Vision RNG Closes $11.6M Sale of IRA Investment Tax Credit


   
    

    

   OAKHURST, N.J. (DTN) --- Vision RNG, LLC today announced the successful sale 
of $11.6 million in Investment Tax Credits under the Inflation Reduction Act, 
which will provide essential capital to accelerate VRNG's development of 
landfill gas to renewable natural gas projects

   These tax credits were generated in connection with VRNG's Eagle Ridge 
project at the Meridian Waste Eagle Ridge Landfill in Bowling Green, Missouri.

   "Closing this sale of Investment Tax Credits is a crucial step for Vision 
RNG, enabling us to unlock new funding for our extensive pipeline of projects," 
said Bill Johnson, CEO at Vision RNG. "This capital will directly support our 
efforts to convert landfill gas into renewable natural gas, a process that not 
only enhances waste management, but also contributes significantly to climate 
change mitigation while bringing green jobs to the communities we work in."

   The sale of these tax credits marks a significant milestone for VRNG as it 
continues to expand its portfolio of LFG-to-RNG projects designed to reduce 
greenhouse gas emissions, promote renewable fuel alternatives, and mitigate 
reliance on fossil fuels. RNG produced by the Eagle Ridge project will replace 
the equivalent of approximately 17,000 tons of CO2 or 40,000 barrels of oil 
consumed each year.

   "Our team is dedicated to leveraging the benefits of the Inflation Reduction 
Act to maximize our impact," added Kevin Johnson, chief financial officer. 
"With this funding, we are well-positioned to meet the growing demand for 
renewable fuels and contribute to a cleaner, more sustainable future."




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