Ingevity invests in biomethane, will use it in its ANG vehicle platform
Ingevity Corporation announced a strategic partnership with and investment in GreenGasUSA Holdings, an integrated renewable natural gas solutions provider helping customers reduce their environmental impact. South Carolina-based GreenGas contracts with agricultural farms, landfills and industrial and municipal wastewater treatment facilities to collect and treat biogas from the organic waste of their operations that it then sells as pipeline-quality, low-carbon biomethane. GreenGas also provides compression, transportation and delivery of natural gas directly to customers through its wholly owned pipeline injection point or as part of its virtual pipeline services. With this investment, Ingevity now holds a less than 50% ownership in GreenGas.
Initially, Ingevity’s funding will enable GreenGas to further develop biogas capture and cleanup systems at facilities where harmful methane-producing organic waste can be converted to renewable natural gas instead of being flared off or escaping into the atmosphere.
Ingevity will now play an active role in exploring and accelerating the application of its activated carbon-based, low-pressure adsorbed natural gas (ANG) technology for the storage and transport of natural gas as part of the GreenGas model. The collaboration will also be integral in facilitating biomethane use within Ingevity’s ANG vehicle platform by offering fleet customers broader access to the benefits of this biofuel. Looking to the future, Ingevity is uniquely positioned to leverage its expertise as an operating and technology partner for GreenGas, while the investment also helps Ingevity gain a foothold in the rapidly expanding biomethane industry.
“Our partnership with GreenGas is yet another step forward as we advance ‘Ingevity 2.0’ and explore value-added applications for our activated carbon in growing markets like renewable natural gas,” said John Fortson, president and CEO at Ingevity. “We are excited to work with this team to understand where our technology and expertise can help broaden the reach of renewable natural gas as an environmentally and economically viable energy solution and enhance the innovative offerings of GreenGas.”
“Ingevity stood out as the perfect strategic partner as we continue to provide customers with a growing variety of decarbonization and waste-to-value solutions,” said Marc Fetten, GreenGas founder. “Ingevity’s strong commitment to executing strategies that create measurable environmental impacts will serve as a strong foundation for our partnership. The company’s proven track record as a collaborative partner with operational experience in leveraging its activated carbon technology to drive the commercialization of its market-leading ANG platform will help to accelerate our mission to reduce GHG emissions.”