Amaresco (NYSE: AMRC) shares jumped Thursday, as its Neogenyx Fuels arm, a premier developer, owner, and operator of advanced fuel solutions, will join Adams Land & Cattle, LLC to break ground on a renewable natural gas (RNG) facility at the Adams Land & Cattle feedlot in Broken Bow, Nebraska. The project marks Neogenyx Fuels' first agricultural RNG facility, converting manure into pipeline-quality RNG through anaerobic digestion for use as a low-carbon transportation fuel and additional energy applications.
The facility will utilize eight anaerobic digesters to generate more than 4,400 standard cubic feet per minute (SCFM) of biogas, upgraded into approximately 1.2 million MMBtu per year of pipeline-quality RNG. The project is expected to avoid up to approximately 63,700 metric tons of CO2 annually, equivalent to the carbon sequestered by approximately 63,800 acres of U.S. Forest for one year, while also supporting job growth and delivering economic and environmental benefits to the surrounding central Nebraska community.
“This first-of-its-kind project,” to quote this morning’s news release, “is a model for how American agriculture could participate in emerging global energy markets, such as alternative maritime fuels.
“One focus of the event will be the connection between renewable natural gas produced from livestock manure in rural Nebraska and its potential end use as Bio-LNG fuel for the international shipping sector.”
AMRC shares advanced 15 cents to $27.76.
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