The plant was sold to CIP’s Advanced Bioenergy Fund I (CI ABF I), which is developing projects that produce green gas and green fuels from organic waste, contributing to the decarbonisation of the hard-to-abate sectors as well as the security of gas supply in Europe and North America.
While the financial terms of the transaction were not disclosed, the acquisition is said to mark the first investment in CI ABF I as well as CIP’s first investment in renewable natural gas (RNG).