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Gevo to Sell Renewable Natural Gas to bp – Advanced BioFuels USA
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NA Proactive news snapshot: Sanatana Resources Inc, Gevo Inc, CO2 GRO Inc, Hannan Metals Limited, TRACON Pharmaceuticals Inc UPDATE
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Gevo Inc says it will sell renewable natural gas to BP
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Roxana, Wood River resident sues refineries, alleges cancer from exposure to toxic chemicals
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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