Cadiz signs long-term contract with El Paso Natural Gas.
International Resource News-October 25, 2023--Cadiz signs long-term contract with El Paso Natural Gas
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International Resource News - 25 October 2023
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Cadiz, Inc. (NASDAQ: CDZI/CDZIP), a California water solutions company, has signed a long-term contract with United States-based El Paso Natural Gas Company, LLC.
The contract has been signed to install a tap on El Paso's natural gas pipeline, which runs through the Cadiz Ranch property in the California eastern Mojave Desert. The gas tap will enable Cadiz to replace diesel engines with natural gas engines to power the firm's groundwater wellfield, pump stations and related facilities for its agriculture operations and the Cadiz Water Conservation, Supply and Storage Project (Cadiz Project). The high...
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