AgLand Renewables Receives California Competes Tax Credit

·3 min read

Company will bring new green jobs to the Central Valley and Reduce Emissions

FRESNO, Calif., Jun 21, 2021--(BUSINESS WIRE)--AgLand Renewables LLC (AgLand), the California subsidiary of Maryland-based CleanBay Renewables Inc., has been selected by the Governor’s Office of Business and Economic Development (GO-Biz) to receive $1.7 million in tax credit from the highly competitive California Competes Tax Credit (CCTC) program. With this support from the Governor’s office, AgLand can begin development of multiple bioconversion facilities in California that will directly support the state’s economic and environmental goals.

"Attracting a company like AgLand Renewables to California is exactly why the CalCompetes program was created," said Dee Dee Myers, Senior Advisor to the Governor and Director of GO-Biz. "Not only will AgLand Renewables create well-paying jobs and economic opportunity across the Central Valley, but its solution will help us reach California’s greenhouse gas reduction goals while simultaneously supporting the Governor’s healthy soils initiative."

AgLand will deploy at least two facilities in the Central Valley, home of California’s vast poultry production industry, over the next five years. The facilities will use anerobic digestion and fertilizer formation technology to sustainably convert poultry litter into renewable natural gas (RNG) and organic, controlled-release fertilizers. "These state-of-the-art facilities will help grow California’s leadership in climate smart agriculture, scale-up healthy soils, recycle important nutrients in agriculture, and invest hundreds of millions within hard hit agricultural communities," said Karen Ross, Secretary of the California Department of Food and Agriculture.

"More than half a million tons of poultry litter is produced in the Central Valley each year, which, if uncontrolled, can release significant greenhouse gases and other emissions that negatively affect the local air, soil and water quality," said Thomas Spangler, CleanBay Renewables Inc.’s Executive Chairman. "Our sustainable alternative use for poultry litter provides an immediate opportunity to enhance the economic value of the Central Valley’s agricultural industry while simultaneously helping the state meet its low carbon fuel standards and emissions reduction goals."

By converting more than 150,000 tons of chicken litter annually, each facility can generate more than 750,000 MMBtus of renewable natural gas, 100,000 tons of organic, controlled-release fertilizer, and an estimated 500,000 tons of CO2 equivalent emission abatement that will be available for purchase in carbon markets.

"The projects will provide a long-term, sustainable source of renewable transportation fuels and organic fertilizers that will provide a substantial reduction in climate pollutants and improve soil health in California," said Donal Buckley, CleanBay Renewables Inc.’s CEO. "Further, our direct investment of over $1 billion will provide much needed economic benefits to the Central Valley, creating dozens of new well-paying full-time jobs and hundreds of indirect jobs through construction and supply-chain needs."

The proposed site locations in Kings and Merced Counties, were identified with support from the GO-Biz Business Investment Services team. Both facilities are projected to be fully operational by 2024.

AgLand is exploring other measures to further reduce its carbon footprint, including co-located solar power fields and microgrid technologies as well as the production of alternative fuels such as green hydrogen.

About AgLand Renewables

AgLand Renewables LLC, a California subsidiary of CleanBay Renewables Inc., is an enviro-tech company focused on the sustainable management of waste through anaerobic digestion and nutrient recovery technologies which produce renewable natural gas and controlled-release organic fertilizer. AgLand’s parent, CleanBay Renewables is developing its first bioconversion facility in Maryland and is actively developing sites for future facilities on the Delmarva Peninsula, in the Southeastern United States and California. CleanBay’s powerful solution to reduce air, soil and water pollution is sustained by a robust economic model that provides businesses with an opportunity to offset their CO2 emissions, local farmers with an alternative use for their poultry litter, and a controlled-release fertilizer to increase food production and support healthy soils.

For more information, visit https://aglandrenewables.com and https://cleanbayrenewables.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210621005452/en/

Contacts

Andy Hallmark
Outreach Director
CleanBay Renewables
Andy@cleanbayrenewables.com

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