Montauk Renewables, via its subsidiary Bowerman Power LFG, has unveiled plans for the development of a renewable natural gas (RNG) landfill gas project. This project is set to be located in Irvine, California at the Frank R. Bowerman Landfill, subject to approval of the required environmental review (CEQA). The proposed development is slated to be […]
BurTech Acquisition, a blank check company, and CleanBay Renewables, an enviro-tech company, are planning to combine their businesses in a transaction that values the latter at $330 million. In this regard, the publicly traded special purpose acquisition company (SPAC) has signed a letter of intent (LoI) with the late-stage enviro-tech company. Under the proposed agreement, […]
British multinational oil and gas company BP has completed the previously announced acquisition of Archaea Energy, a renewable natural gas (RNG) producer, for an enterprise value of around $4.1bn, including about $800 million of net debt. BP is anticipated to increase the company’s footprint in the US biogas industry. The acquisition is also expected to […]
BP acquisition of Archaea Energy : Oil and gas giant BP has announced a $3.3 billion all-cash deal to acquire Archaea Energy Inc., an American producer of renewable natural gas (RNG), in a move to expand and expedite the growth of its bioenergy business. BP will also assume nearly $800 million of net debt of […]
H.I.G. Capital has acquired a controlling stake in Northern Biogas, a waste-to-renewable natural gas company based in West Virginia that specializes in developing renewable natural gas facilities (RNG facilities). The financial terms of the deal were not disclosed. Ed Pallesen — H.I.G. Infrastructure Co-head said: “We have a strong commitment to facilitating the transition to […]
Vanguard Renewables, an American organics-to-renewable energy developer, has been acquired from a fund managed by BlackRock Real Assets from Vision Ridge Partners for an undisclosed price. Based in Wellesley, Massachusetts, Vanguard Renewables develops food and dairy waste-to-renewable energy projects. Founded in 2014, the company has on-farm anaerobic digester facilities, which it owns and operates in […]
Nikola Corporation has signed a memorandum of understanding (MoU) with OPAL Fuels for co-developing and constructing hydrogen fueling stations and related infrastructure in North America and the use of renewable natural gas (RNG) in the production of hydrogen. While Nikola is a provider of zero-emissions transportation and energy infrastructure solutions, OPAL Fuels delivers renewable natural […]
Energy infrastructure giant Kinder Morgan (KMI) has agreed to acquire renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million. Based in Indianapolis, Kinetrex Energy supplies liquefied natural gas (LNG) in the US Midwest. Under long-term contracts to transportation service providers, the company also produces and supplies renewable natural gas […]