CIM Group Expands Investment in Renewable Natural Gas with Acquisition of Mas Energy’s RNG Development Platform
CIM Group announced that it has acquired 100% of the Renewable Natural Gas (RNG) development platform of MAS CanAm, LLC, an affiliate of MAS Energy, LLC , a developer, owner and operator of landfill gas-based RNG in the U.S. and Canada, including a portfolio of seven projects currently under construction or in development. As part of the transaction, the platform will be renamed Terreva Renewables.
Terreva is expected to produce RNG by year-end 2022 and will be a significant participant in the North American RNG sector, with the initial portfolio expecting to produce more than 3.9 million mmbtu of RNG per annum. CIM Group plans to meaningfully grow the Terreva Renewables platform in North America.