OPAL Fuels RNG production leapt by 41% for 2024

OPAL Fuels, a vertically integrated leader in the capture and conversion of biogas into low carbon intensity renewable natural gas (RNG) and renewable electricity, has reported an increase of RNG production for 2024.
It produced 1.1 million and 3.8 million MMBtu for the three and 12 months ended 31 December 2024. This is an increase of 38% and 41% compared to the previous year's periods.
It also commenced operations at three landfill RNG projects in 2024, Prince William, Sapphire, and Polk, representing an aggregate annual design capacity of 3.6 million MMBtu.
This represented an increase of its aggregate annual design capacity of the company's operating RNG projects to 8.8 million MMBtu at year end 2024.
Including the projects currently in construction, aggregate annual design capacity is 11.4 million MMBtu, added OPAL Fuels.
The organisation's Fuel Station Services segment sold, dispensed, and serviced an aggregate of 41.9 million and 150.2 million GGEs of transportation fuel for the three and twelve months ended December 31, 2024, an increase of 19% and 13% compared to the prior-year periods.
Of this amount, RNG dispensed as a transportation fuel was 19.3 million and 74.0 million GGEs, respectively an increase of 54% and 69% compared to the prior-year periods.
“2024 was a solid year for OPAL Fuels, we made strong progress on our operational and strategic objectives and have positioned the company for continued success this year and for many years to come,” said Adam Comora, co-CEO of OPAL Fuels. “We have continued to scale rapidly over the last 12 months. We brought online three large landfill RNG projects totaling 3.8 million MMBtu of annual design capacity and now have 11 in operation. Our total annual design capacity for RNG projects in operation and in construction is now 11.4 million MMBtu. Our disciplined execution and vertical integration continues to drive growth of our intrinsic value as we capitalise on the growing biofuels market.
"Since becoming a public company in 2022, we have, organically, more than tripled our operating production capacity and doubled EBITDA through a combination of converting existing biogas-to-electricity plants into RNG, new RNG projects, and strong growth in our fuel station services segment. Despite near term market volatility, 2025 is expected to be another year of solid growth for OPAL Fuels," continued Comora.