ImpactAlpha, Feb. 22 – The Boardman, Ore., dairy manure-to-renewable natural gas facility was developed as a partnership between Portland-based Equilibrium and Threemile Canyon Farms.
The facility is one of the largest in the U.S. to transform methane-emitting dairy cow waste into a lower-carbon renewable natural gas fuel (see, “Tapping the municipal bond market for distributed green infrastructure”).
Resilient Infrastructure Group is owned by the Partners Group, the Switzerland-based private equity firm with $109 billion in assets; terms of the deal were not disclosed.
The process of converting dairy waste to energy creates greenhouse gases, but emissions are lower than direct emissions from the waste, and the renewable natural gas displaces fossil fuels. Threemile Canyon Farms sells offset credits to The Climate Trust.
“To save our planet, it’s going to take industrial repeated scale,” Equilibrium’s Dave Chen told ImpactAlpha (listen to Chen’s forecasts for 2021 in the latest “Institutional Shift” podcast).