Marvel turns three and expands biomethane services to Canada and Europe
In Q1 2022 Marvel closed its first term deal with a Canadian counterparty, successfully structuring a 10-year project offtake for carbon-negative green gas. Currently, Marvel holds a significant pipeline of demand from parties seeking renewable natural gas (RNG) for US transportation, Science-Based Targets achievement, Canadian Clean Fuels and European International Sustainability & Carbon Certification (ISCC) programmes.
The RNG market has experienced explosive growth, upward of 250 percent YoY, with no signs of slowing down. In addition to stable demand from on-road transportation, gas utilities and governments, climate-savvy corporations are procuring RNG to satisfy their environmental commitments and energy security concerns. Low or negative-carbon 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 placed nearly 100MM dekatherms of biomethane into long-term purchase contracts.