Brightmark and Chevron USA have announced a second expansion of their previously announced joint venture, Brightmark RNG Holdings, to own projects across the US to produce and market dairy biomethane, a renewable natural gas (RNG).
Brightmark RNG Holdings’s subsidiaries currently own RNG projects in New York, Michigan, Florida, South Dakota and Arizona. Additional equity investments by each company in the joint venture will fund construction of infrastructure and commercial operation of 10 dairy biomethane projects, including new sites in Iowa and Wisconsin and additional sites in Michigan and South Dakota.
Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas.
“This latest expansion with Brightmark advances our strategy of higher returns and lower carbon,” said Andy Walz, president of Chevron’s Americas Fuels & Lubricants. “Opportunities like these not only reaffirm our commitment to investing in ways that are good for the environment, our consumers and our stockholders, they also bolster our previously announced objective to increase RNG volumes tenfold by 2025 over 2020 volumes.”
For more information visit: www.chevron.com
