Viridi Energy has signed a renewable natural gas marketing agreement with Citadel Energy Marketing, establishing contractual foundation for the sale and purchase of RNG produced by Viridi facilities across North America.
The agreement covers renewable natural gas produced by Viridi's Waco RNG facility and reflects the company's expansion as additional projects enter service.
Viridi Energy develops, owns and operates renewable natural gas facilities that capture landfill methane and convert it into pipeline-quality RNG. The model creates long-term economic value for municipalities and landfill owners whilst reducing greenhouse gas emissions.
Dan Crouse, chief executive of Viridi Energy, said the partnership represented 'an important component of our commercialisation strategy', enabling efficient marketing of renewable natural gas as the company's portfolio expands.
David Barry, chief financial officer at Viridi Energy, described the agreement as 'another important step in building the commercial infrastructure needed to support our expanding project portfolio', noting that strong marketing relationships ensure reliable delivery into the marketplace as additional facilities enter service.
Erica Reicher, head of origination for North American environmental products at Citadel Energy Marketing, said the partnership would 'enhance Citadel's ability to structure, price and execute future trades' within the growing RNG market.
The agreement utilises the industry-standard NAESB Base Contract governing transactions between the parties.
Viridi Energy expands RNG commercialisation through Citadel partnership
