GMT, a designer, developer, owner and operator of biomethane infrastructure, has secured a £195 million project finance facility from ING to support the delivery of its UK biomethane platform.
The financing, structured as a non-recourse, multi-project debt facility, represents a significant milestone for GMT and reflects growing investor confidence in biomethane as a core component of the UK’s energy infrastructure.
The facility includes an initial £80 million committed tranche and an accordion facility of up to £115 million to support future platform expansion.
This structure enables GMT to scale deployment across a portfolio of assets, addressing one of the sector’s long-standing challenges: the ability to finance and replicate projects efficiently at scale.
Unlike traditional corporate financing, the facility is secured against individual projects and their contracted revenues, underlining the strength of GMT’s development model, feedstock strategy, and offtake agreements.
Gianluca Greenaway, CEO and Co-Founder of GMT, said:
“Securing project finance at this scale reflects the strength of our projects and the robustness of our commercial model to deliver over 700GWh of carbon negative biomethane. It also marks a key milestone in our 2030 vision to create 1TWh of energy for the UK – equivalent to around 15% of the UK’s 2024 imports from Qatar.
It allows us to move from individual developments to a more scalable, repeatable infrastructure model – which is critical to delivering biomethane at the pace the UK energy system now requires.”
GMT’s approach centres on developing standardised, high performance assets using our plug flow technology that can be replicated across multiple sites. This model supports more efficient financing, reduces development risk, and accelerates deployment.
Biomethane is increasingly recognised as critical infrastructure within the UK energy system, providing dispatchable biomethane, supporting energy security, and contributing to carbon reduction targets.
GMT’s projects are designed as multi-output assets, generating biomethane, biogenic CO₂, and nutrient-rich biofertiliser – creating diversified revenue streams and strengthening overall project economics.
The financing positions GMT to accelerate project delivery while supporting the UK’s transition toward a more resilient, domestically sourced energy system.
GMT extends its thanks to the team at ING for their support, as well as to its partners and advisors, including Longspur Capital, Gowling WLG, and Jones Day, for their role in getting this facility over the line.