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Peloton, Tesla fall; Harley-Davidson, GameStop rise

Peloton, Tesla fall; Harley-Davidson, GameStop rise
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Clean Energy Fuels, BP Create JV for RNG Fuel Production – Advanced BioFuels USA

by Roger Gilroy (Transport Topics) Clean Energy Fuels Corp. announced it finalized a joint venture with BP Products North America Inc., a subsidiary of BP, to develop, own and operate new renewable natural gas projects at dairies and other agriculture facilities. Each company will retain 50% voting control in the joint venture, which will be initially funded with $50 million previously provided by BP and another $30 million from Clean Energy. The joint venture anticipates adding preferred stock and debt to increase committed investment capital, according to Clean Energy. It is based in Newport Beach, Calif., and will be the operating partner. READ  MORE

BP & Clean Energy Form Joint Venture Around Renewable Natural Gas

BP & Clean Energy Form Joint Venture Around Renewable Natural Gas CHICAGO BP Products North America Inc., a subsidiary of BP plc, has finalized a joint venture with Clean Energy Fuels Corp. to develop, own and operate new renewable natural gas (RNG) projects at dairies and other agriculture facilities. Each company will have 50 percent voting control in the joint venture, which is initially funded with $50 million previously provided by BP and $40 million from Clean Energy. The joint ventures anticipated adding preferred stock and debt to increase committed investment capital, according to the announcement. Clean Energy will serve as the operating partner.

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