By any measure, looking at it objectively, we’re off to a great start. When we looked at the available opportunities, it was either acquisition, or try to stand up an RNG platform company-we chose the latter … Our thesis was, if we could recruit the best people from the industry and then, turn loose-in a structured way-with a $300 million equity commitment from Warburg, we could find and deliver projects on a really accelerated timeline. Our equity sponsor, Warburg Pincus, really wanted find a way to get into the RNG space in a bit of a different way, but also rapidly. Benham: It’s an interesting story-one of entrepreneurship, deep technical expertise and a world class balance sheet coming together at the beginning of the company’s evolution, rather than further along.
BMM: Tell us about Viridis Energy and its origin, and what the company is all about. During the podcast, Benham discussed keys to project success, the landscape of the RNG sector and how it has changed over the years. He also held the title of CEO of Air Liquide Advanced Technologies, U.S. Before Viridi, he spent more than 10 years working for Air Liquide, spearheading gas processing, biogas and midstream development projects. Benham has held leadership positions in the gas separation and biogas processing business for the past 15 years. Viridi Energy’s Chet Benham was the guest on Season 2, Episode 5, of the Biomass Magazine podcast.
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