Pacolet Milliken Completes First Renewable Natural Gas Investment
GREENVILLE, S.C., Jan. 30, 2023 /PRNewswire/ -- Pacolet Milliken, LLC ("Pacolet"), a sustainability-focused, family-owned investment firm, announced the consummation of a joint venture investment with Evensol LLC ("Evensol"), a leading developer of renewable biogas assets, on January 18, 2023.
- GREENVILLE, S.C., Jan. 30, 2023 /PRNewswire/ -- Pacolet Milliken, LLC ("Pacolet"), a sustainability-focused, family-owned investment firm, announced the consummation of a joint venture investment with Evensol LLC ("Evensol"), a leading developer of renewable biogas assets, on January 18, 2023.
- In partnership with Duke Energy, Pacolet and Evensol's joint venture will own and operate two renewable natural gas ("RNG") projects at landfills in North Carolina, specifically the Upper Piedmont Renewables and Foothills Renewables projects ("UP&F").
- UP&F will process landfill gas generated at the project sites and convert that gas into RNG that can then be injected into regional pipelines to supply homes, vehicles, and businesses with low carbon, renewable fuel.
- Evensol, based in Sisters, Oregon, was founded in 2013 with a mission of acquiring and developing renewable biogas projects.