OPAL Fuels and GFL Environmental Advance Construction on Two New RNG Facilities, Adding 15M GGEs Capacity
Summary
OPAL Fuels and GFL Environmental are advancing construction on two new jointly-owned Renewable Natural Gas (RNG) facilities in Alabama and Georgia. These projects are expected to add approximately 15 million GGEs of RNG supply capacity. OPAL Fuels will market and distribute the full output, strengthening its vertically integrated model. For GFL, this represents a significant investment in renewable energy from its landfills, aligning with GHG reduction goals and generating stable returns. This expansion addresses accelerating fleet demand in the heavy-duty trucking sector.
At the time of this announcement, OPAL was trading at $2.28 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $398.4M. The 52-week trading range was $1.65 to $3.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.