UGI Corp subsidiary invests in US RNG project
UGI Corporation’s subsidiary, UGI Energy Services, has invested in New Energy One HoldCo, part of the team developing a utility-scale RNG project in Idaho, US.
The Idaho RNG project is being developed by Sevana Bioenergy, an affiliate of New Energy One HoldCo and Meridiam, a global independent investment Benefit Corporation and asset manager of sustainable public infrastructure.
The project, currently generating renewable electricity, is expected to produce several hundred million cubic feet of RNG each year from on-site dairy waste feedstock, once it has expanded to reach full production in 2022. Initial RNG production is expected to commence in late 2021.
Sevana Bioenergy, based in California, develops, designs, owns and operates large-scale anaerobic digestion projects which produce RNG and organic-based soil amendments. Using state-of-the-art technology, engineering, and design, Sevana is a major RNG producer in the US.
“Sevana’s team believes in building value for all the stakeholders in our projects,” said John McKinney, Sevana’s president. “We are pleased to be working with such great partners in developing RNG projects. UGI brings a unique and complementary set of capabilities to this project.”
Robert F Beard, UGI’s executive vice president of natural gas, said: “For over 135 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves.
“We are excited about the partnership we have developed with both Sevana and its associated holding company.
“Adding the Idaho investment to our portfolio further advances UGI’s commitment to the development of sustainable fuels for the future and we are looking forward to making incremental investments in this sector.”
The Idaho RNG project is being developed by Sevana Bioenergy, an affiliate of New Energy One HoldCo and Meridiam, a global independent investment Benefit Corporation and asset manager of sustainable public infrastructure.
The project, currently generating renewable electricity, is expected to produce several hundred million cubic feet of RNG each year from on-site dairy waste feedstock, once it has expanded to reach full production in 2022. Initial RNG production is expected to commence in late 2021.
Sevana Bioenergy, based in California, develops, designs, owns and operates large-scale anaerobic digestion projects which produce RNG and organic-based soil amendments. Using state-of-the-art technology, engineering, and design, Sevana is a major RNG producer in the US.
“Sevana’s team believes in building value for all the stakeholders in our projects,” said John McKinney, Sevana’s president. “We are pleased to be working with such great partners in developing RNG projects. UGI brings a unique and complementary set of capabilities to this project.”
Robert F Beard, UGI’s executive vice president of natural gas, said: “For over 135 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves.
“We are excited about the partnership we have developed with both Sevana and its associated holding company.
“Adding the Idaho investment to our portfolio further advances UGI’s commitment to the development of sustainable fuels for the future and we are looking forward to making incremental investments in this sector.”
