Target Information

Fortistar, in partnership with Rumpke Waste & Recycling and Chesapeake Utilities Corporation, has initiated the Noble Road Landfill Renewable Natural Gas (RNG) Project, a significant $33 million investment located in Shiloh, Ohio. This ambitious project aims to extract and convert waste methane from the landfill into Renewable Natural Gas, subsequently distributed via Aspire Energy’s pipeline network, an affiliate of Chesapeake Utilities Corporation. The operation is expected to capture approximately 20,323 tons of methane emissions annually, which equivalently reduces carbon dioxide emissions by around 49,940 tons each year.

In addition to environmental benefits, the project will produce an estimated 6.9 million gallons of gasoline gallon equivalents (GGE) per year, sufficient to fuel approximately 725 biofuel trucks, thereby displacing conventional diesel fuel. This initiative is also expected to create around 35 to 40 construction jobs and three permanent green operations jobs, promoting both sustainable energy generation and local employment opportunities in the community.

Industry Overview in Ohio

The waste management and renewable energy sectors in Ohio are evolving rapidly, propelled by an increased focus on sustainability and emissions reduction. With an emphasis on greener practices, businesses and state agencies alike are exploring innovative solutions to optimize waste management processes. The state has significant landfill capacities, which can be transformed into sources of renewable energy through advanced technology and partnerships.

Ohio has positioned itself as a leader within the renewable energy domain, with various policies in place fostering investment in renewable projects. The state actively promotes the adoption of Renewable Natural Gas, establishing frameworks to support projects that harness waste and convert it to energy, thus reducing the carbon footprint across different sectors.

As the infrastructure to support RNG expands, industry participants are increasingly collaborating to enhance energy systems while promoting sustainability. Initiatives like the Noble Road Project not only contribute to regional energy supplies but also facilitate a broader transition towards cleaner energy alternatives in the transportation sector, which is a significant contributor to greenhouse gas emissions.

Furthermore, leading firms in the waste management industry are recognizing their role in driving positive environmental change. Companies like Rumpke Waste & Recycling are setting benchmarks for operational excellence and sustainable practices, thereby gaining recognition in the market as pioneers of eco-friendly initiatives.

Rationale Behind the Deal

This deal aligns with the strategic vision of Fortistar, Rumpke, and Chesapeake Utilities Corporation aimed at tackling climate change through innovative renewable energy solutions. By repurposing captured methane for energy production rather than flaring or releasing it into the atmosphere, the Noble Road Project exemplifies an environmentally responsible approach to waste management.

Moreover, the collaboration among these entities illustrates a synergy of expertise, resources, and technology, creating a scalable model for integrating RNG solutions into existing energy infrastructures. The anticipated job creation and economic development components bolster community support and establish a sustainable framework for future projects.

Information About the Investor

Fortistar is a privately held investment firm dedicated to addressing global challenges through sustainable solutions and innovative technologies. With a robust portfolio in renewable energy projects, they are committed to developing initiatives that minimize greenhouse gas emissions while promoting economic growth through environmental responsibility. Fortistar's experience in transforming waste into clean energy positions it as a key player within the renewable sector.

Rumpke Waste & Recycling stands as one of the largest privately-owned waste management firms in the nation, boasting a rich history since 1932. The company prides itself on its commitment to environmental stewardship and sustainable waste handling practices. Its capabilities in waste-to-energy solutions underscore its dedication to innovative approaches that contribute positively to both local and national energy needs.

View of Dealert

The Noble Road Landfill RNG Project presents a compelling investment opportunity with multiple benefits. By converting methane emissions into renewable energy, the project not only aids in meeting state and national sustainability goals but also positions the involved parties as leaders in the growing RNG market. The innovative technology allows for the efficient purification of landfill gas, ensuring a high-quality product that meets pipeline standards.

From an environmental perspective, capturing methane significantly curtails greenhouse gas emissions, a crucial factor in fighting climate change. The positive community impact, through job creation and sustainable development, enhances the long-term viability of this investment. As public consciousness shifts towards sustainability, entities involved in the RNG space are likely to garner increased support, benefitting from future regulatory incentives and market demand.

Furthermore, with Fortistar’s ambitious renewable fuels growth strategy and the ongoing commitment from Rumpke and Chesapeake Utilities, this project is more than just a crucial step towards decarbonization; it reflects a foundational shift in how waste management and energy generation intersect. This investment could serve as a model for similar future initiatives across the U.S. and beyond.

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