BP to buy U.S. biogas producer Archaea for $4.1 bln
Reuters | October 17, 2022
The deal will be the largest ever RNG acquisition, topping Chevron Corp's (CVX.N) $3.15 billion buyout of biodiesel maker Renewable Energy Group Inc earlier this year.
TC Energy in first RNG production at Jack Daniel's Distillary
Gas Pathways | October 17, 2022
Owned by Lynchburg Renewable Fuels, the facility will produce RNG with a carbon intensity score 50% lower than traditional natural gas, preventing about 16,000 mt/yr of CO2 emissions. The project is being developed by 3 Rivers Energy Partners, which is also an owner in Lynchburg Renewable Fuels, and is expected to be operational in 2024.
Feedstock is a byproduct of the Jack Daniels distilling process, broken down to generate methane gases. A biogas upgrade plant will remove contaminants to produce pipeline-quality RNG that will be directly connected to a local natural gas utility. Liquid fertiliser will also be produced for local agricultural markets.