OPAL Fuels Begins Construction on California Renewable Natural Gas Production Facility
WHITE PLAINS, N.Y.–(BUSINESS WIRE)–$OPAL—OPAL Fuels Inc. (Nasdaq: OPAL) announced today that construction has commenced on a new landfill-gas-to-RNG facility at the Kirby Canyon Landfill, located in Santa Clara County, California. The new facility will have an initial annual design capacity of approximately 0.66 million MMBtus and is 100% owned by OPAL Fuels.
Using proven technology, the project will capture biogas produced naturally from the decomposition of organic material from the Kirby Canyon Landfill and convert it into renewable natural gas (“RNG”), a low-carbon, low-cost transportation fuel. Approximately 5.1 million gas gallons equivalent (“GGE”) of RNG can be produced annually based on the design capacity of the plant. OPAL Fuels will distribute the RNG via its fueling station network to heavy-duty trucks that run on natural gas instead of diesel to help lower emissions from, and reduce fuel costs for, these fleets.
The Kirby RNG facility strengthens OPAL’s mission of providing “Cleaner, Cheaper, Now” sustainable energy solutions that generate environmental, social, and economic benefits for partners, fleet customers, and the local communities they serve.
“Beginning construction of our 17th RNG project, our first in California, continues the OPAL execution story of moving projects from development, through construction and into operations,” said Jonathan Maurer, co-CEO, OPAL Fuels.
About OPAL Fuels Inc.
OPAL Fuels Inc. (Nasdaq: OPAL) is a leader in the capture and conversion of biogas into low carbon intensity RNG and renewable electricity. OPAL Fuels is also a leader in the marketing and distribution of RNG to heavy duty trucking and other hard to de-carbonize industrial sectors. For additional information, and to learn more about OPAL Fuels and how it is leading the effort to capture North America’s naturally occurring methane and decarbonize the economy, please visit www.opalfuels.com.
Forward-Looking Statements
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Contacts
For OPAL Fuels
Todd Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
Media
Zach Gorin
ICR, Inc.
