Thursday, March 4, 2021

Clean Energy In $400M Joint Venture With Total SE

Newport Beach-based renewable natural gas producer Clean Energy Fuels, which produces natural gas from methane captured from decomposing organic waste, says it is in a $400M joint venture with energy giant Total SE. According to the companies, they are in a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the United States, as well as credit support to build additional downstream RNG fueling infrastructure. Clean Energy says Total SE is investing $100M initially, which can increase to $400M depending on development progress. Clean Energy says it is producing natural gas by capturing carbon emissions from dairies, which it says provides "carbon negative" benefits.