Page 11 - NorthAmOil Week 37 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

NextDecade announces Vision RNG breaks ground CIM Group expands

$85mn private placement of at Meridian waste site investment in renewable
common stock Vision RNG (VRNG) is pleased to announce natural gas with acquisition
that it has broken ground for construction
NextDecade today announced a private of the renewable natural gas (RNG) project of MAS Energy’s RNG
placement of common stock pursuant located on the Meridian Waste Eagle Ridge
to which NextDecade will sell $85mn of Landfill located in Bowling Green, Missouri. development platform
common stock to 10 institutional investors. The project will use 1,500 cfm of Landfill
Shares of NextDecade’s common stock will Gas (LFG) and construction is scheduled to CIM Group announced today that it has
be sold at $5.50 per share, and the private be completed in Q1 of 2023. The project will acquired 100% of the renewable natural
placement is expected to close on September produce 375,000 mmBtu of RNG annually gas (RNG) development platform of MAS
19, 2022, subject to the satisfaction of that will be injected into a nearby interstate CanAm, an affiliate of MAS Energy, a leading
customary closing conditions. natural gas pipeline and used by various developer, owner and operator of landfill gas-
The company intends to use the proceeds customers across the US for transportation based RNG in the US and Canada, including
from the private placement to continue fuel and other sustainability purposes. RNG a portfolio of seven projects currently under
development activity in preparation for its production has numerous environmental and construction or in development. As part of
anticipated positive final investment decision economic benefits, including but not limited the transaction, the platform will be renamed
on the first three trains at its Rio Grande LNG to being a carbon-neutral energy solution, Terreva Renewables.
project. lowering methane emissions, reducing our Terreva is expected to produce RNG
Credit Suisse Securities (USA) is acting dependence on fossil fuels, and utilising the by year-end 2022 and will be a significant
as exclusive placement agent for the private current natural gas infrastructure. participant in the North American RNG
placement. Based in Canonsburg PA, VRNG was sector, with the initial portfolio expecting to
NEXTDECADE, September 15, 2022 formed in 2021 with funding from Vision produce more than 3.9mn mmbtu of RNG
Ridge Partners. VRNG is led by a strong per annum. CIM Group plans to meaningfully
team of experienced Oil and Gas, RNG, and grow the Terreva Renewables platform in
ENERGY TRANSITION Landfill experts. North America and further establish it as a
“At Meridian Waste, our environmental leading player in RNG.
Project Canary and services team has always considered our represents a marquee transaction in the RNG
“CIM Group’s acquisition of Terreva
landfills to be highly engineered structures
Sensirion Connected that provide a vital resource to our local sector that came about as a result of our long-
standing commitment to and experience in
communities,” stated Walter “Wally” Hall,
Solutions join forces to Meridian Waste’s CEO. “We view the renewable energy, and our strong, established
conversion of our landfill gas to clean energy
relationship with MAS Energy. We continue
broaden methane detection to be an effective means of recycling and to believe RNG is a crucial component of the
reusing this valuable resource. And in our
global energy transition and are excited to
and quantification business, wasting energy is simply a waste of contribute as a leader in decarbonisation,” said
Avi Shemesh, co-founder and principal, CIM
time!”
technology in the US market VISION RNG, September 14, 2022 Group.
Terreva’s initial portfolio comprises RNG
Project Canary, a leading climate data insights
and emissions performance company,
announced a partnership today with Sensirion
Connected Solutions (SCS), a leading provider
of sensor-based monitoring solutions. Project
Canary’s climate analytics platform now
provides upstream and midstream operators
access to various methane monitoring sensors,
including third party devices, to account for
total site emissions.
United by joint climate missions
and leadership teams who value trust,
transparency, and reliability, the innovative
new offering of Project Canary and SCS
gives customers more choices to impact
climate change positively and future-proof
their methane detection and quantification
strategies.
PROJECT CANARY AND SENSIRION
CONNECTED SOLUTIONS, September 15, 2022

Week 37 15•September•2022 www. NEWSBASE .com P11