Controversial biogas firm loses millions

In 2024, the controversial biogas company BioCirc has incurred a loss of 200 million kroner, a considerable increase from the previous year’s deficit of 11 million kroner. The company has been publicly embroiled in disputes involving its management, board, and owners since the new year. Five of seven board members attempted to remove CEO Bertel Maigaard over differing leadership views, with Maigaard resisting the ouster. Soon after, Michael Haaning, chairman, and two members from grovvarekoncernen DLG resigned. Maigaard addressed criticism of his leadership style in a press release, acknowledging the frustration he caused among some employees and expressing intent to resolve these issues. BioCirc’s revenue has risen to nearly 1.5 billion kroner from 1.15 billion the previous year, despite mixed financial results in the fourth quarter, partly affected by an