By: Isabelle Elizondo On: December 21, 2023 In: Comments: 0

NYGB committed $55MM in a syndicated construction-to-term facility to finance the construction of a commercial food waste to-renewable natural gas project for the New York City metro area. The project will be the largest anaerobic digester to process food waste sourced from the New York City metropolitan region, Pennsylvania, as well as other states in the Northeast. This loan will finance the construction and operation of an anaerobic digester that is expected to process 180,000 tons of food waste and 30,000 tons of fats, oils, and grease that would have otherwise been transported to landfill more than 150 miles away.

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