Noble Environmental, Inc. completed the sale of approximately $34.8 million in Investment Tax Credits generated by two of its renewable natural gas facilities, along with the commencement of commercial operations at three new facilities, two of which were included in the transaction.
The three newly commissioned facilities upgrade landfill gas into pipeline-quality RNG. By capturing methane that would otherwise be emitted into the atmosphere, these projects deliver some of the most immediate and impactful greenhouse gas reductions available today.
“I am proud of the RNG development team, led by Andrew Yohe, Eric Kettering, and Andrew Thomas, for their tireless work over the last 12 months to build high-performing plants quickly,” said Nick Stork, Chairman of Noble. “RNG continues to play a critical role in the energy transition, and we look forward to unlocking more RNG value at Noble landfills in the near term.”
RNG is increasingly recognized as a scalable decarbonization tool for the waste, transportation, industrial, and utility sectors. Compared with conventional natural gas, RNG can reduce lifecycle greenhouse gas emissions by more than 50% and air pollutants by up to 90%. The fuel is fully compatible with existing pipeline networks and end-use equipment, providing a drop-in solution for organizations seeking real, measurable emissions reductions.
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