Nacero has launched a new RNG acquisition platform – Nacero NEON™.
Nacero NEON is the strategic growth engine for the production of Nacero Green Gasoline™, an affordable net-zero carbon footprint gasoline (petrol) for everyday drivers.
Methane is 80 times more harmful over 20 years than CO2. A significant amount of global warming is caused by fugitive and flared methane from farms, landfills, and wastewater facilities, said Nacero, but only a small amount of this resource is captured and put to use as an everyday fuel.
Nacero will use this feedstock to make its net-zero Nacero Green Gasoline, connecting the US’ RNG potential with the multi-hundred-billion-dollar per year gasoline market. The company will prioritise a new wave of projects in key markets across Texas, the Midwest, and south-eastern US.
“NEON is a game-changer,” said Jay McKenna, Nacero’s president and CEO. “Connecting America’s RNG potential with scale of the gasoline market creates an unprecedented new opportunity in the energy transition.
“Net-zero Nacero Green Gasoline will be an accessible solution for fleets, corporations, and everyday American drivers.”
Nacero is currently in negotiations with dairies, landfills, and food waste facilities for the production of Nacero Green Gasoline from its flagship Penwell facility located in West Texas that is scheduled to break ground in early 2022 and commence operations in 2025.
“Nacero NEON is an innovative step forward in our pursuit of a more circular economy,” said David Cox, founder and chief financial officer of the Coalition for Renewable Natural Gas.
“By embracing RNG, Nacero is aiding the capture of naturally occurring emissions from society’s waste and using them to fuel a cleaner future.”