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by Matthew Mercure (NGT News) Clean Energy Fuels Corp., a provider of renewable natural gas (RNG) as a transportation fuel in the U.S. and Canada, and Total S.E. have entered a memorandum of understanding (MoU) to create a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the U.S., as well as credit support to build additional downstream RNG fueling infrastructure.
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The companies have already partnered to expand the use of RNG in the heavy-duty truck market with its Zero Now program, which allows fleets to purchase natural gas trucks for the same price as diesel trucks. The demand for carbon-negative RNG, which is derived from dairies and other agricultural facilities, has rapidly accelerated through the program.
NGT News
December 22, 2020
Clean Energy Fuels Corp. says it will work with BP Products North America Inc., a subsidiary of bp, to develop, own and operate new renewable natural gas (RNG) facilities at dairies and other agriculture facilities.
Carbon emissions captured from dairies and turned into a transportation fuel reduce the harmful effects on long-term climate change. As a result, the California Air Resources Board gives these carbon-negative RNG projects a carbon intensity (CI) Score (gCO2e/MJ) of -250 (or lower) compared to 97 for diesel and 46 for electric batteries. The demand for this carbon-negative fuel has significantly accelerated over the last few years. Some of the largest heavy-duty fleets in the world such as UPS, Republic Services, New York Metropolitan Transportation Authority and LA Metro are currently and successfully operating tens of thousands of vehicles on RNG.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Clean Energy to Make More Carbon-Negative Fuel Available for Transportation with bp
December 21, 2020 GMT
NEWPORT BEACH, Calif. (BUSINESS WIRE) Dec 21, 2020
Clean Energy Fuels Corp. (Nasdaq: CLNE ) today announced plans that it will work with BP Products North America Inc., a subsidiary of BP p.l.c. (NYSE: BP), to develop, own and operate new renewable natural gas (RNG) facilities at dairies and other agriculture facilities that will produce one of the cleanest fuels in the world.
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Carbon emissions captured from dairies and turned into a transportation fuel reduce the harmful effects on long-term climate change. As a result, the California Air Resources Board gives these carbon-negative RNG projects a CI Score (gCO2e/MJ) of -250 (or lower) compared to 97 for diesel and 46 for electric batteries. The demand for this carbon-negative fuel has significantly accelerated over t
Is Renewable Energy Group (REGI) a Smart Buy for 2021?
REGI – Renewable Energy Group (REGI) has plenty of room for growth based on a few factors, not least of which is a commitment by the forthcoming Biden presidential administration to implement environmental policy and to pursue environmental investments. Further, growing demand for robust biodiesel and low-carbon fuels suggests that the renewable fuel industry is at an inflection point, which also bodes well for REGI stock. Let’s take a closer look at the stock.
Dec 22, 2020
Renewable Energy Group, Inc. (REGI) is a leading provider of low-carbon transportation fuels, operating through Biomass-Based Diesel, Services, and Corporate and Other segments. The company also sells petroleum-based heating oils and diesel fuels and operates fermentation facilities. It owns and operates a network of 13 biorefineries in the United States and Europe.