Yahoo Finance Clean Energy and Maas Energy Works to build RNG dairy production plants
May 14 (Reuters) - Renewable energy firm Clean Energy Fuels said on Tuesday it will jointly develop renewable natural gas (RNG) production plants at dairy farms across seven states in the U.S. with RNG producer Maas Energy Works.
The project will collect manure from dairies with a combined herd size of about 35,000 cows, preventing methane emissions from entering the atmosphere.
CONTEXT
Farming activities, including livestock, accounted for 10.6% of country's greenhouse gas emissions in 2021, according to data from the U.S. Department of Agriculture.
The U.S. Environmental Protection Agency estimated that agriculture emitted 278.4 million metric tons of methane in the year.
WHY IT IS IMPORTANT
President Joe Biden passed the largest climate change legislation in U.S. history in 2022, meant to kick off a boom in American clean energy development including RNG.
As countries are pushing for clean energy, companies are investing in RNG production facilities as it is expected to replace natural gas and reduce emissions.
Kinder Morgan executives said last year the U.S. funding for clean energy projects will help the energy pipeline operator accelerate its investments in RNG and carbon sequestration.
BY THE NUMBERS
The nine sites are expected to cost about $130 million and will be financed by Clean Energy.
The projects are expected to be completed in 2026 and will produce about 4 million gallons of RNG annually and will be distributed as transportation fuel at Clean Energy's RNG stations.
KEY QUOTES
"This JV brings together expertise from a seasoned RNG developer and producer and Clean Energy's extensive RNG distribution network and growing RNG customer base." said Clay Corbus, senior vice president at Clean Energy. (Reporting by Tanay Dhumal in Bengaluru; Editing by Vijay Kishore)
