South Jersey Industries and OPAL Fuels Announce the Signing of Renewable Natural Gas Joint Venture
21 September 2023 - 9:00PM
Business Wire
RNG facilities to produce renewable low-carbon,
low-cost fuel to displace diesel
South Jersey Industries (SJI), an energy infrastructure holding
company, and OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically
integrated producer and distributor of renewable natural gas (RNG)
and renewable energy, announced they have entered into a 50/50
joint venture to develop, construct, own and operate RNG
facilities. The first facility (the “Atlantic RNG facility”) will
be at the Atlantic County Utilities Authority (ACUA) solid waste
landfill in Egg Harbor Township, New Jersey.
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“This project is consistent with our comprehensive clean energy
plan, Leading the Way,” said Mike Renna, President & CEO, South
Jersey Industries. “Its implementation underscores our current
progress and renewed vision to achieve Scope 1 and 2 carbon-neutral
operations by 2040 and lead our employees, customers, and
communities to a better today and tomorrow. This and future
projects with OPAL Fuels will permit us to accelerate achieving
these goals.”
“The development of the Atlantic RNG facility with SJI marks
just the beginning of our relationship, as together we will bring
more production and distribution of RNG to New Jersey,” said
Jonathan Maurer, Co-CEO of OPAL Fuels. “This joint venture furthers
OPAL Fuels’ growth strategy as we look forward to leveraging our
operational expertise to work with landfills to maximize the value
of their resource and meet their ESG goals faster by displacing
diesel fuel with RNG in heavy-duty truck fleets.”
The Atlantic RNG facility will capture naturally occurring
biogas, made up in large part by methane from the landfill, which
will be upgraded to meet the required quality standards for
distribution and sale. The Atlantic RNG facility is anticipated to
have a nameplate capacity of 2,500 SCFM of landfill gas and is
expected to produce more than 603,000 MMBtu or nearly 4.8 million
gasoline gallon equivalent (GGE) per year of RNG.
The new Atlantic RNG facility will replace a previously
decommissioned power plant and the RNG will be injected into the
South Jersey Gas network, an SJI subsidiary, making this project
the first of its kind in the gas company’s natural gas distribution
system.
About SJI SJI is an energy infrastructure holding company
based in Folsom, NJ, which delivers energy services to customers
through two primary subsidiaries: SJI Utilities (SJIU) and SJI
Energy Enterprises (SJIEE). SJIU houses the company’s regulated
natural gas utility operations, delivering safe, reliable, and
affordable natural gas to more than 725,000 residential,
commercial, and industrial customers across New Jersey via its
South Jersey Gas and Elizabethtown Gas subsidiaries. SJIEE houses
the company’s non-utility operations primarily focused on clean
energy development and decarbonization via renewable energy
production and energy management activities.
About OPAL Fuels Inc. OPAL Fuels Inc. (Nasdaq: OPAL) is a
leading vertically integrated producer and distributor of renewable
natural gas (RNG) and renewable electricity. RNG is a proven
low-carbon energy source that is rapidly decarbonizing multiple
sectors including the transportation and utility industries. OPAL
Fuels delivers complete renewable solutions to customers and
production partners. With a portfolio of 24 operating renewable
energy projects and many more projects in construction and
late-stage development, OPAL Fuels is positioned to advance the
clean energy transition in support of renewable energy for
transportation, utilities, EV charging infrastructure, and hydrogen
fuel solutions. To learn more about OPAL Fuels and how it is
leading the effort to capture North America’s harmful methane
emissions and decarbonize the economy, please visit
www.opalfuels.com.
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OPAL Fuels Investors Todd
Firestone Vice President Investor Relations and Corporate
Development 914-705-4001 investors@opalfuels.com
OPAL Fuels Media Jason
Stewart Senior Director Public Relations and Marketing 914-421-5336
jstewart@opalfuels.com
ICR, Inc. OPALFuelsPR@icrinc.com
SJI Media Krystle Straus
Director, External Communications 609-561-9000 (ext. 4131)
kstraus@sjindustries.com
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