Oil Major BP Buys Boone Pickens’ Clean Energy Assets

By Jon LeSage BP is investing $155 million in production facilities for Clean Energy Fuels Corp.’s Redeem-branded renewable natural gas. The deal supports both companies’ role in the future of RNG, or biomethane, for fleets and transport companies to hit emissions regulation targets and to help fulfill growing fuel demand in the natural gas vehicle market. BP is paying for Clean Energy’s existing biomethane production facilities, its share of two new facilities, and its existing third party supply contracts for RNG. The oil company will continue…

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