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Mitsui & Co acquires stake in Terreva Renewables

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Molly Cooper

Journalist at Tank Storage Magazine.

Mitsui & Co has acquired a 33.3% stake in US renewable natural gas production and sales company, Terreva Renewables.

Birds eye view of production facility in the snowIn North America, approximately 146 million tons (160 million tonnes) of municipal solid waste per year are disposed of in landfills, where methane from organic materials is emitted into the atmosphere.

Terreva currently processes methane gas generated in landfills at five locations in North America, in order to produce and sell RNG. Moving forward, Terreva aims to increase its RNG production capacity by pursuing development opportunities for new production plants.

 

As a strategic investor in Terreva, Mitsui seeks to contribute toward realising Terreva’s growth strategy through expansion of its customer base and other initiatives.

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