Casella and Rudarpa Break Ground on Renewable Natural Gas Processing Facility
May 20 2021 - 3:27PM
Casella Waste Systems, Inc. (Nasdaq: CWST), in partnership with
Rudarpa, Inc. officially broke ground on a Renewable Natural Gas
(RNG) processing facility on May 19 at its North Country
Environmental Services (NCES) disposal facility in Bethlehem, N.H.
Project partners and local officials took part in the ceremony,
celebrating the official start of the project that is the first of
its kind in New Hampshire and which is expected to provide
significant environmental benefits as well as dozens of jobs and
increased tax revenue for the local economy.
“We’re thrilled to see this vision begin to take shape in
Bethlehem,” said Casella Chairman and CEO John W. Casella. “We’re
grateful to our partners who helped to develop the infrastructure
that will lead to opportunity and environmental benefits for the
entire state of New Hampshire and look forward to bringing the
additional economic benefits to Bethlehem for years to come.”
The facility is designed to capture the landfill gas which is
currently being flared and separate it into marketable gases, with
primary emphasis on methane and carbon dioxide. Once processed, the
RNG will be transported by truck for injection into existing
pipeline facilities owned by Liberty Utilities. The emissions
reduction from converting the landfill gas into a transportation
fuel is estimated to be 78,000 tons of greenhouse gas emissions
annually, which is equivalent to taking more than 15,000 passenger
cars off the road.
While acknowledging his family and most especially his
grandchildren who attended the ceremony, Rudarpa representative Joe
Darling said this project was all about the future, “both in
protecting our environment for future generations, and in moving
forward together. We look at this as the first of many potential
opportunities with Casella and our other partners, and we really
want to thank everyone involved in this project for their continued
support.”
The construction phase of the project is estimated to take 13
months and is expected to create up to 30 full time jobs. Once
operational, up to 12 full and part time jobs are expected to be
created to allow the facility to produce at capacity.
A grand opening will be scheduled for the public to tour the
facility once it is completed.
ABOUT RUDARPA, INC.Rudarpa is a Resource
Recovery and Production Company located in Salt Lake City, Utah,
focusing on Air, Water, Thermal, and Fuel that has assembled a team
of experts to develop new projects, address the common issues
related to waste recovery in past endeavors, and provide a turn-key
solution moving the industry forward.
ABOUT CASELLA WASTE SYSTEMS, INC.Casella Waste
Systems, Inc., headquartered in Rutland, Vermont, provides solid
waste management services consisting of collection, transfer,
disposal, and recycling services in the northeastern United States.
For further information, investors should contact Ned Coletta,
chief financial officer at (802) 772-2239, and media should contact
Jeff Weld, Director of Engagement at (802) 772-2234 or visit the
company’s website at www.casella.com.
SAFE HARBOR STATEMENTCertain matters discussed
in this press release, including, but not limited to, the
statements regarding the Company’s intentions, beliefs or current
expectations concerning the benefits and timeline of the described
project, are “forward-looking statements” intended to qualify for
the safe harbors from liability established by the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such by the context of
the statements, including words such as “believe,” “expect,”
“anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” “will,”
“guidance” and other similar expressions, whether in the negative
or affirmative. These forward-looking statements are based on
current expectations, estimates, forecasts and projections about
the industry and markets in which the Company operates and
management’s beliefs and assumptions. The Company cannot guarantee
that it actually will achieve the benefits and timeline disclosed
in the forward-looking statements made. Such forward-looking
statements, and all phases of the Company’s operations, involve a
number of risks and uncertainties, any one or more of which could
cause actual results to differ materially from those described in
its forward-looking statements.
Such risks and uncertainties include or relate to, among other
things, the following: our operations and financial results could
impact the landfill gas expected to be generated; adverse weather
conditions may negatively impact the Company’s revenues and its
operating margin; the Company may be unable to increase volumes at
its landfills or improve its route profitability; landfill
operations and permit status may be affected by factors outside the
Company’s control; the landfill gas processing facility may not
work or generate results as expected; and the Company may be
required to incur capital expenditures in excess of its estimates.
The Company undertakes no obligation to update publicly any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
Casella Media Contact: Jeff Weld802-772-2234
Rudarpa Media Contact: Joe Darling518-461-2641
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5ad4f201-de07-484b-97a7-395b605637d1
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