Noble Environmental, Inc. Announces Sale of $34.8 Million in Investment Tax Credits, and Commercial Operations of Three New RNG Facilities

CANONSBURG, Pa.–(BUSINESS WIRE)–Noble Environmental, Inc. (“Noble”) completed the sale of approximately $34.8 million in Investment Tax Credits (“ITCs”) generated by two of its renewable natural gas (“RNG”) facilities, along with the commencement of commercial operations at three new facilities, two of which were included in the transaction.

The three newly commissioned facilities upgrade landfill gas into pipeline-quality RNG. By capturing methane that would otherwise be emitted into the atmosphere, these projects deliver some of the most immediate and impactful greenhouse gas reductions available today.

“I am proud of the RNG development team, led by Andrew Yohe, Eric Kettering, and Andrew Thomas, for their tireless work over the last 12 months to build high-performing plants quickly,” said Nick Stork, Chairman of Noble. “RNG continues to play a critical role in the energy transition, and we look forward to unlocking more RNG value at Noble landfills in the near term.”

RNG is increasingly recognized as a scalable decarbonization tool for the waste, transportation, industrial, and utility sectors. Compared with conventional natural gas, RNG can reduce lifecycle greenhouse gas emissions by more than 50% and air pollutants by up to 90%. The fuel is fully compatible with existing pipeline networks and end-use equipment, providing a drop-in solution for organizations seeking real, measurable emissions reductions.

About Noble Environmental, Inc.

Noble, headquartered in Canonsburg, Pennsylvania, is a privately held, vertically integrated solid waste management company. Noble provides waste collection, transportation, and disposal services through its platform of solid waste landfills and transfer stations across Pennsylvania, Ohio, and Maryland. Noble also designs, builds, and operates its renewable natural gas facilities at its landfill gas-generating locations. Noble has a workforce of more than 400 employees.

Safe Harbor Statement

Certain matters discussed in this press release 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 by words such as “will,” “intends,” and similar expressions. These forward-looking statements are based on current expectations and estimates and management’s beliefs and assumptions. Noble expressly disclaims any obligation to update such statements to reflect any change in its expectations whether as a result of new information, future events, or otherwise, except as required by law.

Contacts

Nikolas James Mermigas
Executive Vice President

nmermigas@nobleenviro.com