LF Bioenergy Expands Renewable Natural Gas Project Footprint, Bringing its Cumulative Environmental Benefits Equivalent to Reducing 60 Million Gasoline Miles
Rhea-AI Summary
LF Bioenergy announced the expansion of its renewable natural gas (RNG) project footprint with four operating facilities and two under construction across the U.S. The operational projects have achieved environmental benefits equivalent to reducing 60 million gasoline miles. The company aims to reach 15 operational RNG projects by 2027.
The company's RNG projects provide farmers with diversified revenue streams while eliminating manure disposal needs, improving soil and water quality, reducing odors, and cutting greenhouse gas emissions. Their business model requires no upfront farmer investment. The projects capture methane, which has a global warming potential 28 times greater than carbon dioxide, according to the EPA. The company recently added a new Commercial Vice President to strengthen its executive team.
Positive
- Expansion to 4 operating facilities and 2 under construction
- Environmental impact equivalent to reducing 60 million gasoline miles
- Clear growth trajectory with target of 15 operational projects by 2027
- No upfront investment required from farmers, reducing partnership barriers
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- None.
Insights
Aiming for 15 RNG projects to be operational by 2027, the organization also adds a VP of Commercial to its executive leadership team
Farmers face increasing pressure from rising prices on everything from bedding to feed. RNG projects under LF Bionergy's approach provide a diversified revenue stream for farmers while also eliminating the need to dispose of cow manure, improving and optimizing their soil and water quality, reducing odors, saving money on fertilizer and bedding and reducing greenhouse gas emissions for the natural gas pipeline.
"We attribute our success to our farmers-first values and each farm partnership is a testament to that, as we reach 15 operational RNG projects by 2027 and beyond," said CEO Brent Lilienthal. "We have a robust and unmatched operational process, and at the core of every project is our respect for and relationship with the farmers. We founded the company with that in mind and created a model that doesn't require farmer investment up front because we want to demonstrate that their business and its success is our top priority."
RNG projects capture and recover methane, a greenhouse gas with a global warming potential at least 28 times greater than carbon dioxide, according to the
LF Bioenergy also welcomed a new Commercial Vice President earlier this year to round out its executive leadership team with experience in
"We're hiring with our ethos in mind," said Lilienthal. "Our team brings deep experience spanning
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About LF Bioenergy (www.lfbioenergy.com)
LF Bioenergy is an emerging leader in the development, construction and operation of renewable natural gas (RNG) production facilities on
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SOURCE LF Bioenergy