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Total, Clean Energy Fuels Form US Biogas JV
Mar 5, 2021 12:15:pm
Summary
by: Joe Murphy
Posted in:
Total, Clean Energy Fuels Form US Biogas JV
France s Total has agreed to form a 50:50 joint venture with California-based Clean Energy Fuels to develop renewable natural gas (biogas) in the US, the latter company said on March 4.
The pair will initially commit $100mn to the joint venture, potentially increasing the investment to $400mn or more as development moves forward. Total will provide credit to support Clean Energy s development of the biogas value chain, including a $45mn sum for contracted fuelling infrastructure.
Clean Energy is the biggest supplier of gas as a transport fuel in the US, and the largest supplier under the California Low Carbon Fuel Standard (LCFS) programme. The gas can also be used to produce zero-carbon hydrogen and electricity, and still generate LCFS environmental credits.