San Joaquin Renewables Secures $165 Million To Build Flagship Rng Project

San Joaquin Renewables (SJR) announced today that it reached an agreement with Cresta Fund Management and Silverpeak Energy Partners to invest up to $165 million to develop and construct a biomass to renewable natural gas ("RNG") project near McFarland, California. Frontline BioEnergy, a leading provider of waste and biomass gasification solutions, is developing the project, which will take orchard residuals and shells from San Joaquin Valley farms and convert them into RNG that will be sold as transportation fuel. The project will also sequester carbon dioxide in an EPA Class VI sequestration well located on the project site. When completed, SJR's RNG facility will replace the current practice of open burning of agricultural waste with an enclosed system that will produce a non-fossil form of natural gas, capture and store carbon dioxide, and serve as a substitute to diesel; thereby reducing overall greenhouse gas emissions.