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Clean Energy and Total Sign Joint Venture to Develop Carbon-Negative Fuel and Infrastructure

NEWPORT BEACH, Calif. (BUSINESS WIRE) Mar 4, 2021 Clean Energy Fuels Corp. (Nasdaq: CLNE) and its largest shareholder, Total SE, today announced a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the United States, as well as credit support to build additional downstream RNG fueling infrastructure. The initial firm commitment is $100 million and can increase to $400 million as development opportunities progress. Since Clean Energy and Total will be providing the equity portion of the investments, the actual amount of capital invested in RNG projects may be higher than $400 million depending on the amount of leverage that is deployed. ....

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Clean Energy to Make More Carbon-Negative Fuel Available for Transportation with bp


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 significant ....

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