A newly formed joint venture (JV) between Chevron and Mercuria Energy Trading, Beyond6 will work to develop a U.S. CNG fueling network supplied with renewable natural gas. Chevron and Mercuria purchased American Natural Gas (ANG), a Beyond6 company, and its 60 CNG stations in 17 states across the country. These facilities are being rebranded as Beyond6. The rebranding process is expected to conclude by the end of June.
The goal is to grow the biomethane value chain, all the way from production to distribution. This deal complements the previously announced plan to open more than 30 Chevron-branded CNG stations by 2025.
The purchase of ANG and its rebranding to Beyond6 advances Chevron’s goal of building a large-scale, vertically integrated renewable natural gas business in the United States. They are committed to producing a tenfold increase in biomethane volumes by 2025 compared to 2020. In addition, this acquisition aims to provide lower carbon solutions for the medium- and heavy-duty vehicle market.
“At Beyond6 we believe all individuals, businesses and organizations have the power to create a cleaner and healthier world,” said Andrew West, Beyond6 founder and CEO. “We are strategic carbon reduction specialists that work with clients across the country to help them realize their most sustainable future and do so in a way that delivers value to the bottom line.”
Source: Chevron
