In the United States (US), renewable natural gas (RNG) platform Viridi Energy Management LLC (Viridi Energy) has announced that it has executed a contract to sell RNG produced by its Waco RNG facility in Texas to Citadel Energy Marketing.
The agreement with Citadel Energy Marketing provides the contractual foundation for the sale and purchase of renewable natural gas (RNG) produced by Viridi facilities, reflecting the company’s continued expansion as it brings additional RNG projects online across North America.
As our portfolio continues to grow, establishing relationships with experienced energy marketers is an important component of our commercialization strategy. This agreement enhances our ability to efficiently market renewable natural gas while continuing to deliver reliable, low-carbon energy solutions that create value for our landfill and municipal partners, said Dan Crouse, CEO of Viridi Energy.
Viridi Energy develops, owns, and operates renewable natural gas facilities that capture landfill gas (LFG) and convert it into pipeline-quality RNG.
By transforming landfill methane emissions into a renewable energy resource, Viridi helps municipalities and landfill owners reduce greenhouse gas (GHG) emissions while creating long-term economic value.
This agreement represents another important step in building the commercial infrastructure needed to support our expanding project portfolio. As additional facilities enter service, strong marketing relationships help ensure we can reliably deliver renewable natural gas into the marketplace, said David Barry, CFO of Viridi Energy.
The agreement with Citadel Energy Marketing uses the industry-standard NAESB Base Contract for the sale and purchase of RNG and governs future transactions between the parties.
We are excited to work with Viridi on growing our RNG portfolio. Finalizing this agreement will enhance Citadel’s ability to structure, price, and execute future trades, said Erica Reicher, Head of Origination for North American Environmental Products at Citadel Energy Marketing.
