BP has agreed to buy BP biomethane production for $155 million . BP said in a strategy update on Tuesday that it was exploring new investments in low-carbon forms of energy, a part of the industry in which it sees significant future business potential. Clean Energy Fuels Corp's will take control of BP current biomethane production plants and almost 600 new production sites. The sites capture the biomethane gas that is emitted from landfill waste sites, converting the gas into a fuel for transport. " Demand for renewable natural gas is growing quickly and BP is pleased to expand our supply capability in this area," said Alan Haywood , chief executive officer of BP 's supply and trading business.
BP has agreed to buy BP biomethane production for $155 million . Clean Energy Fuels Corp's will take control of BP current biomethane production plants and almost 600 new production sites. The sites capture the biomethane gas that is emitted from landfill waste sites, converting the gas into a fuel for transport. "Demand for renewable natural gas is growing quickly and BP is pleased to expand our supply capability in this area," said Alan Haywood , chief executive officer of BP 's supply and trading business.