Page 11 - NorthAmOil Week 46 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

CRC will support the project by providing biogas facility to generate RNG. The proposed Through collaborations with Brightmark and
a testing site and infrastructure to supply project is expected to be completed in California Bioenergy, Chevron is developing
production fluids in addition to continued the second half of 2024 and include the projects across the United States designed
engineering support for CRC assets and construction of gas upgrading equipment to convert fugitive methane emissions from
facilities. Potential benefits for CRC include at the existing facility. Once completed, the dairies to a beneficial use as renewable natural
decreased emissions, postponement of asset project is expected to produce approximately gas, which can be considered carbon negative
retirement obligations, and an increase in 35mn cubic feet of RNG annually that will on a lifecycle basis under California’s Low
power reliability. Successful demonstration be delivered to a local natural gas pipeline Carbon Fuel Standard. With this acquisition,
of the commercial and technical elements of serving the regional distribution system. Chevron can market the RNG it either
the pilot are expected to scale to additional UGIES’ subsidiary, GHI Energy, will be the produces or procures through a nationwide
installations on CRC’s assets, targeting 6MW exclusive marketer for Cayuga RNG. network of CNG locations.
of total power production. “RNG continues to be a key platform for “Chevron has seen strong demand for
ICE THERMAL HARVESTING AND CALIFORNIA growth at UGI and we are excited to partner our RNG-to-CNG fuel offering from new
RESOURCES CORP., November 15, 2022 with New Hope to expand our RNG business and existing customers,” said Andy Walz,
in New York, where we just celebrated our first Chevron’s president of Americas Products.
UGI announces its fifth project being placed in service last month,” “Because of its carbon negative attribute and
said Robert F. Beard, executive vice president - the ability of fleet operators to efficiently adapt
renewable natural gas natural gas, UGI. vehicles to run on CNG, renewable natural
gas can be a lower carbon solution for fleets
UGI, November 15, 2022
project in upstate New York seeking to reduce their lifecycle greenhouse
gas emissions.”
UGI announced today that Cayuga RNG Chevron to acquire full Mercuria and Chevron will enter into
has entered into an agreement to develop its ownership of Beyond6 CNG a long-term supply relationship to deliver
fifth project to produce renewable natural gas renewable natural gas to Chevron as part of
(RNG) in upstate New York. Cayuga RNG fuelling network the transaction.
is a joint venture of UGI Energy Services “B6 represents a best-in-class operator
(UGIES), a subsidiary of UGI, and Global Chevron USA, a subsidiary of Chevron in the build-out of a renewable natural gas
Common Ventures (GCV). Corp., announced today it signed a definitive network, and Mercuria has been excited
“We are excited to partner with Global agreement to acquire full ownership of to help the company grow from a stand-
Common and UGI to revitalise our digester Beyond6, LLC (B6) and its network of 55 alone business to one that can help drive
and create renewable energy,” said Sarah Head, compressed natural gas (CNG) stations across growth under Chevron,” said Brian A. Falik,
of New Hope. “We feel it is a huge benefit to the United States from Chevron’s current B6 Mercuria’s chief investment officer. “The
our farm, community and environment to co-owners, a subsidiary of Mercuria Energy partnership with Chevron has been a great
lower our emissions while creating sustainable Trading (Mercuria) and B6 CEO Andrew success, and we look forward to helping them
energy. It is the future of our industry as well West. supply renewable fuelling solutions to their
as our energy production.” Chevron is complementing the strength customers.”
This new project will be constructed at of its traditional products business with new The transaction is subject to customary
New Hope View Farms, which is located in offerings that help customers support a lower closing conditions.
Cortland County in upstate New York. The carbon future, and renewable natural gas is CHEVRON, November 17, 2022
project will modify an existing anaerobic an essential part of its portfolio of solutions.

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