Synthica Energy, an energy transition platform aimed to design, build, own and operate large-scale, contracted anaerobic digestion facilities to convert pre-consumer organic waste into renewable natural gas (RNG), has closed on a large equity investment from the infrastructure business within Goldman Sachs Asset Management.
Financial terms of the deal were not disclosed.
The new capital will help grow Synthica’s infrastructure projects and accelerate the development of its facilities in key target markets across the country, including Ohio, Texas, Georgia, Kentucky and Louisiana in the near term. Over the coming years, Synthica also plans to develop clean energy facilities in Florida, Illinois, Missouri, New York and Pennsylvania.
“Synthica’s mission is to provide a critical service for hard-to-process organic waste streams, divert these materials away from landfills and other non-sustainable disposal outlets, and ultimately reduce carbon and methane emiss