OPAL Fuels (OPAL) plans to build a biogas-to-renewable natural gas facility at Republic Services' (RSG) Charlotte Motor Speedway Landfill in Concord, North Carolina, in a joint venture with the waste-management company's affiliate.
The facility is expected to have an initial annual design capacity of 1.4 million MMBtu, OPAL said Thursday in a statement.
This project involves converting an existing OPAL-owned renewable electricity facility at the site, and the venture has secured a new long-term gas rights agreement for the plant
OPAL shares rose 7.2% in after-hours trading, and Republic Services fell 0.4%.
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