Chevron, Brightmark expand biomethane partnership
Oil and gas major Chevron said August 24 it was expanding its joint venture with biomethane producer Brightmark, the second such agreement this year.
The partners announced “additional equity investments” would support the construction of the infrastructure necessary to bring 10 dairy farm-sourced methane projects to commercial service across Midwest states and South Dakota. The development timelines and financial commitments were not specified.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.
Under the terms of the agreement, Chevron will purchase the biomethane from the new facilities and market it for use in vehicles powered by compressed natural gas. Building on projects already up and running in Arizona, Florida, Michigan and South Dakota, Brightmark said the expansion has multi-sector benefits.
“Our carbon-negative projects are successfully reimagining waste and delivering significant environmental benefits, while improving economics for our dairy farm partners,” Brightmark CEO Bob Powell said.
Waste-to-gas company Brightmark said in June it had started work on three biomethane facilities in Michigan that will rely on animal waste as a feedstock. Energy companies are drawing on manure, as well as landfill gas, to produce renewable natural gas (RNG).
Brightmark in February joined forces with Chevron, announcing plans to inject equity into a joint venture that would build and operate five dairy biomethane projects in Michigan and Arizona.