South Jersey Industries and OPAL Fuels Announce the Signing of Renewable Natural Gas Joint Venture

RNG facilities to produce renewable low-carbon, low-cost fuel to displace diesel

FOLSOM, N.J. and WHITE PLAINS, N.Y. – (September 21, 2023) – South Jersey Industries (SJI), an energy infrastructure holding company, and OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable energy, announced they have entered into a 50/50 joint venture to develop, construct, own and operate RNG facilities. The first facility (the “Atlantic RNG facility”) will be at the Atlantic County Utilities Authority (ACUA) solid waste landfill in Egg Harbor Township, New Jersey.

“This project is consistent with our comprehensive clean energy plan, Leading the Way,” said Mike Renna, President & CEO, South Jersey Industries. “Its implementation underscores our current progress and renewed vision to achieve Scope 1 and 2 carbon-neutral operations by 2040 and lead our employees, customers, and communities to a better today and tomorrow. This and future projects with OPAL Fuels will permit us to accelerate achieving these goals.”

 “The development of the Atlantic RNG facility with SJI marks just the beginning of our relationship, as together we will bring more production and distribution of RNG to New Jersey,” said Jonathan Maurer, Co-CEO of OPAL Fuels. “This joint venture furthers OPAL Fuels’ growth strategy as we look forward to leveraging our operational expertise to work with landfills to maximize the value of their resource and meet their ESG goals faster by displacing diesel fuel with RNG in heavy-duty truck fleets.”

The Atlantic RNG facility will capture naturally occurring biogas, made up in large part by methane from the landfill, which will be upgraded to meet the required quality standards for distribution and sale. The Atlantic RNG facility is anticipated to have a nameplate capacity of 2,500 SCFM of landfill gas and is expected to produce more than 603,000 MMBtu or nearly 4.8 million gasoline gallon equivalent (GGE) per year of RNG.

The new Atlantic RNG facility will replace a previously decommissioned power plant and the RNG will be injected into the South Jersey Gas network, an SJI subsidiary, making this project the first of its kind in the gas company’s natural gas distribution system.

About SJI

SJI is an energy infrastructure holding company based in Folsom, NJ, which delivers energy services to customers through two primary subsidiaries: SJI Utilities (SJIU) and SJI Energy Enterprises (SJIEE). SJIU houses the company’s regulated natural gas utility operations, delivering safe, reliable, and affordable natural gas to more than 725,000 residential, commercial, and industrial customers across New Jersey via its South Jersey Gas and Elizabethtown Gas subsidiaries. SJIEE houses the company’s non-utility operations primarily focused on clean energy development and decarbonization via renewable energy production and energy management activities.

 

About OPAL Fuels Inc.

OPAL Fuels Inc. (Nasdaq: OPAL) is a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity. RNG is a proven low-carbon energy source that is rapidly decarbonizing multiple sectors including the transportation and utility industries. OPAL Fuels delivers complete renewable solutions to customers and production partners. With a portfolio of 24 operating renewable energy projects and many more projects in construction and late-stage development, OPAL Fuels is positioned to advance the clean energy transition in support of renewable energy for transportation, utilities, EV charging infrastructure, and hydrogen fuel solutions. To learn more about OPAL Fuels and how it is leading the effort to capture North America’s harmful methane emissions and decarbonize the economy, please visit www.opalfuels.com.

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Forward-Looking Statements

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Disclaimer

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

Contact information

OPAL Fuels Investors
Todd Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
investors@opalfuels.com
 
OPAL Fuels Media
Jason Stewart
Senior Director Public Relations and Marketing
914-421-5336
jstewart@opalfuels.com
 
ICR, Inc.
OPALFuelsPR@icrinc.com
 
SJI Media
Krystle Straus
Director, External Communications
609-561-9000 (ext. 4131)
kstraus@sjindustries.com