Vitol acquires US-based biomethane company
SUMMARY
Based in Texas, VBM BioMethane specialises in landfill-gas-to-energy solutions and currently operates four renewable natural gas (RNG) sites. [Image: Vitol]
By Shardul SharmaVitol, a leading commodity trader, announced on April 17 the completion of its acquisition of US-based renewable energy company, BioMethane Partners, to establish Vitol BioMethane (VBM).
Based in Texas, VBM specialises in landfill-gas-to-energy solutions and currently operates four renewable natural gas (RNG) sites across Alabama, Louisiana, and Texas. Additionally, the company is engaged in developing multiple other sites across the US.
“We believe the combination of VBM’s operational and development teams, coupled with Vitol’s marketing and trading expertise, as well as its financial strength, creates the industry’s strongest and most experienced landfill-gas-to-energy company,” Mike Noack, VBM’s CEO stated.
Steve Barth, senior business developer, renewables at Vitol, said, "This represents a compelling and unique opportunity for Vitol to expand its presence in the RNG industry, utilising decades of experience in natural gas treatment by the team at VBM, and harnessing Vitol’s unrivaled trading acumen."
VBM traces its origins back to BioMethane Partners, established in 2021, and subsequently acquired by Vitol in September 2023.
