Cresta Among Partners for Largescale RNG Project in San Joaquin Valley
San Joaquin Renewables announced that it reached an agreement with Cresta Fund Management and Silverpeak Energy Partners to invest up to $165 million to develop and construct a biomass to renewable natural gas project near McFarland, California.
The project will take orchard residuals and shells from San Joaquin Valley farms and convert them into RNG that will be sold as transportation fuel. It will also sequester carbon dioxide in an EPA Class VI sequestration well located on the project site.