How solid is it /
Selling gas to get liquid? /
Don’t get in a state!
Biffa is supposedly trying to transform into a company that turns waste into energy, so why sell a division that does just that? Maybe LPs need distributions…not that distributing money to LPs is necessarily a bad thing, of course!
Of course, landfill gas collection is only a viable business as long as there are landfills producing gas. Given that landfills are increasingly unpopular with government and the general public and that collection of gas is only really viable for 20 years or so from each site, this is a pretty smart way to return some cash to invetors with out too adversely affecting the resale price of the business.