Business Wire·Dec 10, 2025, 10:00 AM ET

Toby Z. Rice Personally Leads Strategic Investment Round in Orbital Biocarbon to Scale Critical Utility Infrastructure

Orbital Biocarbon announced the closing of a strategic investment round featuring a personal investment from Toby Z. Rice.
Toby Z. Rice serves as a long-term strategic shareholder, leveraging his background as an operator of large-scale energy & waste-to-value infrastructure.
The investment aims to accelerate the deployment of cleaner, more reliable, & lower-cost sludge-disposal services for wastewater utilities facing rising costs & regulatory tightening.
Orbital's model utilizes proven thermal technology in standardized, modular facilities designed for 24/7 operations & scalable capacity.
John Day, Orbital's president & co-founder, identified Rice's infrastructure success as ideal for advancing the company's mission.
Toby Z. Rice highlighted the transition of difficult waste problems into critical infrastructure & noted the planned facility deployment in the Pittsburgh region.
Rice is the president & CEO of EQT Corporation & a founding partner of the Rice Investment Group, with a history of major energy transactions including the $8.2 billion sale of Rice Energy.
Rice's participation is in his personal capacity & does not constitute an endorsement or investment by EQT Corporation, the Rice Investment Group, or their affiliates.
Rice will not be involved in the day-to-day management of Orbital Biocarbon.
Orbital Biocarbon provides contracted sewage-sludge disposal capacity to stabilize costs & reduce risks for utilities beyond landfills & incineration.