OPAL Fuels Inc. is a U.S.-based company focused on the production and distribution of renewable natural gas (RNG). It is listed on the NASDAQ under the ticker “OPAL”. The business model is centered on capturing methane emissions—from sources such as landfills and dairy farms—and converting this gas into pipeline-quality RNG. From there, OPAL distributes the RNG as a heavy-duty transport fuel, targeting Class 8 truck fleets and other industrial applications.
OPAL operates a vertically-integrated model that spans upstream and downstream activity. On the upstream side, the company captures methane emissions at their source, purifies them to create RNG, and then injects them into pipelines or uses them directly in fueling operations. Downstream, OPAL works with fleets to provide fueling stations, distribution services, and infrastructure solutions, enabling fleets to transition from diesel to RNG with minimal operational changes. Moreover, OPAL markets the environmental benefit of RNG—highlighting that the fuel can reduce greenhouse-gas emissions significantly when used in place of diesel in heavy trucks.
The company frames its role as helping heavy-duty transportation fleets “go net-zero now” by switching to RNG fuel rather than waiting for longer-term technologies. It emphasizes cost-competitiveness, stating that the cost of RNG via its model can be notably lower than diesel, and promotes the advantage of converting existing fleet equipment with minimal modification. OPAL also pursues growth through expansion of its fueling network and project development for feed-stock sites (e.g., landfills, dairies) to generate more RNG volume.