May 26, 2022 – Sevana Bioenergy is proud to announce today an agreement through its subsidiary MBL Bioenergy to develop the first set of renewable natural gas (“RNG”) projects in South Dakota following the financial closing of the Idaho project in 2021 (currently in the commissioning stage). In total, the project will represent over $70 million of investment by MBL Bioenergy, of which 100% of the funds will be provided by UGIES. MBL Bioenergy is a joint venture partnership between UGIES, Sevana Bioenergy and a subsidiary of California Bioenergy, with the sole purpose of developing RNG projects in South Dakota. The first set of projects, known as a cluster, will be built at three farms located north of Sioux Falls, SD, and is expected to generate approximately 300 million cubic feet of RNG annually once completed in calendar year 2024. Dairy waste from the farms will be anaerobically digested and then piped to a central upgrading facility before it is delivered into the interstate natural gas system near Dell Rapids, SD. “Sevana brought together exceptional partners to build this industry-leading RNG project. It is an important milestone and respectable size and first of its kind. We are working on expeditiously finalizing the development of other similar projects. We are excited to strengthen our existing relationship with our investors, development and industrial partners as we are committed to decarbonize transportation fuels through our program” said Steve Compton, President of Sevana. “We appreciate the opportunity to work closely with the South Dakota farmers and communities to provide long-term benefit the local economy and environment.”