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SoCal Biomethane, LLC Project (2021)

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Project

Solid Waste Disposal Revenue Notes Series 2021 (Direct Bank Purchase)

The SoCal Biomethane, LLC project closed on June 30, 2021. CPCFA issued $13,000,000 in tax-exempt notes.

SoCal Biomethane used the note proceeds for a portion of the costs of the acquisition, construction and/or equipping of a sewage treatment plant and biomethane plant. Note proceeds were used to upgrade an existing facility to include a high throughput, high efficiency anaerobic digestion system. Additionally, new biogas processing equipment was purchased to condition and upgrade the biogas produced by the digester into renewable natural gas that meets standards to be transported using the Southwest Gas natural gas pipeline.