TBEC was founded in 2003 to develop, design, finance, construct and operate biogas projects for heat and electricity generation, using waste water discharged from agricultural industries as raw material.

PEMF was the leading sponsor and holds the majority in the start-up company TBEC. As the Managing Director of PEMF, Mr. Lehdonvirta was responsible to develop and implement the business concept and the company structure. Later, as a Board Member and Chairman of TBEC, Mr. Lehdonvirta had a key role in hiring TBEC’s key personnel and in establishing the key commercial contracts.