IFM Investors has plans to acquire a majority interest in GreenGasUSA, a renewable natural gas developer, owner and operator, via its IFM Net Zero Infrastructure Fund (NZIF).
GreenGas, a fully integrated renewables platform headquartered in Charleston, S.C., utilizes mature technologies to capture, purify and transport biogas from existing organic waste streams for its end use as pipeline-quality RNG. GreenGas sells the RNG and associated environmental attributes under long-term offtake contracts with investment grade commercial and industrial customers, such as Mercedes-Benz, Berkshire Hathaway Energy and Duke University.
Launched in 2022, IFM NZIF is an open-end fund targeting essential infrastructure assets that seek to accelerate the world’s transition to a net-zero emissions economy. GreenGas represents NZIF’s first investment in the low-carbon fuels sector, a core target sector of the fund.
“We are excited to welcome GreenGas into the IFM NZIF portfo