Amp Americas Sells Off CNG Stations
Amp Americas has closed a deal to sell 20 of its compressed natural gas fueling stations to American Natural Gas for $41 million, the company announced.
Amp Americas has closed a deal to sell 20 of its compressed natural gas fueling stations to American Natural Gas for $41 million, the company announced.
The sale will allow ANG to expand its fueling network to more than 60 CNG stations.
Following the sale, Amp Americas will turn its focus to its Indiana biogas operations through its Renewable Dairy Fuels business unit. The company plans to break ground on two additional dairly biogas operations later this year.
"ANG shares in our vision of reducing greenhouse gas emissions and moving the alternative fuel industry forward," said Grant Zimmerman, CEO of Amp Americas. "This transaction gives us substantial runway for our next phase of growth and enables us to focus on our growing pipeline of dairy RNG projects."
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