U.S. company that produces RNG from dairy manure receives $47 million support
August 11, 2017 by Press release
August 11, 2017, Chicago, IL – AMP Americas – a renewable natural gas (RNG) producer and marketer, plus compressed natural gas (CNG) fuel and infrastructure operator – recently announced a $47 million equity commitment from equity firm EIV Capital.
The equity commitment will allow AMP Americas to pursue growth opportunities across its businesses.
AMP Americas is fueling the transformation of the nation’s heavy-duty trucking sector by providing clean, low cost natural gas and 100 percent renewable natural gas for vehicles. AMP Americas operates three business units – Renewable Dairy Fuels produces 100 percent renewable natural gas at its biogas facility at Fair Oaks Farms in Indiana, ampCNG owns and operates a nationwide network of 20 public-access, ultra-fast fill CNG fueling stations, and ampRenew sources RNG for partner CNG stations and ampCNG stations and provides risk management to help fleets and station owners reduce risk and save money. By taking advantage of an abundant domestic fuel source – dairy waste – and converting it into valuable, clean, carbon-negative transportation fuel, AMP Americas is saving fleets money, improving air quality and reducing GHG emissions.
“As an integrated clean energy company with production and distribution assets across the country, we wanted a partner with proven success in both the traditional and renewable energy sectors that could help us scale and execute our aggressive growth plans,” said Grant Zimmerman, CEO at AMP Americas. “EIV Capital has an excellent track record growing energy businesses and will help us as we invest in new biogas production, new fueling stations, and in growing our team.”
“We’re excited to partner with AMP Americas and to support them as they lead the way in CNG and RNG,” said Patti Melcher, managing partner at EIV Capital. “With its history of leadership and innovation, experienced management team and portfolio of high quality assets, AMP Americas is in an excellent position to flourish in this exciting and important market.”