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's activity report 2022

Bioforce OÜ is a company dealing with the construction of CNG stations, biomethane stations and other gas and biogas technological facilities. The company provides services both as a main contractor and as a designer and installer of solutions.

In 2022, the largest project was the construction of the Ebavere biomethane station, which will be completed in 2023. The construction and successful commissioning of the reconstruction works of the Aravete biomethane station were also completed. In 2022, preparations were also made for the installation of 4 compressor stations at the Kadaka tee natural gas station and the establishment of a biomethane unloading point, and design and construction works were carried out.

As the consumption of biomethane in Estonia is still higher than production, Bioforce OÜ will also start building and designing several new stations in 2023. Considering the Ukraine-Russia war and the possible problems with natural gas supplies resulting from it, Bioforce

OÜ sees even more growth in the demand for biomethane, which further increases the demand for know-how in the construction of biomethane stations.

The company is prepared for an increase in loan interest margins, especially a possible increase in Euribor, but such rapid growth as in 2022 does not have a significant impact on Bioforce, as the volume of loans is small.

After the balance sheet date, Bioforce OÜ has not made significant investments or changes in its business plan.

Bioforce OÜ has been part of the Bioforce Group OÜ since November 2022, and therefore plans to implement the same ESG principles that have been implemented in other group companies.

For Bioforce Group OÜ, it is important to implement environmental, social and sustainable management principles in daily operations and in the development of future business plans. The ESG goals listed below have been selected as the most important for Bioforce Group OÜ: Goal 7: Ensure affordable, reliable, sustainable and modern energy for all Goal 11: Make cities and settlements inclusive, safe, adaptable,