Chevron U.S.A. Inc., a subsidiary of Chevron Corp., has acquired Beyond6 LLC and its 55 compressed natural gas stations (CNG) across the U.S. from Chevron’s current B6 co-owners, a subsidiary of Mercuria Energy Trading and B6 CEO Andrew West.
Through collaborations with Brightmark LLC and California Bioenergy LLC, Chevron works to develop projects across the U.S. designed to convert methane emissions from dairies to renewable natural gas (RNG). With this deal, Chevron aims to market the renewable natural gas it produces or procures through its work of compressed natural gas locations. As part of the transaction, Mercuria and Chevron will enter into a supply relationship to deliver renewable natural gas to Chevron.
“B6 represents a best-in-class operator in the build-out of a renewable natural gas network, and Mercuria has been excited to help the company grow from a stand-alone business to one that can help drive growth under Chevron,” says Brian Falik, Mercuria’s chief investment officer. “The partnership with Chevron has been a great success, and we look forward to helping them supply renewable fueling solutions to their customers.”