Renewable natural gas company Viridi Energy had acquired a biosolids digester plant in Brunswick, Maine that it intends to transform into a waste-to-RNG facility, according to a March 19 press release.
Virdi will use anaerobic digestion to transform biosolids into enough energy to heat more than 3,000 homes for a year, the company said.
Casella Waste Systems Inc., a regional solid waste, recycling, and resource management services company, will manage feedstock collection and delivery logistics for an estimated 85,000 tons of biosolids per year collected from a network of wastewater treatment plants. Once processed, Casella will transport the more stable, post-process digestate to landfill in a form that preserves landfill capacity, lessens the need for stabilization material and reduces transportation distances.
Viridi is currently conducting siting, permitting, and environmental due diligence at the Brunswick site. Retrofit construction of the Brunswick facility is expected to be complete by the second half of 2025, with full operations slated to commence in 2026.
Recommended Reading
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.