Media Contact: Krystle Straus Director, Exeternal
Communications
(609)-561-9000 ext. 4131
ksraus@sjindustries.com
FOR IMMEDIATE RELEASE
SJI and Captona Announce Construction of
one of the Largest Food Waste-to-RNG Facilities in the
US
The project will strengthen clean energy
efforts for the NJ/NY region
FOLSOM, NJ, December 20, 2023 – SJI remains
committed to investing in projects to advance the clean energy and
decarbonization goals of New Jersey and our region. SJI, Captona,
and RNG Energy Solutions today announce their partnership to
construct one of the largest food waste-to-renewable natural gas
(RNG) projects in the United States. The Linden Renewable Energy
(LRE) Project, based in Linden, NJ will convert organic waste into
pipeline-quality RNG that can be used for a variety of applications
to displace fossil fuels.
First-ever opportunity for Elizabethtown Gas customers
to receive RNG.
This marks SJI’s first non-utility led anaerobic digester
project that will directly connect its utility customers with a New
Jersey-based RNG producer. Elizabethtown Gas, one of SJI’s primary
utility subsidiaries, will blend the RNG from the Project into its
existing natural gas distribution system.
The LRE Project will accept a wide range of feedstock, including
food waste from industrial, commercial, and institutional entities,
as well as grease waste from restaurants and other food service
establishments. Anaerobic digestion is a natural process that
breaks down waste in the absence of oxygen to produce natural gas
and a nutrient-rich material that can be used as fertilizer.
As a result, the LRE Project will convert up to 1,475 tons of
waste to produce up to 3,783MMBtu/day of RNG—this is the energy
equivalent value of 30,200 gallons of gasoline per day. The LRE
Project includes development and construction of multiple off-site
food waste pre-processing and depackaging operations in New York
City, New York State and New Jersey.
“SJI is thrilled to continue its commitment to decarbonization
and RNG by investing in the Linden Renewable Energy facility. It’s
a triple win for us—it repurposes food waste, generates renewable
energy that our customers can benefit from, and bolsters our
commitment to environmental stewardship,” said SJI President and
CEO, Mike Renna. “Through this flagship project, we’re actively
contributing to a more sustainable, energy-efficient future for
both our state and the environment.”
“Captona recognizes this marquee investment in this food
waste-to RNG plant in New York City and the New Jersey area as a
major milestone in the growth of its Energy Transition
Infrastructure portfolio of Fuel Cell, RNG, Solar and Storage
projects” said Captona’s Founder and CEO, Izzet Bensusan. “This
project will greatly contribute to reducing emissions and upcycling
food waste.”
Utilizing proven technology and experienced partners to
power the clean energy transition.
LRE has partnered with Phoenix Power Group as the engineering,
procurement and construction provider and is proud to have top tier
equipment providers to bring this project to completion. It has
also strategically aligned with multiple waste haulers in New York
City and New Jersey that will provide source-separated waste as
part of their compliance with New York City and New Jersey organic
waste diversion requirements.
"The City of Linden has been a proud host community for the
Project," said Linden Mayor Derek Armstead. "This is another in a
long list of renewable energy projects that the City has
undertaken. We have supported the LRE Project throughout the
planning phase and we definitely appreciate the investment in our
City and the hundreds of union construction jobs that come with it.
This is a long-term renewable and sustainable solution to waste
management, and we look forward to our continued association with
the Project and its sponsors."
“The LRE Project will provide a sustainable and competitive
waste management service within a 40-mile metro region with over 18
million residents. The same region has implemented aggressive
organic waste diversion regulations that need a sustainable
anaerobic digestion project solution,” said James Potter, President
of RNG Energy Solutions. “We are not aware of any project site
within this proximity to NYC that affords the superior capacity to
receive barges combined with close proximity to the I-95
transportation corridor. These optimized transportation logistics
make the project the preferred low carbon and low-cost provider of
organic waste management services.”
A consortium of lenders led by Investec Bank plc raised project
financing debt to support the construction and operation of the
plant.
The project will begin construction this month with a target
completion date of Q1 2026.
###
About SJI
SJI, an energy infrastructure holding company based in Folsom,
NJ, delivers energy services to customers through two primary
subsidiaries: SJI Utilities (SJIU) and SJI Energy Enterprises
(SJIEE). SJIU houses the company’s regulated natural gas
utility operations, delivering safe, reliable and affordable
natural gas to more than 725,000 residential, commercial and
industrial customers across New Jersey via its South Jersey Gas and
Elizabethtown Gas subsidiaries. SJIEE houses the company’s
non-utility operations primarily focused on clean energy
development and decarbonization via renewable energy production and
energy management activities.
For more information about SJI and its subsidiaries visit
https://www.sjindustries.com.
About Captona
Captona is a North America-focused investment company dedicated
to the Energy Transition and Decarbonization. Captona invests in
late stage, mid-market Clean & Renewable Energy projects across
North America with a focus on Wind, Solar, Fuel Cell, Renewable
Natural Gas, and Storage assets. The team
differentiates itself through its unique strategies like repowering
and drastically improving aging Solar and Wind farms, while
preserving land.
For more information about Captona visit
https://captona.com.
About RNG Energy Solutions
RNG Energy Solutions is a successful developer of complex energy
infrastructure projects. The RNG Energy Team has completed
development of multiple projects using and deploying diverse energy
and project solutions. These include gas fired combined cycle, mid
merit generation, biomass, biogas (anaerobic digesters), landfill
gas and fuel cell projects.
For more information about RNG Energy Solutions visit
https://rngenergysolutions.com.
South Jersey Industries (NYSE:SJI)
過去 株価チャート
から 11 2024 まで 12 2024
South Jersey Industries (NYSE:SJI)
過去 株価チャート
から 12 2023 まで 12 2024