BP has agreed to buy Clean Energy Fuels Corp's biomethane production for $155m. BP will take control of Clean Energy's current biomethane production plants and two new production sites. Clean Energy said it would continue to collect environmental credits on gas purchased from BP and sold to end-consumers. The deal is the latest in a series of deals between BP, which owns about half of BP's oil reserves, and its partners that have helped push down prices on global markets. 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 Clean Energy Fuels Corp's biomethane production for $155m. BP will take control of Clean Energy's current biomethane production plants and two new production sites. The deal is the latest in a series of deals between BP, which owns about half of BP's oil reserves, and its partners that have helped push down prices on global markets. 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.