August 15th, 2024 – Richmond, VA – Sparkstone Capital Advisors, LLC (“Sparkstone”) is pleased to announce the completion of the Request for Proposal (“RFP”) process managed on behalf of WIN Waste Innovations (“WIN Waste”). The RFP focused on finding a development partner for WIN Waste on two large landfill gas (“LFG”) to renewable natural gas (“RNG”) projects. The projects are located at WIN Waste’s Seneca County landfill in Seneca County, Ohio, and its Tunnel Hill Reclamation landfill in Perry County, Ohio. Sparkstone was the exclusive financial advisor for WIN Waste.
The RFP resulted in the selection of Vision RNG (“VRNG”) to develop RNG projects at both sites. In collaboration, VRNG and WIN Waste will embark on two transformative projects, initially generating an annual output exceeding 2. 7 million MMBtus of RNG. Over the course of the next 11 years, these projects are expected to more than double their production capacity. These endeavors are poised to become some of the most extensive RNG initiatives in the nation. Once operational, they are projected to mitigate more than 120,000 tons of fossil-based carbon dioxide (“CO2”) emissions annually, representing a significant step towards a cleaner and more sustainable future.
Dan Mayo, CEO of WIN Waste, stated, “These projects are the culmination of a massive undertaking to embed sustainability into every facet of our company’s operations.” He added, “Turning the greenhouse gases that are a normal byproduct of end disposal into renewable fuel exemplifies our mission to invest in more environmentally friendly practices while providing the essential waste services our communities need. We are delighted to partner with VRNG to create two of the most technologically and environmentally advanced landfills in the world.”
The RNG produced from the projects is expected to be used by customers in the transportation fuel market seeking to reduce their carbon footprint. The amount of CO2 emissions expected to be eliminated as a result of these LFG‐to‐RNG projects is equivalent to those produced by 12 million gallons of gasoline or 250,000 barrels of oil annually. Additionally, the energy content expected to be gained as a result of the RNG produced from the projects is equivalent to the energy required to heat more than 35,000 homes annually.
“VRNG is proud to be working with WIN Waste, a company whose mission of investing in more sustainable waste practices is well aligned with our mission to capture methane emissions and convert them into a renewable resource that can support local communities and the planet at large,” said Bill Johnson, CEO of VRNG. “We believe we have brought some of the best talent in the industry together at VRNG, and we are very excited to be able to deploy our skills and our capital to help WIN Waste meet its sustainability and financial goals. We look forward to leveraging our resources and team’s extensive experience across the waste management and natural gas industries to provide cleaner, more sustainable energy for consumers today and into the future.”
WIN Waste is a sustainable provider of essential waste and recycling services, operating a platform of 50 strategically located collection, transfer, and disposal assets, including waste-to-energy facilities, transfer stations, ash monofills, and landfills, as well as fleets of rail cars and collection vehicles, including electric trash trucks. Annually, WIN Waste recycles more than 354,000 tons of plastic, paper and metals from the waste stream and converts more than 6. 4 million tons of post-recycled waste into renewable energy – enough to power the equivalent of 340,000 homes. For more information, visit www. win-waste. com.
Vision RNG, supported by Vision Ridge Partners is a leading developer, owner, and operator of LFG to RNG facilities. VRNG has assembled a team of industry leaders and talent focused on using and maximizing the benefit of using LFG for our partners on both the landfill side as well as the off-take site. To learn more, visit www. VisionRNG. com.
Sparkstone is a financial advisory firm focused on mergers, acquisitions, and capital raising in the energy and industrial sectors. It is a division of Frontier Solutions, LLC which is a member of FINRA/SIPC. Sparkstone was founded in 2018 by three partners with decades of collective energy M&A experience. The firm’s goal is to provide independent and unbiased client service, execute transactions efficiently with senior-level bankers, and develop meaningful long-term relationships. More information can be found at www. sparkstonecap. com.