Brightmark, Chevron U.S.A expand RNG joint venture
Brightmark and Chevron U.S.A have expanded their previously announced joint venture, Brightmark RNG Holdings, to own projects across the US to produce and market dairy biomethane (RNG).
Brightmark RNG Holdings’ subsidiaries currently own RNG projects in Western New York, Western Michigan, Central Florida, and South Dakota.
Additional equity investments by each company in the joint venture will fund the construction of infrastructure and commercial operation of five new dairy biomethane projects in Michigan and Arizona. Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas.
“Working with Brightmark to add new projects underpins our commitment to supplying the world with affordable, reliable, and ever-cleaner energy,” Andy Walz, president of Chevron’s Americas Fuels & Lubricants.
“It’s an exciting time for Chevron as we continue to help advance the energy transition and help industries and consumers that use our products build a lower carbon future.”
Bob Powell, founder and CEO of Brightmark, commented: “We are delighted to expand our partnership with Chevron to further accelerate Brightmark’s mission to re-imagine waste and ambition of achieving a global net-zero carbon future.
“The joint venture’s current RNG projects are on track to become fully operational as planned and with this additional investment, we look forward to extending the reach of our lifecycle carbon-negative projects throughout the US, with plans for future international expansion.”
Brightmark RNG Holdings’ subsidiaries currently own RNG projects in Western New York, Western Michigan, Central Florida, and South Dakota.
Additional equity investments by each company in the joint venture will fund the construction of infrastructure and commercial operation of five new dairy biomethane projects in Michigan and Arizona. Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas.
“Working with Brightmark to add new projects underpins our commitment to supplying the world with affordable, reliable, and ever-cleaner energy,” Andy Walz, president of Chevron’s Americas Fuels & Lubricants.
“It’s an exciting time for Chevron as we continue to help advance the energy transition and help industries and consumers that use our products build a lower carbon future.”
Bob Powell, founder and CEO of Brightmark, commented: “We are delighted to expand our partnership with Chevron to further accelerate Brightmark’s mission to re-imagine waste and ambition of achieving a global net-zero carbon future.
“The joint venture’s current RNG projects are on track to become fully operational as planned and with this additional investment, we look forward to extending the reach of our lifecycle carbon-negative projects throughout the US, with plans for future international expansion.”
