https://wccftech.com/the-art-of-standing-out-the-merger-agreement-between-rice-acquisition-corp-rice-aria-energy-and-archaea-energy-shows-that-the-spac-boom-is-far-from-over/

Rice Acquisition Corp. (NYSE:RICE) shocked analysts yesterday when its shares surged over 50 percent in a move that is reminiscent of the SPAC heydays. Yesterday’s price action in Rice Acquisition shares, coupled with that in Mudrick Capital Acquisition Corp. (NASDAQ:MUDS) earlier in the week, shows that the SPAC boom remains very much alive.

Of course, the fact that this merger agreement is a trilateral one has served to boost interest in Rice Acquisition shares. To wit, the SPAC is now slated to merge with Aria Energy and Archaea Energy to create a leading platform for the production of Renewable Natural Gas (RNG) in the US. In order to produce RNG in a sustainable manner, the post-merger company plans to capture biogas from landfills and then use on-site processing to remove impurities and increase the concentration of methane to natural gas specifications. Landfills produce biogas at a predictable rate and can continue doing so for as many as 30 years after their closure. The resulting RNG can be used in trucks for transportation. In fact, Hyliion is one such company that retrofits ICE trucks with RNG kits to make them more environmentally friendly. Additionally, the RNG can be used to produce electricity or undergo further processing to make green hydrogen through steam-methane reforming.