Nexus W2V, Orion Infrastructure Reach $75 Million Agreement to Develop Indiana RNG FacilityNexus W2V, Orion Infrastructure Reach $75 Million Agreement to Develop Indiana RNG Facility
Nexus W2V has announced it reached an agreement with Orion Infrastructure Capital to build an RNG facility in Indiana, converting Chicago’s organic waste into renewable natural gas.
December 10, 2024
Nexus W2V has announced it reached an agreement with Orion Infrastructure Capital to build an RNG facility in Indiana, converting Chicago’s organic waste into renewable natural gas.
Nexus and Orion have agreed to a $75 million equity commitment to build the facility in La Porte, Ind. and is expected to be operational by the end of 2026.
"At the highest level, what we're doing is building a facility that will accept waste from the greater Chicago area and convert it away from landfills... The byproduct of when we extract the bio-methane is a high-ratio fertilizer product, which will go back into the soil as an organic product," Roshan Vani, CEO of Nexus W2V, told Crain's.
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