Chevron expands CNG fueling network via Beyond6 acquisition
Through this purchase the mobility company has grown its portfolio of renewable energies amidst the transition of the fuel retail industry.
Chevron U.S.A. announced the signing of a definitive agreement to acquire full ownership of Beyond6 and its network of 55 compressed natural gas (CNG) stations across the United States. The purchase was made through the mobility company´s current B6 co-owners, a subsidiary of Mercuria Energy Trading and Andrew West, CEO of B6.
The firm is complementing its traditional products business with new offerings that help customers support a lower carbon future. With this acquisition, it will be able to market the RNG it either produces or procures through a nationwide network of CNG locations.
"Chevron has seen strong demand for our RNG-to-CNG fuel offering from new and existing customers. Because of its carbon negative attribute and the ability of fleet operators to efficiently adapt vehicles to run on CNG, renewable natural gas can be a lower carbon solution for fleets seeking to reduce their lifecycle greenhouse gas emissions," said Andy Walz, President of Americas Products at Chevron.
Mercuria and Chevron will enter into a long-term supply relationship to deliver renewable natural gas to Chevron as part of the transaction.
