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- Clean Energy Fuels (NASDAQ:CLNE) +3.2% pre-market after saying it is enhancing its renewable natural gas joint venture with BP to finance and develop new projects at U.S. dairy farms.
- The companies say the dairy farms in Iowa and South Dakota have the potential to convert methane produced from waste into 7M-plus gallons of RNG annually.
- Dynamic Holdings will oversee construction and develop and operate the facilities following the execution of an agreement with the JV to execute multiple phases of dairy RNG projects.
- The first RNG production facility is expected to be operational next year.
- Each company has committed to provide initial $50M investments to the 50-50 venture, which was first announced in April.