Clean Energy sells interest in biomethane plant

Clean Energy Fuels, a provider of natural gas fuel for transportation in North America, has sold its majority interest in the McCommas Bluff biomethane production plant in Dallas, Texas to minority interest owner Cambrian Energy for approximately $40.6 million (€34.2 million).

Clean Energy will continue to have the right to market and sell biomethane produced at the facility under its Redeem renewable natural gas (RNG) vehicle fuel brand. Cambrian Energy has been Clean Energy's partner since Clean Energy bought the into the McCommas project in August 2008.

'Buying the McCommas biomethane facility has allowed us to gain a valuable foothold in the renewable natural gas business,' says Harrison Clay, president of Clean Energy Renewables, a division of clean energy. 'With McCommas remaining a RNG supplier, we will be able to focus our RNG business on Clean Energy Renewables' core strength: marketing and selling alternative fuels.'

Clean Energy commenced production at its new biomethane facility in North Shelby, Tennessee, this year and added an additional 12 third-party-owned biomethane production sources to its portfolio of RNG supply.