Fortistar LLC says two of its portfolio companies, Fortistar Methane Group (FMG), a developer of renewable natural gas (RNG) facilities, and TruStar Energy, a supplier of natural gas refueling solutions for the transportation sector, are merging under Opal Fuels LLC to form a new, fully integrated renewable fuels supply company for North America.
“In the nearly 30 years since founding Fortistar, I have never been more excited about the opportunities ahead,” says Mark Comora, president of Fortistar LLC. “Amid wildfires, heat waves, hurricanes and other extreme weather that punctuated a tumultuous 2020, the world is now more determined than ever to address climate change. Opal will help decarbonize the U.S. transportation industry – which generates the largest share of annual greenhouse gas emissions – by supplying sustainable energy fueled by RNG.”
