850 tonnes of CO2eq avoided per year, equivalent to nearly 1,500 round-trip flights between Paris and New York
- 66% in reduced natural gas consumption
- 4,500 tonnes of corn residue reused for energy production.
- Avoided CAPEX
- Energy independence
- No impact on debt ratios
- Stabilization of production costs
- Asset ownership transfer to the client
- Operational resilience
- Brand image
SOFIAC stood out with its offer, responsiveness, and ability to finance this multi-energy, multi-technology project.Olivier RebenneHead of Energy at Euralis and Lescar Decarbonization Project Manager