CIM Group has acquired 100 percent of the renewable natural gas (RNG) development platform of MAS CanAm, LLC, an affiliate of MAS Energy, including a portfolio of seven projects under construction or in development.
MAS Energy is a developer, owner and operator of landfill gas-based RNG in the United States and Canada. As part of the transaction, the platform will be renamed Terreva Renewables.
Terreva is expected to produce RNG by year-end 2022 and will be a significant participant in the North American RNG sector, with the initial portfolio expecting to produce more than 3.9 million mmbtu of RNG per annum. CIM Group plans to meaningfully grow the Terreva Renewables platform in North America and further establish it as a leading player in RNG.
Terreva’s initial portfolio comprises RNG projects under construction in Vancouver, B.C.; Appleton, Wis.; McElhattan, Pa.; Grayslake, Ill.; and Suffolk, Va., and exclusive gas rights for two additional projects in North