City of Pasco and Burnham RNG Partner to Modernize Wastewater Treatment
Burnham RNG LLC (Burnham) announced today the issuance of green bonds to support the construction of the Pasco Resource Recovery Center (PRRC), an innovative industrial wastewater treatment facility that will clean wastewater for agricultural re-use and capture biogas and convert it into renewable natural gas (RNG). The bonds were issued by the Washington Economic Development Finance Authority and the private placement was led by Jefferies LLC. The bonds were issued a Baa3 rating by Moody’s and a Green Bond designation with an external review from Kestrel.
The project represents a 30-year public private partnership with the City of Pasco for Burnham to build, own and operate the PRRC on behalf of the City. The RNG will be sold under a long-term contract, allowing the City to reduce net treatment costs and take advantage of tax incentives currently available for RNG projects under the Inflation Reduction Act. The center will support the growth of the City’s booming agribusiness sector while turning wastewater into clean energy and providing clean water and nutrients to irrigate and fertilize City-owned farmland.
The project is being constructed under an EPC contract with Swinerton Builders, Inc. and will feature two Evoqua low-rate anaerobic digesters and an innovative nitrogen reduction system provided by Gross Wen Technologies.