Marvel Power Group expands biomethane services to Europe and Canada
Aside from reaching new latitudes, Marvel will also begin structuring deals for CO2, sustainable aviation fuel (SAF), carbon offsets and hydrogen.
In the first quarter of 2022, Marvel closed its first term deal with a Canadian counterpart, successfully structuring a 10-year project offtake for carbon-negative green gas. At present, Marvel Power Group holds an important pipeline of demand from organisations looking for renewable natural gas (RNG) for US transportation, Science-Based Targets achievement, Canadian Clean Fuels and European International Sustainability & Carbon Certification (ISCC) programmes.
The market for RNG has experienced exponential growth, upward of 250 percent YoY, and it seems likely to continue. As well as meeting demand from on-road transportation, gas utilities and governments, more climate-savvy corporations are choosing to acquire RNG to satisfy their environmental commitments and energy security concerns. Low or carbon-negative RNG provides an existing alternative to fossil gas, without operational upheaval or burdensome investment into new technologies. Energy independence, long-term price stability and cybersecurity considerations have given further tailwinds to an already thriving market.
Katherine Ryzhaya, Marvel’s CEO, said: “As a leading advisor and broker of high-volume RNG, we are beyond pleased to celebrate our anniversary with global expansion.
“We’ve worked hard to earn our clients trust through unparalleled knowledge, market reach and commitment to service. As the largest broker by volume to the utility and corporate sectors, we’ve been pleased to open new markets and present new monetisation opportunities to our hard-working RNG producers. Our success is owed entirely to our world-class clients and partners.”
To date, Marvel has allotted close to 100MM dekatherms of biomethane into long-term purchase contracts.