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Ellex Assists with Establishment of First Biofuel Exchange in Denmark

Ellex Assists with Establishment of First Biofuel Exchange in Denmark

Lithuania
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Ellex has consulted Baltpool, the Lithuanian Energy Exchange operator, on launching the BiomassPool Aps biofuel exchange in Denmark with Kenneth Lykkedal, a Danish energy entrepreneur.

As reported by Baltpool, Denmark consumes approximately 4 million tonnes of wood-chips (twice as much as in Lithuania) and 1.5 million tonnes of straw annually, and the Danish biomass market is expected to grow by an additional 50% in the near future. The Baltic States are among the key biomass suppliers in the Danish market, and Lithuanian companies are therefore expected to become active participants of the Danish biomass exchange.

The Ellex team consisted of Partner Vytautas Mizaras and Junior Associate Arminas Magyla.

 

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COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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