Powder tea The basin RNG and carbon sequestration project are expected to contribute cumulatively 631 million dollars for Wyoming GDP over 20 years
DENVER and GILLETTE, Wyo., November 13, 2023 /PRNewswire/ — Cowboy Clean Fuels, LLC (“CCF”, “we”, “us”, “our” or the “Company”), is a leading energy technology company. announced today that it has produced carbon-negative, renewable natural gas (“RNG”) from readily available agricultural products using patented technology. Wyoming The Center for Business and Economic Analysis (“CBEA”) has completed an independent review of the Company’s preliminary project in the Power River basin, confirming the project’s significant impact on the country. Wyoming economy.
A comprehensive CBEA analysis of the expected economic impact of CCF’s first off-site project Gillette, Wyoming It concluded that the project would support 221 direct and indirect jobs in 2025, including 168 jobs in construction alone. By 2027, when the project is fully expanded, it will result 8.8 million dollars supports state and local governments in tax revenue and 66 jobs. In addition, CBEA also estimates that CCF’s business operations from 2028 to 2043 will contribute more. 36 million dollars added value to Wyoming Including GDP every year 7.4 million dollars with annual salary.
CCF’s innovative, field-tested process uses non-producing Coal Bed Methane (“CBM”) wells and existing infrastructure in the Powder River Basin to permanently sequester carbon dioxide and produce renewable methane through a naturally occurring biogenic process such as anaerobic digestion does. occurs in deep, geological formations. The CBM industry has historically made a significant economic contribution Wyoming but it has entered an irreversible decline, which has shown a lot 10 billion dollars uneconomic due to existing energy infrastructure and remaining CBM hydrocarbon resource due to historically low natural gas prices. CCF’s carbon sequestration and renewable natural gas production technology and process have the potential to restore economic viability, restore jobs and sustain support for the region’s energy infrastructure. Gillette, Johnson and Campbell Counties, farmers and other landowners through the payment of mineral royalties, taxes and surface rents.
The company’s special technology Cowboy Clean Fuels co-founder and chief technology officer Dr. Michael UrynowiczPh.D, at, and exclusively licensed, University of Wyoming Biogen Center for Natural Gas Research. The company’s world-class leadership team has more than 100 years of experience in clean energy technology commercialization, upstream gas operations and large-scale power project development. Carbon Dioxide Removal (“CDR”) and RNG are important and fast-growing sectors addressing climate change, attracting billions in investment capital supporting the energy transition in recent years. The company’s technology is the first clean energy-positive process that results in the actual removal and sequestration of atmospheric carbon dioxide, rather than reducing or preventing future emissions, and has a broad environmental impact.
Ryan WaddingtonCowboy Clean Fuels CEO stated, “It’s an exciting time at Cowboy Clean Fuels as we work to commercialize our first RNG and CDR project in the Powder River Basin. We are pleased that CBEA’s independent analysis confirms the significant economic impact we will have on Wyoming. We are also proud to contribute Wyoming economic growth and the development of its vast potential for carbon sequestration and clean energy.”
David AadlandDirector of the Center for Business and Economic Analysis and University of Wyoming The College of Business commented, “Estimates in this CBEA study indicate that the initial CCF project will not only contribute significantly. Wyoming economy and creating a significant number of high-quality jobs, and it will do so more sustainably than traditional natural gas production.”
COWBOY ABOUT CLEAN FUEL
Cowboy Clean Fuels a Denver, ColoradoA growing renewable energy technology company founded in 2020. Cowboy Clean Fuels uses an innovative, field-tested process to naturally produce renewable natural gas (RNG) from agricultural products using non-mining Coal Bed Methane (“CBM”) wells and infrastructure. – a biogenic process similar to anaerobic digestion that occurs in deep, geological formations. A process that coincides with RNG production results in permanent sequestration of CO2 removed from the atmosphere in the same deep, geological formations. The company’s proprietary and patented technology Cowboy Clean Fuels co-founder and chief technology officer Dr. Michael UrynowiczPh.D, at, and exclusively licensed, University of Wyoming Biogen Center for Natural Gas Research. The company’s world-class leadership team has more than 100 years of experience in clean energy technology commercialization, upstream gas operations and large-scale power project development.
ABOUT WYOMING CENTER FOR BUSINESS AND ECONOMIC ANALYSIS
The Center for Business and Economic Analysis supports economic growth and diversification Wyoming’s Economics through applied economic and business analytics for communities, industries and entrepreneurs who want to thrive and thrive Wyoming. The center was established in 2019 within the College of Business at the University of Wyoming. CBEA is a member of the University Business and Economic Research Association and has expertise in economic development, education economics, energy economics and environmental economics, among others. CBEA mainly provides the following activities: Convenience Assessment, Data Analytics, Economic and Fiscal Impact, Economic Modeling and Forecasting
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SOURCE Cowboy Clean Fuels