Atlantic RNG will produce renewable low-carbon,
low-cost fuel to displace diesel
Fuel to be injected into South Jersey Gas
pipeline making this project the first of its kind in the gas
company’s history
South Jersey Industries (SJI), an energy infrastructure holding
company, OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically
integrated producer and distributor of renewable natural gas (RNG)
and renewable energy, and Atlantic County Utilities Authority
(ACUA), announced that construction has commenced on a new RNG
production facility (Atlantic RNG) located at ACUA’s solid waste
landfill in Egg Harbor Township, New Jersey.
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In conjunction with OPAL Fuels, SJI is developing the Atlantic
RNG facility through its rapidly expanding subsidiary SJI Renewable
Energy Ventures (SJI Renewables), which specializes in developing
waste to energy projects throughout North America.
As part of its commitment to provide safe, reliable, affordable
energy solutions, South Jersey Gas, an SJI subsidiary, will enter
into an interconnection agreement to accept the RNG produced by
Atlantic RNG. This initiative supports the circular economy model
of production and consumption which reuses and recycles waste into
the energy we use every day.
“We have been working hard in recent years to enhance our
infrastructure to deliver the fuels of the future,” said Brent
Schomber, President of South Jersey Gas. “We are excited to work
with ACUA, SJI Renewables, and OPAL Fuels as we celebrate a new
milestone of adding RNG to our gas supply.”
“The groundbreaking of this renewable natural gas project
signifies another milestone in our companies’ collective commitment
to a sustainable energy future,” said Adam Comora, Co-CEO of OPAL
Fuels. “OPAL Fuels’ decades of experience in renewable energy
production underpins our continued focus on our growth strategy of
converting biogas resources into operating renewable energy
projects. Together with SJI and ACUA, we will help bring more
renewable fuel supply online and advance the clean energy
transition.”
Atlantic RNG, which is expected to be operational in mid-2025,
represents the first collaboration between the companies as part of
their previously announced 50/50 joint venture to develop,
construct, own and operate RNG facilities.
“We are thrilled to host this groundbreaking energy project at
our Environmental Park in Egg Harbor Township,” said ACUA President
Matthew DeNafo. “Our vision to efficiently reuse the gas generated
at the landfill to power trucks, homes and businesses is now a
reality thanks to the leadership and innovation demonstrated by the
teams at ACUA, SJI and OPAL Fuels.”
RNG or biomethane is produced from a variety of sustainable
biomass sources. Once processed, it is interchangeable as a
carbon-neutral substitute for traditional natural gas and can be
fed through the existing South Jersey Gas natural gas
infrastructure without disturbing the distribution network already
in place.
A ceremony to celebrate the commencement of construction of the
Atlantic RNG project is expected in the fourth quarter of 2023. A
media advisory with details will be distributed closer to the
event.
About SJI
South Jersey Industries (SJI), an energy infrastructure holding
company based in Folsom, NJ, delivers energy services to customers
through two primary subsidiaries: SJI Utilities (SJIU) and SJI
Energy Enterprises (SJIEE). SJIU houses the company’s regulated
natural gas utility operations, delivering safe, reliable and
affordable natural gas to more than 725,000 residential, commercial
and industrial customers across New Jersey via its South Jersey Gas
and Elizabethtown Gas subsidiaries. SJIEE houses the company’s
non-utility operations primarily focused on clean energy
development and decarbonization via renewable energy production and
energy management activities. Visit www.sjindustries.com for more
information about SJI and its subsidiaries.
About South Jersey Gas
South Jersey Gas, subsidiary of South Jersey Industries,
delivers safe, reliable, affordable natural gas and promotes energy
efficiency to more than 400,000 residential, commercial and
industrial customers in Atlantic, Cape May, Cumberland, Salem, and
portions of Gloucester, Burlington and Camden counties in New
Jersey. For more information, visit southjerseygas.com.
About OPAL Fuels Inc.
OPAL Fuels Inc. (Nasdaq: OPAL) is a leading vertically
integrated producer and distributor of renewable natural gas (RNG)
and renewable electricity. RNG is a proven low-carbon energy source
that is rapidly decarbonizing multiple sectors including the
transportation and utility industries. OPAL Fuels delivers complete
renewable solutions to customers and production partners. With a
portfolio of 25 operating renewable energy projects and many more
projects in construction and late-stage development, OPAL Fuels is
positioned to advance the clean energy transition in support of
renewable energy for transportation, utilities, EV charging
infrastructure, and hydrogen fuel solutions. To learn more about
OPAL Fuels and how it is leading the effort to capture North
America’s harmful methane emissions and decarbonize the economy,
please visit www.opalfuels.com.
About Atlantic County Utilities Authority (ACUA)
The Atlantic County Utilities Authority (ACUA) operates a
360-acre Environmental Park in Egg Harbor Township that includes a
landfill, transfer station, composting facility, and recycling
center. The Authority oversees the recycling program for Atlantic
County and currently provides waste and recycling collection
services for 24 municipalities across Atlantic, Cape May and
Cumberland Counties. The ACUA is an environmental leader and has
been recognized nationally for its efforts to incorporate
sustainability and renewable energy in its operations. For more
information, please visit www.acua.com.
Forward-Looking Statements
Certain statements in this communication may be considered
forward-looking statements within the meaning of the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that
are not historical facts and generally relate to future events or
OPAL Fuels’ (the “Company’s”) future financial or other performance
metrics. In some cases, you can identify forward-looking statements
by terminology such as “believe,” “may,” “will,” “potentially,”
“estimate,” “continue,” “anticipate,” “intend,” “could,” “would,”
“project,” “target,” “plan,” “expect,” or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. New risks
and uncertainties may emerge from time to time, and it is not
possible to predict all risks and uncertainties. These
forward-looking statements are based upon estimates and assumptions
that, while considered reasonable by the Company and its
management, as the case may be, are inherently uncertain and
subject to material change. Factors that may cause actual results
to differ materially from current expectations include various
factors beyond management’s control, including, but not limited to,
general economic conditions and other risks, uncertainties and
factors set forth in the sections entitled “Risk Factors” and
“Cautionary Statement Regarding Forward-Looking Statements” in the
Company’s quarterly report on Form 10-Q, and other filings it makes
with the Securities and Exchange Commission. Nothing in this
communication should be regarded as a representation by any person
that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such
forward-looking statements will be achieved. You should not place
undue reliance on forward-looking statements in this communication,
which speak only as of the date they are made and are qualified in
their entirety by reference to the cautionary statements herein.
Except as required by law, the Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions, or circumstances on
which any statement is based.
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.
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OPAL Fuels Investors Todd
Firestone Vice President Investor Relations and Corporate
Development 914-705-4001 investors@opalfuels.com
OPAL Fuels Media Jason
Stewart Senior Director Public Relations and Marketing 914-421-5336
jstewart@opalfuels.com
ICR, Inc. OPALFuelsPR@icrinc.com
SJI Media Krystle Straus
Director, External Communications 609-561-9000 (ext. 4131)
kstraus@sjindustries.com
ACUA Media Amy Menzel
Communications Manager amenzel@acua.com 609-272-6934
Sara Verrillo Chief Customer Relationship Manager
sverrillo@acua.com 609-569-7357
Grafico Azioni OPAL Fuels (NASDAQ:OPAL)
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