The compressed natural gas (CNG) and renewable natural gas (RNG) industries are experiencing significant growth and transformation, driven by increased investments, technological advancements, and strategic corporate developments.
Industry Growth and Investments
- Surge in RNG Facilities: North America now boasts 433 operational RNG facilities, marking a 44% increase from the previous year. This expansion reflects a growing commitment to sustainable energy solutions and presents numerous opportunities for investors, technology providers, and service companies to engage in new projects and partnerships. Morningstar
- Chesapeake Utilities’ RNG Facility: Chesapeake Utilities Corporation inaugurated its Full Circle Dairy RNG facility in Lee, Florida, on October 28, 2024. This dairy manure-to-pipeline-quality RNG operation is expected to produce an average of 100,000 dekatherms annually, showcasing the viability of dairy-based RNG projects and encouraging similar ventures within the agricultural and energy sectors. Natural Gas Intelligence
Corporate Developments
- WM’s Potential Sale of RNG Unit: Waste management company WM is exploring the sale of its RNG unit, valued at approximately $3 billion. The company plans to sell development rights for RNG operations on 115 landfills while retaining ownership of the landfills. This potential sale opens avenues for investors and energy firms to acquire substantial RNG assets, facilitating expansion into the renewable energy sector. Reuters
Implications for the Industry
These developments underscore the rapid evolution of the CNG and RNG industries, highlighting the increasing importance of renewable energy sources in the global energy landscape. The surge in RNG facilities indicates a robust market growth, while corporate movements like WM’s potential sale reflect strategic shifts towards sustainable energy investments. For industry stakeholders, these trends present both challenges and opportunities to innovate, invest, and lead in a rapidly changing environment.
Company Information
- Email: info@cngdelivery.com
- Phone: 1 (800) 909-4403
- Fax: 1 (888) 343-3467
- Hours: Mon-Sat, 7:00 – 18:00
Sources
- NGT News: North American RNG Surpasses 400 Operational Facilities
- RNG Coalition: Chesapeake Utilities Opens Full Circle Dairy RNG Facility
- Reuters: Waste Manager WM Explores $3 Billion Sale of RNG Unit
