OPAL Fuels RNG Facility in NJ Achieves Commercial Operation

OPAL Fuels Inc. (NASDAQ:OPAL) is one of the cheap stocks to buy for the next 5 years. On October 6, OPAL Fuels and the Atlantic County Utilities Authority/ACUA announced that a Renewable Natural Gas/RNG facility in Egg Harbor Township, New Jersey, had achieved commercial operation. This facility is located at the ACUA’s solid waste landfill and captures & processes landfill gas into RNG.

RNG serves as a lower-carbon fuel alternative to diesel and conventional natural gas for transportation. The facility has a nameplate capacity of 2,500 standard cubic feet per minute/SCFM of landfill gas and is expected to produce over 650,000 MMBtu, or more than 4.6 million GGE of RNG annually.

The project is the first to deliver RNG into the pipeline system of South Jersey Gas, which is a subsidiary of SJI. For the ACUA, it is the first time a public solid waste facility in New Jersey has hosted an RNG project. The facility reduces emissions, improves air quality, creates jobs, and strengthens American energy independence.

OPAL Fuels Inc. (NASDAQ:OPAL) produces and distributes renewable natural gas/RNG for use as a vehicle fuel for heavy and medium-duty trucking fleets throughout the US.

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Disclosure: None. This article is originally published at Insider Monkey.