GreenFront Energy Partners Advises Dairy Biogas Company on Joint Venture and Capital Raise

The Strategic Partnership Will Support the Development and Construction of an Initial 7-farm Dairy-to-RNG Project Portfolio across the Midwest U.S.

August 24, 2022

GreenFront Energy Partners (“GreenFront”) is pleased to announce the successful closing of a joint venture and subsequent capital raise between Dairy Biogas Company (“DBC”) and IGS Energy, a major independent U.S. energy supplier. The transaction will form and capitalize a joint venture between the two parties to support the development, construction, and long-term ownership of dairy-to-RNG production facilities across 7 dairy farms in the Midwest. Once operational, the initial farms will include over 10,500 cattle and produce over 200,000 mmbtu of RNG per year in aggregate. Further, the partnership establishes a development platform for future origination, funding, and ownership of similar prospective project opportunities in the region.

Founded in 2021 and headquartered in Ohio, DBC is led by co-founders Jeff Schaner (CEO), and Randy Coleman (CFO). DBC’s unique development approach unlocks the dairy-to-RNG market for mid-size farms, a large and historically untapped market segment for these types of projects.

GreenFront served as exclusive financial advisor to Dairy Biogas Company.