Rome-Floyd Development Authority to issue $100M in bonds on behalf of Synthica Energy
The Rome-Floyd Development Authority approved a resolution to begin the process of issuing $120 million in revenue bonds on behalf of Synthica Energy, which is constructing a new renewable natural gas facility. The Cincinnati, Ohio-based renewable natural gas development company broke ground in October 2024 on the facility, located in the Northwest Regional Industrial Park at West Hermitage Road and Old Shannon Road. According to RFDA Attorney Lee Carter, the authority is simply serving as a conduit, and there will be no burden to the taxpayers of Rome and Floyd County. “This is part of a program under Georgia and federal law,” RFDA President and CEO Spencer Hogg said. “And there is zero liability for Floyd County residents. None. All