CPK - Chesapeake Utilities to develop its first RNG facility in Florida

Chesapeake Utilities ( NYSE: CPK ) unveiled plans for its FPU Renewables subsidiary to build, own and operate a dairy manure renewable natural gas facility at Full Circle Dairy in Madison County, Florida, producing an average of 100K dth/year of RNG.

Chesapeake ( CPK ) said the project represents a capital investment of $22M, with the first injection of RNG anticipated in 2024.

The project is estimated to capture and redirect 1,116 metric tons/year of methane, or 27.9K metric tons of carbon dioxide equivalent.

The company said it is evaluating further investment opportunities to bring the RNG produced at the facility to market, and is exploring several offtake options.

The planned dairy-to-RNG plant continues Chesapeake Utilities' ( CPK ) acceleration of RNG related investments, including the recent approval of a RNG injection site in Nassau County .

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