Chesapeake Utilities Corporation Completes Commissioning of Full Circle Dairy Renewable Natural Gas Facility in Florida
Chesapeake Utilities (NYSE: CPK) has completed its renewable natural gas (RNG) facility at Full Circle Dairy in Lee, Florida. The $22 million facility, which began operations in June 2024, is expected to produce 100,000 dekatherms annually. The project will capture over 1,100 metric tons of methane yearly, equivalent to powering 3,500 homes. Since June, the facility has already produced and injected over 18,000 dekatherms of RNG. The RNG is transported by Marlin Gas Services via virtual pipeline to Yulee, Florida, for distribution in Nassau County.
Chesapeake Utilities (NYSE: CPK) ha completato la sua struttura di gas naturale rinnovabile (RNG) presso Full Circle Dairy a Lee, in Florida. La struttura, del valore di 22 milioni di dollari, ha iniziato le operazioni a giugno 2024 ed è prevista per produrre 100.000 dekaterm annualmente. Il progetto catturerà oltre 1.100 tonnellate metriche di metano all'anno, equivalenti all'energia necessaria per alimentare 3.500 abitazioni. Da giugno, la struttura ha già prodotto e iniettato oltre 18.000 dekaterm di RNG. Il RNG è trasportato da Marlin Gas Services tramite un'oleodotto virtuale a Yulee, in Florida, per la distribuzione nella contea di Nassau.
Chesapeake Utilities (NYSE: CPK) ha completado su instalación de gas natural renovable (RNG) en Full Circle Dairy en Lee, Florida. La instalación de 22 millones de dólares comenzó operaciones en junio de 2024 y se espera que produzca 100,000 dekaterm anualmente. El proyecto capturará más de 1,100 toneladas métricas de metano al año, equivalente a la energía necesaria para alimentar 3,500 hogares. Desde junio, la instalación ya ha producido e inyectado más de 18,000 dekaterm de RNG. El RNG es transportado por Marlin Gas Services a través de un oleoducto virtual a Yulee, Florida, para su distribución en el Condado de Nassau.
체사피크 유틸리티(뉴욕증권거래소: CPK)가 플로리다주 리에 있는 풀 서클 다리농장에서 재생 가능 천연가스(RNG) 시설을 완공했습니다. 2200만 달러 규모의 이 시설은 2024년 6월에 가동을 시작했으며 연간 100,000 데카테름을 생산할 것으로 예상됩니다. 이 프로젝트는 매년 1,100톤 이상의 메탄을 포집하여 3,500 가구에 전력을 공급할 수 있습니다. 6월 이후, 이 시설은 이미 18,000 데카테름 이상의 RNG를 생산하여 주입했습니다. RNG는 마를린 가스 서비스에 의해 가상의 파이프라인을 통해 플로리다주 율리로 운반되어 나소 카운티에서 분배됩니다.
Chesapeake Utilities (NYSE: CPK) a achevé sa station de gaz naturel renouvelable (RNG) à Full Circle Dairy à Lee, en Floride. La station, d’une valeur de 22 millions de dollars, a commencé ses opérations en juin 2024 et devrait produire 100 000 dekatherms par an. Le projet va capturer plus de 1 100 tonnes métriques de méthane chaque année, ce qui équivaut à fournir de l’énergie à 3 500 foyers. Depuis juin, la station a déjà produit et injecté plus de 18 000 dekatherms de RNG. Le RNG est transporté par Marlin Gas Services via un pipeline virtuel vers Yulee, en Floride, pour sa distribution dans le comté de Nassau.
Chesapeake Utilities (NYSE: CPK) hat seine Einrichtung für erneuerbares Erdgas (RNG) in Full Circle Dairy in Lee, Florida, abgeschlossen. Die 22 Millionen Dollar teure Einrichtung nahm im Juni 2024 den Betrieb auf und soll jährlich 100.000 Dekathermen produzieren. Das Projekt wird über 1.100 metrische Tonnen Methan pro Jahr erfassen, was der Energieversorgung von 3.500 Haushalten entspricht. Seit Juni hat die Einrichtung bereits über 18.000 Dekathermen RNG produziert und eingespeist. Das RNG wird von Marlin Gas Services über eine virtuelle Pipeline nach Yulee, Florida, transportiert, um im Nassau County verteilt zu werden.
- Completed $22 million RNG facility expected to produce 100,000 dekatherms annually
- Already produced and injected over 18,000 dekatherms since June 2024
- Environmental impact equivalent to powering 3,500 homes annually
- Vertical integration across entire energy delivery value chain
- None.
Insights
The commissioning of Full Circle Dairy RNG facility marks a significant strategic milestone for Chesapeake Utilities, demonstrating vertical integration across the renewable natural gas value chain. The
The project's economics are compelling - capturing methane from dairy operations creates both environmental value through emissions reduction and commercial value through RNG sales. The facility's ability to offset emissions equivalent to powering 3,500 homes annually enhances CPK's ESG profile while generating predictable revenue streams. The virtual pipeline transportation model through Marlin Gas Services showcases operational synergies within CPK's subsidiaries.
This project represents a scalable model for future RNG developments and strengthens CPK's position in the growing renewable natural gas market. The successful execution and early production metrics indicate strong potential for similar projects across CPK's service territories.
The innovative RNG production facility showcases Chesapeake Utilities' strategic execution across the entire energy delivery value chain
"The RNG facility at FCD is a great example of our ability to leverage our expertise across the entire energy delivery value chain -- from production to virtual pipeline transportation, injection, transmission and distribution – while supporting our strategic focus on prudent capital deployment," said Jeff Householder, board chair, president and CEO. "We share FCD's commitment to innovative approaches that result in a more sustainable future for customers and our local communities.
FPU Renewables LLC, a subsidiary of Florida Public Utilities (FPU), built and operates the new RNG facility in
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, virtual pipeline services and solutions, and other businesses. For more information, visit www.chpk.com.
Media Contact:
Alexander Nye
Director, Strategic Communications
(727) 754-0136
ANye@chpk.com
Investor Relations Contact:
Lucia M. Dempsey
Head of Investor Relations
347.804.9067
LDempsey@chpk.com
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SOURCE Chesapeake Utilities Corporation
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