Interesting article on AFR this afternoon.
IFM Investors’ $98.9 billion infrastructure fund has agreed to buy a majority stake in a US-based biogas producer, in the giant’s first move to diversify its spin-off net zero infrastructure portfolio to include so-called renewable gas.The cash injection into GreenGas USA via its net zero infrastructure fund - a subsidiary of the $98.9 billion fund - is the latest sign of growing global interest in biogas, marked by oil super-majors signing a string of deals in Europe and America last year.Biomethane is chemically identical to fossil fuel gas but produced by processing agricultural, industrial and household waste.
https://www.copyright link/companies/energy/ifm-buys-majority-stake-in-us-renewable-gas-player-20230201-p5ch1g
Ann: December 2022 Quarterly Activities and Cash Flow Report, page-6
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