Nexus W2V attracts funding for waste conversion project in Indiana

Greenville, South Carolina-based Nexus W2V has closed a $75 million structured equity commitment it says will enable it to build an organics-to-renewable natural gas (RNG) plant in La Porte, Indiana, about 70 miles southeast of Chicago.

Orion Infrastructure Capital (OIC), New York, Nexus W2V's anchor investor, and the company also is receiving funding from Nexus Holdings, Khasma Capital and Ameris Bank.

The waste conversion technology firm has now issued notice to proceed with the construction of the facility in La Porte, to be known as the Kingsbury Bioenergy Complex, which has been designed to turn source-separated organics into RNG.

“National waste is on the rise, and the legislation around waste management is quickly evolving to drive meaningful change across the industry,” Nexus Holdings CEO Ben Hubbard says. “Nexus W2V is embracing that change and providing a cost-competitive alternative waste disposal method that’s positive for both energy production and the environment.”

In addition to RNG, Nexus W2V technology also produces compost products and biochar. The firm says it is led by waste and energy industry veterans with decades of combined experience in industrial design and construction, “bioenergy development and regenerative agriculture.”

“In conjunction with our newly forged capital partnership, Nexus W2V is well prepared to deliver industry-leading projects in the waste-to-value sector across North America, and OIC is excited to play a part in deploying these innovative solutions supporting sustainable landfill diversion and the reduction of associated emissions,” says Chris Leary, an investment partner at OIC.

The Nexus W2V is expected to process 200 tons of organic waste daily into RNG and other products. The RNG will be injected into Northern Indiana’s existing pipeline system and is expected to be fully operational by the end of 2026, according to the company.

“The Kingsbury Bioenergy Complex will offer the greater Chicago area and western Indiana a long-term solution to their organic waste disposal needs,” Nexus W2V CEO Roshan Vani says. "It’s the first in a series of waste-to-value projects that Nexus W2V has planned nationwide and serves as a blueprint for how we plan to think about the waste-to-value ecosystem."