NOVA Infrastructure (NOVA), a middle-market infrastructure investment firm, has partnered with Nopetro Energy (Nopetro) to create a renewable energy platform focused on renewable natural gas (RNG) and biofuels called Nopetro Renewables.
As part of the transaction, Nopetro Renewables will construct one of Florida’s first landfill-gas-to-RNG facilities in Vero Beach, Florida in the US.
Nopetro was founded in 2007 with the goal of displacing petroleum consumption with a cleaner, cost-effective and domestic natural gas fuel.
Led by Jorge Herrera, the company said it has developed a strong reputation in the Southeast and currently operates 16 CNG fueling facilities where it serves government, waste, and industrial customers.
In addition to investing in the newly formed Nopetro Renewables’ platform, NOVA also has made an equity investment in Nopetro Energy.
“NOVA’s new RNG-focused partnership with Nopetro Energy capitalises on the strong, increasing trend towards decarbonisation of the natural gas value chain and benefits from Nopetro’s strong track record of commercialising renewable energy projects,” said Chris Beall, founder and managing partner of NOVA Infrastructure.
“Our new platform, Nopetro Renewables, seeks to build and operate renewable energy infrastructure, starting with a shovel-ready landfill-gas-to-RNG project in Vero Beach. Our joint venture will generate significant ESG benefits to all stakeholders, as both compressed natural gas (CNG) and RNG assets play a key role in reducing carbon emissions and facilitating the energy transition.”
“We’re thrilled about the growth opportunities presented with this partnership,” said Jorge Herrera, CEO of Nopetro. “NOVA’s experience and relationships in the environmental services industry and its strong investment record are all tremendous value-adds to our platform. Since we began our mission over 15 years ago, we’ve been committed to producing and supplying renewable energy to our customers across the country and we couldn’t be more excited to continue and expand on this work with NOVA.”
Nova Infrastructure partners with Nopetro Energy for RNG platform
