WHITE PLAINS, N.Y.,
Oct. 7,
2024 /PRNewswire/ - GFL Environmental Inc. (NYSE:
GFL) (TSX: GFL) ("GFL") and OPAL Fuels Inc. (Nasdaq: OPAL) today
announced their joint venture, Paragon RNG has commenced commercial
operations of their new renewable natural gas ("RNG") facility at
the Sampson County Landfill. The landfill, owned and operated by a
subsidiary of GFL, is located in Roseboro, North Carolina. The plant is
producing and injecting pipeline quality RNG. EPA registrations
have been filed for the project and we expect a normal ramp-up
period for the facility.
The project is part of the previously announced joint venture
between the two companies to develop RNG facilities at landfills
owned by GFL. Having completed construction of the facility, OPAL
Fuels will operate the facility and dispense the RNG as vehicle
fuel for GFL's fleet and other transportation customers.
The Sampson RNG facility has a nameplate design capacity of
approximately 1.6 million MMbtu (12.4 million GGE) per year of RNG.
This RNG, when used as transportation fuel to displace diesel, will
reduce fleet operating costs and avoid GHG emissions equivalent to
achieving zero Scope 1 and Scope 2 emissions from more than 900
heavy-duty trucks.
"We are excited to see another RNG facility
come online through our partnership with OPAL Fuels," said
Patrick Dovigi, Founder and CEO of
GFL. "This facility at our Sampson landfill will play an important part
in achieving our commitment to reduce our greenhouse gas emissions
from landfills, while providing an alternative fuel source that can
power our trucks and help our customers achieve their own
sustainability goals."
"Completing construction of the Sampson RNG facility, now OPAL
Fuel's 10th operational plant, marks another milestone
in the growth of OPAL Fuels," said Adam
Comora, co-CEO of OPAL Fuels. "Our operating portfolio of
facilities now has approximately 7.8 million MMBtu of annual
nameplate design capacity, more than tripling over the past 30
months" continued Comora.
"This project also demonstrates our continued focus on expanding
RNG production by working with best-in-class partners like GFL to
bring more renewable fuel supply online. These RNG projects
combined with our integrated downstream fuel station segment
providing that fuel back to GFL fleet and other downstream
customers creates a win-win-win for our partners and the
communities they serve," said Comora.
About GFL
GFL, headquartered in Vaughan, Ontario, is the fourth largest
diversified environmental services company in North America, providing a comprehensive line
of solid waste management, liquid waste management and soil
remediation services through its platform of facilities throughout
Canada and in more than half of
the U.S. states. Across its organization, GFL has a workforce of
more than 20,000 employees.
About OPAL Fuels Inc.
OPAL Fuels Inc. (Nasdaq:
OPAL) is a leader in the capture and conversion of biogas into low
carbon intensity RNG and renewable electricity. OPAL Fuels is also
a leader in the marketing and distribution of RNG to heavy duty
trucking and other hard to de-carbonize industrial sectors. For
additional information, and to learn more about OPAL Fuels and how
it is leading the effort to capture North
America's naturally occurring methane and decarbonize the
economy, please visit www.opalfuels.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 and applicable
Canadian securities laws. Forward-looking statements are statements
that are not historical facts and generally relate to future events
or 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
OPAL Fuels, GFL and their respective 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 such
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 OPAL Fuel's
annual report on Form 10-K and quarterly reports on Form 10-Q, and
other filings it makes with the Securities and Exchange Commission,
and in the "Risk Factors" section of GFL's annual information form
for the year ended December 31, 2023
and GFL's other periodic filings with the Securities and Exchange
Commission and the securities commissions or similar regulatory
authorities in Canada. 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, OPAL Fuels and GFL expressly disclaim
any obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in OPAL Fuel's or GFL'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.
Contact information
For GFL
Patrick
Dovigi
+1 905 326-0101
pdovigi@gflenv.com
For OPAL Fuels
Todd
Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
investors@opalfuels.com
ICR, Inc.
OPALFuelsPR@icrinc.com
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SOURCE GFL Environmental Inc.