LF BiOenergy, Cresta to Develop RNG Production Facilities
(Bioenergy Insight) Cresta Fund Management (Cresta) and LF BiOenergy have joined forces to develop, own and operate RNG production facilities in the US.
LF BiOenergy has extensive experience in RNG and agriculture industry relationships, while Cresta is a growth-oriented private equity firm investing in sustainable and conventional energy and industrial infrastructure.
LF’s RNG facilities will reduce greenhouse gas (GHG) emissions and help US farmers and industrial and food processing companies mitigate their organic waste management challenges and achieve their carbon emission reduction objectives.
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LF will initially aim to work with US dairy farmers, developing long-term partnerships to upgrade waste management practices.
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“This partnership represents an opportunity for Cresta to invest in infrastructure that produces and delivers renewable fuels that are a drop-in replacement of conventional fuels and help decarbonise the agriculture sector, which was responsible for around 10% of all US GHG-equivalent emissions in 2018.” READ MORE