A unit of Chevron CVX announced a partnership with the waste management firm, Brightmark Energy, to manufacture and market dairy biomethane, which is a type of a renewable natural gas (“RNG”), containing methane emissions. The drive comes as fossil-fuel manufacturers are under intense pressure to lower greenhouse gas emissions to mitigate climate change.

The joint venture will provide funds for the infrastructural developments and commercial transactions of dairy biomethane projects in multiple states of the United States. Chevron will purchase the natural gas produced from these projects to market as transportation fuel. The natural gas is made from emissions from cattle burps. During the digestive process, sheep and cattle release methane, which is used to produce RNG for vehicles.

Chevron’s objective is to improve the development process of reliable and affordable energy and to invest in companies addressing greenhouse gas emissions as stated by Andy Walz, president of Americas Products for Chevron. Currently, the company is working on advancing the use of renewables, making targeted investments and establishing partnerships in emerging sources of energy.

On its part, Brightmark is planning to attain a global net-zero carbon future. Importantly, the company organizes lifecycle carbon-negative projects all over the world to improve ecological health with significantly less waste and for economical advancement.

About Chevron & Price Performance

Chevron, headquartered in San Ramon, CA, is one of the largest publicly traded oil and gas companies in the world, with operations in almost every corner of the globe. Its shares have outperformed the Zacks Oil & Gas Integrated industry in the past 6 months. Shares of Chevron have lost 12.8% compared with the 19.6% decline of the composite stocks belonging to the industry.

 

 

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FAIRFIELD — The town is one step closer to accepting an additional $300,000 for the wastewater treatment plant hardening project, which aims to make the site more resistant to coastal flooding.

The Board of Finance unanimously approved a resolution to accept a Community Development Block Grant-Disaster Recovery at a recent meeting.

Town officials reached out to the state — which administers the grant for the federal government — to request more funding after contaminants were found at the plant during construction on the project, said Brian Carey, the acting director of the Public Works Department.

“The state was able to come up with additional funding for us in the amount of $300,000,” Carey said. “So, we’re just back in front of the Board of Selectmen and Board of Finance at this time to get the agreement signed so that we can acquire that (funding).”

In February, First Selectwoman Brenda Kupchick said the project would cost a total of $7.4 million but $3.33 million would be funded through a grant from the United States Department of Housing and Urban Development.


Carey said workers noticed oily water coming in from one of the excavations about six weeks into the work, which started in March and April. The water was tested and showed petroleum and PCBs.

“We actually ended up having to do soil testing, and the extent of that has just grown over time as we’ve discovered that there’s PCBs pretty much throughout the northeast corner of the site and, then, sporadically through the rest of the site,” Carey said, who has previously stated the contaminants are unrelated to the fill pile scandal.

The town is working with its licensed environmental professional, Tighe and Bond, as well as with the Connecticut Department of Energy and Environmental Protection and U.S. Environmental Protection Agency

LAKEWOOD, Ohio — Nearly two weeks after Lakewood announced it reached an agreement to part ways with Carnegie Management and Development Corporation regarding the proposed $72 million mixed-use One Lakewood Place development, city officials are talking about the decision.

“We’re paying Carnegie $255,000 to avoid future litigation, which could tie up the site for years to come,” Lakewood Mayor Meghan George said. “We believe this was in the best interest of the city.

“My focus is to ensure that we’re in the best position to move forward. The outcome of this settlement allows the city to begin a new chapter with a new developer on this site. We’re looking forward to that.”

The mayor noted the agreement includes the city retaining Carnegie-completed market studies, surveys and geotechnical reports that will provide value for any future developer.

“It’s disappointing that this partnership fell through,” Lakewood City Council President Daniel J. O’Malley said. “We wanted to have some finality about the matter, so we reached a settlement with Carnegie. It’s very important that that site not be encumbered by any litigation or potential litigation. It bought our freedom.

“You have cities that have these sites tied up for 30 years with litigation. This allows us to avoid that. We’re also conscious of the fact that lawsuits are expensive, even if you win. The settlement amount we reached with Carnegie is a fraction of what we’d likely spend on attorney fees alone.”

Located on the 5.7-acre site of the former Lakewood Hospital at the corner of Detroit and Belle avenues, One Lakewood Place included 200 apartments and 12 townhomes with retail and office spaces.

The mayor noted resetting the project could bring changes to the next development.

“This provides us an opportunity to re-examine the site,” George said. “There are some things that

(Reuters) – Oil major Chevron Corp’s

U.S. unit and waste management firm Brightmark LLC said on Wednesday they have formed a joint venture to market dairy biomethane, a renewable natural gas made of methane emissions from cattle burps.

Ruminant livestock such as cattle and sheep produce methane as a byproduct while digesting fibrous plant material. Methane accounts for 20% of global emissions and scientists have been working for years to reduce the amount of the gas released by cattle.

Chevron U.S.A. and Brightmark LLC said their investments in the new venture, Brightmark RNG Holdings LLC, will fund the construction of required infrastructure and commercial operation of dairy biomethane projects across multiple U.S. states.

Chevron will purchase the renewable natural gas produced from the JV’s projects and market it for use in vehicles that run on compressed natural gas, the companies said.

The latest move underscores a shift in investor demand, with increased pressure in recent years on fossil fuel companies, including Chevron, to reduce emissions, spend more on low-carbon energy and make disclosures on the impact of fossil fuel production on climate change.

“We are increasing renewables in support of our business, making targeted investments and establishing partnerships as we evaluate emerging sources of energy and the role they will play in our portfolio,” said Andy Walz, president of Americas products for Chevron.

Chevron is also part of another renewable natural gas JV, CalBioGas LLC, that last month announced its first successful production from dairy farms in Kern County.

(Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta)

Copyright 2020 Thomson Reuters.

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PARIS (Reuters) – Total

has taken a 20% equity stake in the Eolmed floating wind farm pilot project in France, which the French group said on Wednesday formed part of its broader plans to build up its presence in the wind power sector.

The 30 megawatts (MW) project is located in the Mediterranean, off the coast of Gruissan in France. The power company Qair is the majority shareholder in the project.

“This announcement once again demonstrates the group’s ambition and willingness to innovate in the field of renewable energies,” said Julien Pouget, director of renewables at Total.

Total did not disclose any financial details of the investment.

Last month, Total said it would hike its annual investments in renewable energy and electricity by 50% as it cuts its reliance on oil, emulating European rivals in a bid to become a major low-carbon power producer.

Total aims to have 35 gigawatts (GW) in gross renewable energy production capacity by 2025, up from a previous target of 25GW. The company has said that 70% of this target has already been accounted for, including projects still under construction.

(Reporting by Sudip Kar-Gupta, editing by Louise Heavens)

Copyright 2020 Thomson Reuters.

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