Announced
Financials
Tags
Private
Joint Venture
Pending
United States
Acquisition
Friendly
Alternative Fuels
Domestic
renewable natural gas
Majority
Synopsis
Republic Services, a firm engaged in the environmental services industry, and Archaea Energy, a RNG producer, agreed to form a $1.1bn joint venture to develop 39 RNG projects across the US. "Sustainability is a platform for growth at Republic, and our continued investment in landfill gas-to-energy projects delivers meaningful environmental and economic benefits to our stakeholders. Market demand for renewable natural gas to reduce greenhouse gas emissions is growing significantly, and providing additional sources of RNG furthers Republic's ambitious sustainability goals, while also helping customers and communities meet their own climate action goals," Jon Vander Ark, Republic Services President and CEO.
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