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- Sevana Bioenergy Acquires Rialto Bioenergy Facility
Sevana Bioenergy Acquires Rialto Bioenergy Facility
Slice of Energy Team
June 17, 2024
Key Highlights:
Sevana Bioenergy acquires the Rialto Bioenergy Facility in California
Facility aligns with Sevana's mission to boost RNG production
Largest organic waste to energy facility in North America
Supports California's ambitious renewable energy and waste diversion goals
Plans to ramp up RNG production and ensure safe operations
Source (Business Wire)
Notable Quote:
"The Rialto Bioenergy Facility is a strategic asset that aligns perfectly with Sevana Bioenergy’s mission to accelerate the production of RNG. This acquisition strengthens our presence on the West Coast and allows us to continue playing a vital role in helping California achieve its ambitious renewable energy and waste diversion goals."
Our Take:
Sevana Bioenergy's acquisition of the Rialto Bioenergy Facility represents a significant step forward in the company’s expansion and commitment to renewable energy. This strategic move not only strengthens their presence on the West Coast but also supports California's rigorous environmental goals. The facility's ability to convert 1,000 tons of organic waste per day into carbon-negative RNG highlights its potential to make substantial contributions to reducing greenhouse gas emissions. As Sevana integrates this facility into its portfolio, leveraging its expertise will be crucial to maximize efficiency and output, ultimately benefiting both the environment and the local community.