EM Biogas acquires Huckabay Ridge Anaerobic Digestion Facility
Nov 19, 2010 (Datamonitor via COMTEX) --
Element Markets, LLC, an alternative energy development and environmental commodities marketing company, has announced that its wholly owned subsidiary EM Biogas, LLC has acquired the Huckabay Ridge Anaerobic Digestion Facility from the estate of Environmental Power Corporation.
Huckabay Ridge processes agricultural manure and organics (residues from food, grease, and other organic compounds) into pipeline quality renewable natural gas. The acquisition of the Stephenville, TX plant positions Element Markets in the biomethane market and allows the Company to capitalize on its commodity expertise in the energy and environmental markets, the company said.
Randy Lack, a founding member and Chief Marketing Officer of Element Markets, notes that, "The agricultural-based alternative energy market has had a number of technological success stories but very few commercial successes. The commercialization of alternative energy projects requires more focus on identifying market niches where green energy can compete with brown energy."
The Huckabay Ridge facility contains 8 digester tanks each with a capacity of 916,000 gallons and converts manure and organics into methane-rich biogas through the process of anaerobic digestion. Anaerobic digestion technology produces biogas by enhancing natures organic degradation process via microbial activity, the company added.
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