Ingevity Corp. has announced a strategic partnership with, and investment in, GreenGasUSA Holdings LLC (GreenGas).
GreenGas is an integrated renewable natural gas (RNG) solutions provider. Headquartered in Charleston, South Carolina, the company contracts with agricultural farms, landfills, and industrial and municipal wastewater treatment facilities to collect and treat biogas from the organic waste of their operations that it then sells as pipeline-quality RNG. GreenGas also provides compression, transportation, and delivery of natural gas directly to customers through its wholly owned pipeline injection point or as part of its virtual pipeline services.
Ingevity operates in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers; and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of applications, including oil exploration and production, agrochemicals, adhesives, lubricants, coatings, elastomers, bioplastics, and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world.
With this investment, Ingevity now holds a less than 50% ownership in GreenGas.
Initially, Ingevity’s funding will enable GreenGas to further develop biogas capture and cleanup systems at facilities where methane-producing organic waste can be converted to RNG instead of being flared off or escaping into the atmosphere. GreenGas founder Marc Fetten will continue as GreenGas CEO, overseeing growth strategy and business development efforts.
Ingevity will now play an active role in exploring and accelerating the application of its activated carbon-based, low-pressure adsorbed natural gas (ANG) technology for the storage and transport of natural gas as part of the GreenGas model. The investment also helps Ingevity gain a foothold in the rapidly expanding RNG industry.
Formed in 2019, GreenGas provides low- and zero-emitting energy solutions to industrial, commercial, and residential users. This includes supplying compressed natural gas (CNG) as an alternative to fuels such as oil or propane; operation of a virtual pipeline fleet for CNG and RNG across the United States; production of RNG from a variety of waste sources; as well as pipeline injection services. GreenGas currently owns a natural gas injection point in Georgetown, South Carolina, that serves as a primary renewable energy aggregation hub enabling farmers to participate in the renewable gas industry.
