Opal (fuel)

Oberon Fuels Appoints First CFO and New COO to Accelerate Renewable Fuels Growth

Retrieved on: 
Thursday, December 14, 2023
Carbon, Acquisition, Climate change, Business development, Engineering, SAN, Methanol, DME, Opal (fuel), Propane, TIME, REG, Aviation, Growth, Oberon, Electricity, Business, Renewable Energy Group, Natural gas, Renewable energy

SAN DIEGO, Dec. 14, 2023 /PRNewswire/ -- Oberon Fuels, a renewable fuels leader, today welcomed four new executives to help guide the company to new heights. The company hired its first Chief Financial Officer Ann Anthony and new Chief Operating Officer Derek Winkel to drive the company's rapid growth. Both Anthony and Winkel will play critical roles in growing the business as it scales up the commercializations of its renewable DME and methanol.

Key Points: 
  • SAN DIEGO, Dec. 14, 2023 /PRNewswire/ -- Oberon Fuels , a renewable fuels leader, today welcomed four new executives to help guide the company to new heights.
  • The company hired its first Chief Financial Officer Ann Anthony and new Chief Operating Officer Derek Winkel to drive the company's rapid growth.
  • Both Anthony and Winkel will play critical roles in growing the business as it scales up the commercializations of its renewable DME and methanol.
  • "Ann and Derek have played pivotal roles building clean energy leaders while engineering successful returns for investors," added Elliot Anise-Hicks, Oberon Fuels co-founder and CTO.

Biomethane Market worth $60.2 Billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, November 23, 2023
Hydrogen, Carbon, Biotechnology, Acquisition, Biorefinery, The central science, Projection, ENGIE, Generation, Renewable natural gas, First generation, Nature, Energy, Opal (fuel), Waste management, Transport, Natural gas, Electricity generation, Digestion, Growth, Material, Electricity, TotalEnergies, Agriculture, Air Liquide, Third generation, Manure, Poultry, Renewable energy, Ethanol, Ductor, Region

The power generation segment is set to dominate the biomethane market, securing the largest market share.

Key Points: 
  • The power generation segment is set to dominate the biomethane market, securing the largest market share.
  • This prominence is driven by the growing recognition of biomethane as a clean and sustainable energy source for electricity production.
  • Municipal waste is anticipated to claim the highest market share in the biomethane market.
  • Europe is poised to command the largest market share in the biomethane market, primarily due to the region's proactive approach towards renewable energy and stringent environmental regulations.

Biomethane Market worth $60.2 Billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, November 23, 2023
Hydrogen, Carbon, Biotechnology, Acquisition, Biorefinery, The central science, Projection, ENGIE, Generation, Renewable natural gas, First generation, Nature, Energy, Opal (fuel), Waste management, Transport, Natural gas, Electricity generation, Digestion, Growth, Material, Electricity, TotalEnergies, Agriculture, Air Liquide, Third generation, Manure, Poultry, Renewable energy, Ethanol, Ductor, Region

The power generation segment is set to dominate the biomethane market, securing the largest market share.

Key Points: 
  • The power generation segment is set to dominate the biomethane market, securing the largest market share.
  • This prominence is driven by the growing recognition of biomethane as a clean and sustainable energy source for electricity production.
  • Municipal waste is anticipated to claim the highest market share in the biomethane market.
  • Europe is poised to command the largest market share in the biomethane market, primarily due to the region's proactive approach towards renewable energy and stringent environmental regulations.

Construction Commences on South Jersey Industries, OPAL Fuels, and Atlantic County Utilities Authority Renewable Natural Gas Facility

Retrieved on: 
Monday, October 23, 2023
Oil, Gas, Building Systems, Alternative Energy, Construction & Property, Green Technology, Energy, Sustainability, Environment, Trucking, Agriculture, Natural Resources, Transport, Urban Planning, Other Energy, Utilities, Other Construction & Property, Atlantic County Utilities Authority, SJI, Atlantic County, New Jersey, Biomass, Myakkahatchee Creek Environmental Park, OPAL, Opal (fuel), Multimedia, Growth, ACUA, Atlantic Ocean, RNG, Natural gas, Gasoline, Renewable energy, South Jersey Industries

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.

Key Points: 
  • 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.
  • 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.
  • “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.
  • 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.

OPAL Fuels Appoints Scott Contino Interim Chief Financial Officer

Retrieved on: 
Thursday, October 12, 2023
Trucking, Other Energy, Transport, Utilities, Oil, Gas, Alternative Energy, Energy, Agriculture, Natural Resources, MBA, INSEAD, Treasury, Insurance, Electricity, OPAL, Natural gas, Georgetown University, Opal (fuel), CFO, Management

OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas and renewable electricity (the “Company”), today announced that Ann Anthony has notified the Company of her intention to resign as the Company’s Chief Financial Officer (“CFO”) to pursue another professional opportunity, and that Scott Contino, CFO of the Company’s sponsor, Fortistar, has been appointed as interim CFO.

Key Points: 
  • OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas and renewable electricity (the “Company”), today announced that Ann Anthony has notified the Company of her intention to resign as the Company’s Chief Financial Officer (“CFO”) to pursue another professional opportunity, and that Scott Contino, CFO of the Company’s sponsor, Fortistar, has been appointed as interim CFO.
  • Mr. Contino has been part of the OPAL Fuels business since inception, and previously served as the CFO of its predecessor parent company.
  • Adam Comora, Co-Chief Executive Officer of OPAL Fuels, said, “We are proud of all that we have accomplished during Ann’s tenure - she was a key component of OPAL Fuels becoming a public company, raising capital, and executing on our growth plan.
  • We wish her well in her new endeavors with an earlier stage growth company.”
    Mr. Comora continued, “We are pleased to appoint Scott as interim CFO.

South Jersey Industries and OPAL Fuels Announce the Signing of Renewable Natural Gas Joint Venture

Retrieved on: 
Thursday, September 21, 2023
Trucking, Other Energy, Transport, Utilities, Oil, Gas, Alternative Energy, Energy, Agriculture, Natural Resources, Atlantic County, New Jersey, ACUA, Way, British thermal unit, Gasoline, RNG, Multimedia, Sale, Opal (fuel), Atlantic County Utilities Authority, Egg Harbor Township, New Jersey, Natural gas, GGE, Methane, ESG, SJI, SCFM, Atlantic Ocean, OPAL

South Jersey Industries (SJI), an energy infrastructure holding company, and OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable energy, announced they have entered into a 50/50 joint venture to develop, construct, own and operate RNG facilities.

Key Points: 
  • South Jersey Industries (SJI), an energy infrastructure holding company, and OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable energy, announced they have entered into a 50/50 joint venture to develop, construct, own and operate RNG facilities.
  • The first facility (the “Atlantic RNG facility”) will be at the Atlantic County Utilities Authority (ACUA) solid waste landfill in Egg Harbor Township, New Jersey.
  • View the full release here: https://www.businesswire.com/news/home/20230921601322/en/
    “This project is consistent with our comprehensive clean energy plan, Leading the Way,” said Mike Renna, President & CEO, South Jersey Industries.
  • The new Atlantic RNG facility will replace a previously decommissioned power plant and the RNG will be injected into the South Jersey Gas network, an SJI subsidiary, making this project the first of its kind in the gas company’s natural gas distribution system.

OPAL Fuels Announces New $500 Million Credit Facility

Retrieved on: 
Tuesday, September 5, 2023
Trucking, Other Energy, Transport, Utilities, Oil, Gas, Alternative Energy, Energy, Agriculture, Natural Resources, Opal (fuel), Line of credit, Electricity, Growth, Bank, OPAL, RNG, Syndication, Natural gas, Renewable energy

OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced today the closing of a new $500 million senior secured credit facility (the “Credit Facility”).

Key Points: 
  • OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced today the closing of a new $500 million senior secured credit facility (the “Credit Facility”).
  • The Credit Facility consolidates certain existing indebtedness and provides approximately $300 million in availability, which is anticipated to be used principally for development and construction of renewable energy projects.
  • “The closing of this Credit Facility provides OPAL Fuels significant liquidity and financial flexibility to fund our strategic growth initiatives,” said Jonathan Maurer, Co-Chief Executive Officer of OPAL Fuels.
  • “This facility further supports growth through the funding of the next phase of our Advanced Development Pipeline.

OPAL Fuels and New River Solid Waste Association Renewable Natural Gas Facility Named Project of the Year by ASCE Florida Section

Retrieved on: 
Thursday, August 24, 2023
Utilities, Environment, Oil, Gas, Sustainability, Alternative Energy, Energy, Climate Change, PE, Peoples Energy, Florida Gas Transmission, Silent Scope 2, Electricity, RNG, GHG, Opal (fuel), Climate change, ASCE, Engineering, Natural gas, Project, Methane, Transport, Society, OPAL, American Society of Civil Engineers

OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced its New River RNG facility, which was created through a close working relationship with New River Solid Waste Association (NRSWA), has been named Project of the Year by the American Society of Civil Engineers (ASCE), Florida Section.

Key Points: 
  • OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced its New River RNG facility, which was created through a close working relationship with New River Solid Waste Association (NRSWA), has been named Project of the Year by the American Society of Civil Engineers (ASCE), Florida Section.
  • The facility is located at the NRSWA municipal solid waste landfill in Raiford, Florida.
  • Developing, constructing, and bringing this facility online was a tremendous cooperative effort and we thank the New River Solid Waste Association, Peoples Gas, and the entire team that made Florida’s first landfill gas to RNG project a reality.”
    “This renewable natural gas project is a commitment to innovation and contribution to waste conversion and energy recovery,” said Tzufit Boyle, PE, F.ASCE, President, ASCE Florida Section.
  • “This project is the first in Florida to convert landfill gas into pipeline-quality renewable natural gas.

OPAL Fuels Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Energy, Utilities, Oil, Gas, ADP, Policy, 1 rin coin, Electricity, British thermal unit, GGE, Propulsion Cryogenics & Advanced Development, RNG, GAAP, LCFS, Opal (fuel), Ratio, Sale, Certification, EPA, William, Prince of Wales, EBITDA, Erin, Inflation Reduction Act of 2022, Natural gas, Prince, Biophysical environment, Transport, Polk, Renewable Fuel Standard (United States), OPAL, Gasoline, Renewable energy, Security (finance), Rare-earth element, Sapphire, Adjustment

OPAL Fuels Inc. (“OPAL Fuels” or the “Company”) (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, today announced financial and operating results for the three and six months ended June 30, 2023.

Key Points: 
  • OPAL Fuels Inc. (“OPAL Fuels” or the “Company”) (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, today announced financial and operating results for the three and six months ended June 30, 2023.
  • “Our second quarter results benefited from higher RIN prices and improved Adjusted EBITDA margins in our Fuel Station Services segment.
  • The Polk County landfill RNG project, owned 100% by OPAL Fuels, started construction in June 2023 and we anticipate commercial operations beginning in the fourth quarter of 2024.
  • We remain on track to place at least 2.0 million MMBtu of RNG projects (representing OPAL Fuels’ proportional ownership) into construction in 2023.

CITY FURNITURE HOSTED 2ND ANNUAL GREEN CITY SUMMIT ON SUSTAINABILITY AND RESILIENCE ON THURSDAY, JULY 20TH

Retrieved on: 
Tuesday, August 8, 2023
Florida Atlantic University, Coca-Cola Beverages Africa, Consulate, WGI, Community leader, Discovery, South Florida, The ODP Corporation, Humanity, Environment, Internal, Florida Atlantic University High School, Commerce, World Cities Summit, Orlando City SC, CITY, Florida Power & Light, Audubon, Big City Greens, Museum of Discovery and Science, Solar United Neighbors, Wells Fargo, Organization, Florida Panthers, Hospital, Trane, Consulate General of Canada, Ho Chi Minh City, Carbon, ChargePoint, Valley Bank, Broward County Transit, Opal (fuel), Bank of America, Chamber of commerce, Partnership, External, Tree, Recycling, Green, Primary energy, City, FPL, Bank, Summit, Fifth Third Bank, Interior design, Renewable energy, Development, Science, ServiceNow

The Summit took place on Thursday, July 20, at the CITY Furniture Headquarters.

Key Points: 
  • The Summit took place on Thursday, July 20, at the CITY Furniture Headquarters.
  • The 2nd Annual Green CITY Summit gathered industry leaders, sustainability experts, and innovators for engaging discussions on pressing topics related to sustainability, recycling, carbon emissions, and the future of our cities.
  • CITY Furniture matched BEDGEAR's donation, increasing the pledge to a total 300 trees, to support reforestation efforts and empower local communities.
  • During the Summit, CITY Furniture proudly shared its ambitious '2040 Green Promise' to become carbon neutral and achieve zero waste to landfill by 2040.