Chevron, Brightmark Partner on Dairy Biomethane Fuel Projects
Brightmark LLC and Chevron U.S.A. Inc. today announced the formation of a joint venture, Brightmark RNG Holdings LLC, to own projects across the United States to produce and market dairy biomethane, a renewable natural gas (RNG).
Equity investments by each company in the new venture will fund construction of infrastructure and commercial operation of dairy biomethane projects in multiple states. Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas. Marathon Capital acted as exclusive financial advisor to Brightmark in establishing the partnership with Chevron.
By San Ramon, CA and San Francisco, CA (Business Wire)