renewable natural gas (RNG)
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Cross-sector Fleets Sign Fuel Deals With Clean Energy to Supply Clean Renewable Natural Gas
Businesswire· 2025-10-30 10:30
Core Insights - Clean Energy Fuels Corp. has announced new agreements to expand the use of renewable natural gas (RNG) across the United States [1] - The company has also increased its customer base for bulk liquefied natural gas (LNG), including partnerships with multiple space companies [1] Summary by Category Agreements and Partnerships - The new agreements focus on the utilization of ultraclean and affordable RNG, along with operations and maintenance services [1] - The expansion of RNG usage indicates a growing trend towards cleaner fuel options in the transportation market [1] Customer Base Expansion - Clean Energy Fuels Corp. has successfully grown its customer base for bulk LNG, highlighting its appeal to various sectors, including the space industry [1]
OPAL Fuels Announces Third Quarter 2025 Earnings Release Date and Conference Call
Businesswire· 2025-10-22 20:15
Core Insights - OPAL Fuels will release its earnings results for Q3 2025 on November 6, 2025, with a conference call scheduled for November 7, 2025 [1][2] - The company is a leader in the production, marketing, and distribution of renewable natural gas (RNG) and compressed natural gas (CNG) for heavy-duty trucking [1][3] Company Overview - OPAL Fuels specializes in capturing and converting biogas into low carbon intensity RNG and renewable electricity [3] - The company focuses on marketing and distributing RNG to heavy-duty trucking and other hard-to-decarbonize industrial sectors [3] - OPAL Fuels aims to reduce harmful methane emissions and contribute to decarbonizing the economy [3] Recent Developments - OPAL Fuels, in collaboration with South Jersey Industries and Atlantic County Utilities Authority, announced the commercial operation of an RNG facility in Egg Harbor Township, New Jersey [7] - The company appointed Lance Moll to its Board of Directors, effective October 1, 2025 [8] - OPAL Fuels completed the sale of $17.3 million of Inflation Reduction Act investment tax credits generated by the Polk RNG facility in Florida [11]
Clean Energy to Launch New Freightliner X15N Demo Truck Program at ATA's MCE in San Diego
Businesswire· 2025-10-22 10:30
Core Insights - Clean Energy Fuels Corp. is launching its second heavy-duty truck demo program featuring the 2026 Freightliner Cascadia Gen 5 day cab with the Cummins X15N natural gas engine [1] - The new truck will be showcased at the American Trucking Associations' Management Conference & Exhibition in San Diego from October 25–28 [1] Company Overview - Clean Energy Fuels Corp. is the largest provider of renewable natural gas (RNG) for the transportation industry [1]
CHAR Tech Congratulates Project Partner LNFMI for Securing New Forest Resources Processing Facility Licence
Globenewswire· 2025-09-25 12:00
Core Insights - CHAR Technologies Ltd. has achieved a significant milestone by its First Nation partners, Lake Nipigon Forest Management Inc., securing a Forest Resource Processing Facility Licence for the BioHub forestry processing facility in Ontario [1][2][3] - The BioHub will serve as the primary feedstock supplier for CHAR Tech's renewable energy facility, which is co-developed with LNFMI, with full construction expected to begin in 2026 [1][3] - The renewable energy facility is projected to generate annual revenues exceeding C$70 million from renewable fuels and biocarbon sales, supported by long-term offtake agreements [4] Company Developments - The Facility Licence approval is a generational milestone for Ontario's forestry sector and the four First Nation communities involved, enabling centralized forestry operations and new processing capacity [2][5] - CHAR Tech and LNFMI are advancing to the next funding stage for the renewable energy facility, seeking financing through project-level equity, non-repayable grants, and non-recourse debt [3][5] - The BioHub aligns with Ontario's environmental and economic development goals, contributing to the province's clean energy future and supporting Indigenous-led development [5][10] Industry Context - The BioHub reflects the objectives of the Made-in-Ontario Environment Plan and the Growth Plan for Northern Ontario, aiming to strengthen the local economy and accelerate advanced biofuels development [5][10] - CHAR Tech's high temperature pyrolysis technology processes wood and organic waste to generate renewable natural gas or green hydrogen and solid biocarbon, contributing to the global green energy transition [6][7]
Gevo’s RNG Subsidiary Closes $40 Million in New Bond Sales, Refinances Debt, and Strengthens Gevo Balance Sheet
Globenewswire· 2025-07-10 20:05
Company Overview - Gevo, Inc. is a diversified energy company focused on producing renewable products, including synthetic aviation fuel, motor fuels, and chemicals, aimed at enhancing energy security and supporting rural economic growth [4] - The company operates one of the largest dairy-based renewable natural gas (RNG) facilities in the U.S. and has an ethanol plant with a carbon capture and sequestration facility [4] Recent Financial Developments - Barclays Capital Inc. has purchased $40 million of newly issued non-recourse tax-exempt private activity bonds for Gevo's subsidiary, Gevo NW Iowa RNG, LLC, which will refinance $40 million of previously issued bonds [1] - This refinancing allows Gevo to release $40 million of restricted cash and improve its balance sheet liquidity by approximately $30 million after transaction costs [1][2] Renewable Natural Gas Operations - Gevo RNG generates RNG by collecting manure from dairy farms and using anaerobic digesters to produce biogas, which is refined for use as a sustainable transportation fuel [3] - The company has received CARB certification for a carbon intensity score of negative 339 gCO2e/MJ, which will be used for California's Low Carbon Fuel Standard credits, potentially yielding over 175,000 metric tons of greenhouse gas emissions reductions annually [3] Future Plans - Gevo plans to release additional restricted cash later in the year by refinancing the remaining balance of the previous bonds through another series of 2025 Bonds [2] - The company is exploring opportunities for scaling and margin expansion in its RNG business and aims to leverage synergies with its other business lines [3]
Gevo Promotes Leke Agiri to Chief Financial Officer
GlobeNewswire News Room· 2025-05-27 20:01
Core Viewpoint - Gevo, Inc. has appointed Oluwagbemileke (Leke) Agiri as Chief Financial Officer, effective May 21, 2025, succeeding L. Lynn Smull, who will take on a new role as Executive Vice President and Senior Advisor to the CEO [1][2][3] Group 1: Leadership Transition - Leke Agiri has extensive experience in corporate finance and capital markets, having served in key leadership roles at Gevo since August 2022, most recently as Executive Vice President, Finance [2] - Lynn Smull expressed confidence in Agiri's capabilities and emphasized the importance of a smooth transition as he approaches retirement [3] - Patrick Gruber, CEO of Gevo, highlighted Agiri's integral role in the finance team and the company's commitment to long-term succession planning [4] Group 2: Company Overview - Gevo is a diversified energy company focused on producing cost-effective, renewable fuels that enhance energy security and support rural economic growth [5] - The company operates one of the largest dairy-based renewable natural gas facilities in the U.S. and an ethanol plant with carbon capture and sequestration capabilities [5] - Gevo is also known for its innovative technology in producing synthetic aviation fuel and specialty alcohol-to-jet fuels, contributing to the U.S.'s leadership in energy innovation [5]
CHAR Tech Closes C$2M Private Placement with The BMI Group
Globenewswire· 2025-05-12 12:00
Core Points - CHAR Technologies Ltd. has successfully completed a C$2,000,000 non-brokered private placement with The BMI Group, as part of a strategic partnership [1][3] - The partnership aims to advance the Thorold Renewable Energy Facility and initiate engineering design work for the Bioveld North Espanola project [2] - The company issued 10,000,000 common shares at a price of CDN$0.20 per share, with proceeds intended for general working capital and ongoing development activities [3] Company Overview - CHAR Technologies utilizes first-in-kind high temperature pyrolysis (HTP) technology to process unmerchantable wood and organic waste, generating renewable natural gas (RNG) or green hydrogen, and solid biocarbon [6] - The HTP technology aligns with the global green energy transition by diverting waste from landfills and producing sustainable clean energy for heavy industry decarbonization [7]