The first new project, located in Michigan, is expected to produce 2 million MMBtu of pipeline quality
RNG each year. This will be one of the largest RNG projects in the country based on volume of landfill gas. The project is expected to begin commercial operations in early 2023. The second project, located in North Carolina, is expected to produce
more than 1 million MMBtu of RNG annually with anticipated commercial operations beginning in mid-2023. For these projects, OPAL Fuels will be responsible for overseeing the development, construction, and
operation of these facilities as well as marketing the RNG. OPAL Fuels also currently operates an RNG facility located at a GFL landfill site in Pennsylvania that produces approximately 890,000 MMBtu of RNG per year.
About OPAL Fuels LLC
OPAL Fuels LLC, a
FORTISTAR portfolio company, is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market. RNG is a proven ultra-low carbon fuel that is rapidly decarbonizing the transportation industry now while also significantly reducing costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles
the trapped energy into a commercially viable, low-cost alternative to diesel fuel. OPAL Fuels also develops and constructs RNG fueling stations. As a producer and distributor of carbon-reducing fuel for
heavy-duty truck fleets for over 15 years, the company delivers best-in-class, complete renewable solutions to customers and production partners. To learn more about
OPAL Fuels and how it is leading the effort to capture North Americas harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.
OPAL Fuels also previously announced an agreement for a business combination with ArcLight Clean Transition Corp. II (Nasdaq: ACTD), which is expected to
result in OPAL Fuels becoming a public company listed on the Nasdaq Stock Exchange in second quarter of 2022, subject to customary closing conditions.
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Forward-Looking Statements
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and generally relate to future events or ArcLights or the Companys future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as believe, may,
will, potentially, estimate, continue, anticipate, intend, could, would, project, target, plan, expect,
or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements, including the identification of a target business and a potential business combination or other such transaction are subject to risks and
uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and
uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by ArcLight and its