March 23, 2023
United Green Energy to Offtake Renewable Natural Gas at Newly Activated Biodigester
UGE’s initial portfolio investment in waste-to-value assets officially begins production this week, with ribbon cutting ceremony Wednesday June 22, 2023
DENVER (March 22, 2022) — United Green Energy (UGE), through its parent company United Energy Trading LLC (UET), began off-taking renewable natural gas from BioTown Biogas (BTB), a biodigester in Reynolds, Indiana. UGE participated through its partnership with Green Rock Energy Partners LLC (Green Rock). The BTB facility is UGE’s first equity investment in a series of similar renewable natural gas (RNG) projects in partnership with Green Rock.
The BTB digester is powered through a mix of organic and agricultural waste, which produces 3,000,000+ gallons of transportation fuel and 42,000,000 kilowatt hours of renewable electricity.
The BTB digester is one of the world’s largest on-farm biodigesters for renewable energy production, and is conservatively estimated to mitigate atmospheric release of approximately 150,000 metric tons of CO2 annually.
UGE plays an important role in the project, selling RNG into the local pipeline system, storing equivalent volumes of natural gas as regulatory pathways are certified, and assisting in the sale of environmental attributes.. The BTB renewable energy production provides additional energy to UGE’s renewable energy marketing business, which focuses on providing solutions to its many end use customers.
“We’re proud to be a part of the team bringing this project to life, and to be commercially monetizing its renewable energy production The RNG being produced at BioTown comprise environmentally and socially responsible energy solutions for our customers, and give us a chance to reduce emissions at the source,” said Tom Williams, Executive Chairman and EVP of Business Development for UGE.
The ribbon cutting ceremony was held on March 22, 2023 at the BTB facility in Reynolds, Indiana, and featured Indiana Lt. Gov. Suzanne Crouch, who spoke at the event. Also in attendance was Don Lamb, Executive Director of Indiana State Department of Agriculture, along with representatives from UGE, Green Rock and BTB.
UGE’s approach to offtake activities optimizes sustainable fuel projects’ values by leveraging and aligning UET’s longtime success in logistics and natural gas trading with deployment of additional project capital in the renewable energy space. Their experience in legacy energy services translates into innovation like the BTB digester.
“UGE’s commercial role with our projects highlights the strategic importance of a partnership with a long-standing, successful natural gas trading company” said Andy Kelleher, Co-Founder and Managing Partner of Green Rock. “UGE provides Green Rock a competitive advantage through linking sustainable fuel production to UET’s many end-use customers.”
This investment and future planned offtake activities are just some components of UGE’s comprehensive strategy, which includes the supply of Responsibly Sourced Gas (RSG), low carbon intensity (CI) renewable natural gas, intermediate CI RNG, generation of carbon credits through range management improvements, and landfill gas (LFG). Aiming to neutralize and mitigate the carbon footprint of UGE’s customers, UET launched its carbon offset program in 2014, connecting individuals and businesses to Green-e® certified renewable energy credits.
About United Green Energy and United Energy Trading
United Energy Trading, LLC (UET) is a fully integrated energy marketing and logistics organization with operations throughout the continental United States and Canada. UET purchases, transports, and/or sells a wide array of energy products throughout North America. United Green Energy (UGE) is a wholly-owned subsidiary of UET, specifically selling environmentally friendly products such as Carbon Offset Green Gas, Renewable Natural Gas, Renewable Fuels, Carbon Offsets, Renewable Thermal Credits/Renewable Energy Certificates, and RINs, LCFS Credits, and other State/Provincial/International energy credits. UGE is experiencing significant growth in this area as consumers more widely embrace green energy and the positive impact it has on the environment. For more information on United Green Energy and our renewable energy efforts please visit http://www.unitedgreenenergy.com
About Green Rock Energy Partners
Green Rock Energy Partners LLC is a sustainable infrastructure focused private equity firm which invests in renewable energy companies and projects. Green Rock’s investments primarily target waste-to-value energy assets within the circular economy, which play a critical role in the ongoing energy transition to a low-carbon future. The firm deploys equity capital to develop, purchase, and operate environmentally responsible and financially attractive businesses and infrastructure. The projects that Green Rock targets for investment produce renewable natural gas, renewable diesel, renewable fertilizer, and other similar products. The firm was founded by a team of commodities executives who source, structure, and negotiate opportunities to build successful businesses using their expertise as owners and operators. For more information, please visit www.greenrockep.com or follow us on LinkedIn.
About BioTown Biogas
BioTown Biogas (“BTB”) is a leading renewable energy producer in the waste-to-value energy market. Based in Reynolds, Indiana, BTB operates one of the largest on-farm biodigesters in the world, transforming waste into valuable energy and other useable byproducts. BTB sources food waste, dairy manure, beef manure, and other agriculture waste to produce renewable natural gas (RNG) and renewable electric power. Focused on establishing replicable and sustainable models of circular agriculture, BTB’s work demonstrates how farming and livestock operations can help to create renewable energy that powers the future. For more information, please visit www.biotownbiogas.com.