Dan Rice Bets $1 Billion that Landfill Gas is the Next Big Thing

Dan Rice IV, former CEO of Rice Energy and a board member of EQT Corp. (where his younger brother is now the CEO), is making a big bet--we'd call it a gamble--of $1 billion on so-called renewable natural gas, mainly from landfills. Rice's "blank-check" acquisition firm, called Rice Acquisition Corp., is acquiring and merging together Archaea Energy ($347 million) and Aria Energy ($680 million) into a single company focused on providing renewable natural gas (RNG) and "green" hydrogen.

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