Houston, Texas (April 15, 2016) – Element Markets Renewable Energy, LLC, a wholly-owned subsidiary of Element Markets, was selected by Roeslein Alternative Energy to manage the generation and marketing of environmental credits associated with biogas injected into the pipeline from its manure-to-energy project in Missouri.
Roeslein produces renewable natural gas (also referred to as processed biogas or biomethane) from the largest livestock manure-to-energy project of its kind. The $120 million initiative between Roeslein Alternative Energy and Smithfield Hog Production reduces carbon emissions, generates jobs in the surrounding community and produces renewable natural gas.
“Being a relatively young company, many in the industry are not aware of our advances on this project. However, we have won several awards this past year that have brought a tremendous amount of light to what we are doing,” said Chris Roach, Director for Roeslein Alternative Energy. “Our research shows that this project will convert the rough energy equivalent to filling 56,000 big rig trucks with a full tank of diesel fuel per year. That is approximately 850,000 tons of CO2 methane which will be prevented from reaching the atmosphere. This is just the start of something great and as this project continues to grow it helps accelerate this process and get others on board with what we are doing.”
Element Markets will manage the biogas produced at the facility, including conversion of the biogas to vehicle fuel and use of the fuel in transportation vehicles. Once compressed or liquefied and used as vehicle fuel, the biogas is eligible to generate credits called Renewable Identification Numbers or RINs under the U.S. EPA’s Renewable Fuel Standard.
“This a cutting-edge renewable natural gas project, and we are pleased to have been selected by Roeslein as their biogas marketer,” Element Markets Chief Executive Officer and President Angela Schwarz said. “Roeslein is doing something unique, and we are looking forward to bringing our expertise to the table.”
Element Markets’ deal with Roeslein started in August 2016. The terms of the deal were not disclosed.
Roeslein’s project began in 2014 with the installation of impermeable covers and a flare system at 88 of its manure lagoons. The captured biogas is then purified and injected into the natural gas pipeline grid system.
The system is expected to produce approximately 2.2 billion cubic feet of pipeline quality biogas. The production will double following completion of a second phase of the project that will supplement biogas from the hog farm with biomass from restored prairie grasslands.
About Element Markets, LLC
Element Markets is a leading renewable natural gas marketing and environmental commodities company that applies its diverse expertise to provide structured environmental compliance and optimization services to prominent corporate and institutional clients. The company has a long history within the emissions, carbon, renewable energy credit, biogas and renewable fuel credit markets. The company has twice been named as the “Emissions House of the Year” by Energy Risk Magazine. Element Markets is headquartered in Houston, Texas and more information about the company is available at www.elementmarkets.com.