Brightmark LLC and Chevron U.S.A. Inc. announced this Wednesday they would expand their joint venture, Brightmark RNG Holdings LLC. Therefore, this JV is aimed to own projects across the United States to produce and market dairy biomethane.
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Brightmark RNG to strengthen its projects
Earlier today, Brightmark LLC and Chevron U.S.A. Inc. announced the expansion of Birghtmark RNG Holdings LLC., their joint venture to own renewable natural gas (RNG). Accordingly, the owned projects would produce and market dairy biomethane.
Specifically, Brightmark RNG Holdings LLC currently owns RNG projects in Western New York, Western Michigan, Central Florida, and South Dakota. Additionally, it manages equity investments in the joint venture. Indeed, the JV will fund the construction of infrastructure and commercial operation of five new dairy biomethane projects in Michigan and Arizona.
Similarly, Chevron will purchase RNG from these projects and market the volumes for use in vehicles.
Andy Walz, president of Chevron’s Americas Fuels & Lubricants, said, “working with Brightmark RNG to add new projects. In fact, this underpins our commitment to supplying the world with affordable, reliable, and ever-cleaner energy.”
Furthermore, “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.”
Then, “we are delighted to expand our partnership with Chevron to accelerate Brightmark RNG ‘s mission further. Moreover, this goal aims to reimagine waste and ambition of achieving a global net-zero carbon future,” said Bob Powell, Founder, and CEO of Brightmark.
Besides, “the joint venture’s current RNG projects are on track to become fully operational as planned. Also, with this additional investment, we look forward to extending the reach of our lifecycle carbon-negative projects throughout the U.S., with plans for future international expansion.”
About Chevron and Brightmark
Chevron U.S.A. Inc. is a subsidiary of Chevron Corporation. In fact, this is one of the world’s leading integrated energy companies. Therefore, through its subsidiaries that conduct business worldwide, Chevron Corp involves in virtually every facet of the energy industry.
Thus, Chevron explores for, produces, and transports crude oil and natural gas; refines, markets, and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power, and develops and deploys technologies that enhance business value in every aspect of the company’s operations. The company is based in San Ramon, CA.
On the other hand, Brightmark is a global waste solutions company with a mission to reimagine waste. Therefore, the company takes a holistic, close loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future.
Finally, this is possible by deploying disruptive, breakthrough waste-to-energy solutions focused on plastics renewal (plastic waste-to-fuel) and renewable natural gas (organic waste-to-fuel).
Furthermore, Brightmark enables programs to build scalable project solutions that positively impact the world and communities in which its stakeholders live and work.