'We looked at a bunch of opportunities for renewable diesel and for renewable natural gas,' Daniel Flannery, managing director of Riverstone Holdings, told S&P Global Commodity Insights in an interview Jan. While sums involved in the transaction are relatively modest by energy industry standards, the transaction speaks to RNG's possible status as the decarbonization method of choice for many transport providers, according to the group underwriting the loan.

5, when Clean Energy, a transportation-focused RNG marketer with over 550 fueling stations across North America, announced a four-year, $150 million term loan with a unit of New York-based asset manager Riverstone Holdings. Another example of growing support for the industry came Jan. US RNG was a lead beneficiary of widespread support for lower-carbon investing in 2022, as large energy companies such as BP and Kinder Morgan, as well as large private equity firms, piled money into the sector. Receive daily email alerts, subscriber notes & personalize your experience.

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