Funding will support Vision RNG’s nationwide landfill gas-to-renewable natural gas project development efforts
CANONSBURG, Pa.–(BUSINESS WIRE)–Vision RNG, LLC (VRNG) announces the successful sale of $11.6 million in Investment Tax Credits (ITCs) under the Inflation Reduction Act (IRA). These tax credits were generated in connection with VRNG’s Eagle Ridge project at the Meridian Waste Eagle Ridge Landfill in Bowling Green, MO. This strategic sale will provide essential capital to accelerate VRNG’s development of landfill gas to renewable natural gas (LFG-to-RNG) projects, reinforcing its commitment to advancing sustainable energy solutions.
“Closing this sale of Investment Tax Credits is a crucial step for Vision RNG, enabling us to unlock new funding for our extensive pipeline of projects,” said Bill Johnson, Chief Executive Officer at Vision RNG. “This capital will directly support our efforts to convert landfill gas into renewable natural gas, a process that not only enhances waste management, but also contributes significantly to climate change mitigation while bringing green jobs to the communities we work in.”
The sale of these tax credits marks a significant milestone for VRNG as it continues to expand its portfolio of LFG-to-RNG projects designed to reduce greenhouse gas emissions*, promote renewable fuel alternatives, and mitigate reliance on fossil fuels. RNG produced by the Eagle Ridge project will replace the equivalent of approximately 17,000 tons of CO2 or 40,000 barrels of oil consumed each year. This project is a prime example of how innovative approaches to waste management can yield substantial environmental benefits.
“Our team is dedicated to leveraging the benefits of the Inflation Reduction Act to maximize our impact,” added Kevin Johnson, Chief Financial Officer. “With this funding, we are well-positioned to meet the growing demand for renewable fuels and contribute to a cleaner, more sustainable future.”
About Vision RNG
Founded in 2021, Vision RNG, supported by Vision Ridge Partners is a leading developer, owner, and operator of LFG to RNG facilities. VRNG has assembled a team of industry leaders and skilled professionals committed to harnessing and maximizing the benefits of landfill gas for our partners and the broader energy community. For more information, please visit https://visionrng.com.
* Emissions statistics from epa.gov
Contacts
Vision RNG Media Inquiries
Cara Dickens
Rocket Pop
[email protected]
(804) 677-6556
Vision RNG Business Inquiries
Kevin Johnson, CFO, Vision RNG
[email protected]
(724) 760-7415
