Anew Climate and CNX Extend Exclusive Agreement for Remediated Mine Gas as a Climate Solution

Anew Climate and CNX Resources Corporation have extended their exclusive agreement to market Remediated Mine Gas (RMG), a low-carbon energy source derived from captured waste methane from active and abandoned mines. The partnership aims to reduce methane emissions and unlock opportunities under the Inflation Reduction Act's tax credit programs. RMG is currently recognized under several state Renewable Portfolio Standards and has been integrated into the federal GREET model, enabling it to qualify for federal tax credits.

Anew Climate, LLC and CNX Resources Corporation have extended their exclusive agreement to market Remediated Mine Gas (RMG), a low-carbon energy source derived from captured waste methane from active and abandoned mines. The partnership aims to reduce methane emissions and unlock opportunities under the Inflation Reduction Act's (IRA) tax credit programs. RMG is currently recognized under several state Renewable Portfolio Standards (RPS) and has been integrated into the federal GREET model, enabling it to qualify for federal tax credits.

RMG is produced by capturing and upgrading waste gases from active and abandoned mines, converting them into a low-carbon energy resource. The process involves upgrading the gas to pipeline-quality methane and injecting it into common carrier pipelines for various applications, such as power generation, manufacturing, data center operations, and the production of alternative fuels. According to a comprehensive lifecycle analysis by Argonne National Laboratory, RMG's carbon intensity profile is comparable to that of manure-based renewable natural gas (RNG), making it a valuable tool for reducing emissions in hard-to-abate sectors [1].

Through this exclusive agreement, which commenced in 2022, Anew markets RMG on behalf of CNX and advises CNX on emerging monetization opportunities for RMG environmental attributes. "RMG represents one of the most impactful and scalable decarbonization tools available today," said Randy Lack, President at Anew Climate. "We are proud to continue our collaboration with CNX, which supports the next generation of methane capture projects and will continue to drive adoption of RMG across sectors" [1].

The extension of this agreement will allow continued project development and ensure that RMG continues to create long-term value, delivering measurable environmental benefits across multiple markets. With over three years of success in bringing RMG to market, Anew and CNX have established this low-carbon intensity gas as a trusted, high-impact decarbonization solution [1].

References:
[1] https://www.accessnewswire.com/newsroom/en/clean-technology/anew-climate-and-cnx-extend-exclusive-agreement-to-advance-remediated-mine-gas-as-1049055