Chevron, BP Among Major Players Snagging RNG Investments
A Chevron Corp. subsidiary has inked an agreement to supply Walmart Inc. with compressed natural gas linked to renewable natural gas production. Beginning in early 2023, Walmart plans to add Cummins Inc.’s 15-liter CNG-fired engines to some of its heavy-duty trucks. Two years ago, Chevron partnered with San Francisco-based Brightmark LLC and co-developed 19 RNG projects across the United States.
Meanwhile, Gevo Inc. said its Iowa RNG project has been producing and is now upgrading the project to inject RNG into the gas pipeline for BP Canada Energy Marketing Corp. and BP Products North America Inc. The project, which came online in late January, is expected to produce about 355,000 MMBtu/year once at full operational capacity.