OPAL Fuels forms 50/50 JV with SJI to develop two RNG projects in New Jersey

OPAL Fuels Inc.

Joint venture with SJI subsidiary to develop, construct and operate RNG facilities using landfill gas.
Two initial projects in New Jersey with nameplate capacities of ~2,500 scfm and ~3,000 scfm of landfill gas.
Each member to contribute 50% of capital requirements; separate series for each project owned 50/50.
Gas rights and site leases for the projects expire Dec 2033 and Dec 2031 (second requires amendment).
JV will enter management, O&M and dispensing agreements with OPAL Fuels affiliates.

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