OPAL Fuels Begins Construction on California Renewable Natural Gas Production Facility
OPAL Fuels (Nasdaq: OPAL) has started construction on a new landfill-gas-to-RNG facility at the Kirby Canyon Landfill in Santa Clara County, California. The facility, fully owned by OPAL Fuels, will have an initial annual design capacity of 0.66 million MMBtus, capable of producing approximately 5.1 million gas gallons equivalent of renewable natural gas annually. The project will capture biogas from organic material decomposition and convert it into RNG, which will be distributed through OPAL's fueling station network to heavy-duty trucks as an alternative to diesel fuel. This marks OPAL's 17th RNG project and their first in California.
OPAL Fuels (Nasdaq: OPAL) ha avviato la costruzione di un nuovo impianto di conversione da gas di discarica a gas naturale rinnovabile presso la discarica di Kirby Canyon nella Contea di Santa Clara, California. L'impianto, interamente di proprietà di OPAL Fuels, avrà una capacità di progettazione annuale iniziale di 0,66 milioni di MMBtu, capace di produrre circa 5,1 milioni di galloni di gas equivalenti di gas naturale rinnovabile annualmente. Il progetto catturerà il biogas dalla decomposizione di materiale organico e lo trasformerà in RNG, che sarà distribuito attraverso la rete di stazioni di rifornimento di OPAL per camion pesanti come alternativa al diesel. Questo segna il 17° progetto di RNG di OPAL e il primo in California.
OPAL Fuels (Nasdaq: OPAL) ha comenzado la construcción de una nueva planta de gas de vertedero a gas natural renovable en el vertedero de Kirby Canyon en el Condado de Santa Clara, California. La planta, de propiedad total de OPAL Fuels, tendrá una capacidad de diseño anual inicial de 0.66 millones de MMBtu, capaz de producir aproximadamente 5.1 millones de galones de gas equivalentes de gas natural renovable anualmente. El proyecto capturará biogás de la descomposición de material orgánico y lo convertirá en RNG, que será distribuido a través de la red de estaciones de servicio de OPAL a camiones pesados como alternativa al combustible diésel. Este es el 17° proyecto de RNG de OPAL y el primero en California.
OPAL Fuels (Nasdaq: OPAL)는 캘리포니아 주 산타클라라 카운티의 커비 캐니언 매립지에서 새로운 매립가스를 RNG로 전환하는 시설의 건설을 시작했습니다. OPAL Fuels가 전적으로 소유하는 이 시설은 연간 초기 설계 용량이 0.66백만 MMBtu로, 연간 약 5.1백만 갤런의 재생 가능한 천연가스를 생산할 수 있습니다. 이 프로젝트는 유기물 분해로 발생한 바이오가스를 포집하고 이를 RNG로 전환하여 OPAL의 연료 충전소 네트워크를 통해 중형 트럭에 디젤 연료 대신 공급할 예정입니다. 이는 OPAL의 17번째 RNG 프로젝트이자 캘리포니아에서의 첫 번째 프로젝트입니다.
OPAL Fuels (Nasdaq: OPAL) a commencé la construction d'une nouvelle installation de conversion du gaz de décharge en gaz naturel renouvelable à la décharge de Kirby Canyon dans le comté de Santa Clara, en Californie. L'installation, entièrement détenue par OPAL Fuels, aura une capacité de conception initiale de 0,66 million de MMBtu, capable de produire environ 5,1 millions de gallons équivalents de gaz naturel renouvelable par an. Le projet capturera le biogaz issu de la décomposition de matériaux organiques et le transformera en RNG, qui sera distribué via le réseau de stations de recharge d'OPAL aux camions lourds en tant qu'alternative au diesel. Cela marque le 17ème projet de RNG d'OPAL et le premier en Californie.
OPAL Fuels (Nasdaq: OPAL) hat mit dem Bau einer neuen Anlage zur Umwandlung von Deponiegas in erneuerbares Erdgas (RNG) auf der Deponie Kirby Canyon im Santa Clara County, Kalifornien, begonnen. Die vollständig im Besitz von OPAL Fuels befindliche Anlage wird eine anfängliche jährliche EntwurfsKapazität von 0,66 Millionen MMBtu haben und könnte jährlich etwa 5,1 Millionen Gallonen äquivalentes erneuerbares Erdgas produzieren. Das Projekt wird Biogas aus der Zersetzung organischer Materialien erfassen und in RNG umwandeln, das über das Tankstellennetz von OPAL an Nutzfahrzeuge als Alternative zu Dieselkraftstoff verteilt wird. Dies markiert das 17. RNG-Projekt von OPAL und das erste in Kalifornien.
- 100% ownership of the new RNG facility
- Production capacity of 5.1 million gas gallons equivalent annually
- Expansion into California market with 17th RNG project
- Established distribution network through existing fueling stations
- None.
Insights
The commencement of OPAL Fuels' new RNG facility construction marks a significant milestone, representing their first California project and 17th overall RNG facility. With an annual design capacity of 0.66 million MMBtus, capable of producing 5.1 million gas gallons equivalent of RNG annually, this project demonstrates meaningful production scale. The strategic location in Santa Clara County positions OPAL to tap into California's robust RNG market and beneficial regulatory environment.
The vertical integration approach - from production to distribution through their fueling station network - creates multiple revenue streams and operational efficiencies. The project's economics benefit from California's Low Carbon Fuel Standard (LCFS) credits and federal Renewable Identification Numbers (RINs), potentially generating substantial recurring revenue. This expansion into California's market should strengthen OPAL's competitive position in the growing RNG sector.
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106306582/en/
For OPAL Fuels
Todd Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
investors@opalfuels.com
Media
Zach Gorin
ICR, Inc.
OPALFuelsPR@icrinc.com
Source: OPAL Fuels, Inc.
FAQ
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