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Clean Energy Fuels Acquires Texas Landfill Gas Plant
Seal Beach, CA (SPX) Aug 29, 2008 Clean Energy Fuels has acquired Dallas Clean Energy for approximately $19.1 million in cash from Camco International Ltd, a Jersey-based company focused on developing projects and strategies to reduce carbon emissions. Clean Energy has partnered in acquiring and operating the project with Cambrian Energy, a leading landfill gas project development and management company, which owns 30% of DCE. Dallas Clean Energy owns the McCommas Bluff landfill gas processing plant - the third largest landfill gas operation in the United States. The landfill, owned by the City of Dallas, opened in 1975 and is scheduled to close in 2042. It is estimated that pipeline quality methane gas will continue to be produced for approximately 30 years after the landfill closes. Clean Energy entered into a $30 million credit facility with PlainsCapital Bank in Dallas, Texas in order to finance the acquisition and anticipated future capital improvements at the landfill. Aos Energy Pipeline Company distributes the gas collected from the landfill facility. "This is a major strategic action for Clean Energy, enabling our company to participate in using renewable biogas introduced into the pipeline system for our account along with traditional natural gas," said Andrew Littlefair, Clean Energy's President and CEO. "Use of biogas as a vehicle fuel has enormous potential to both reduce carbon emissions and reduce our dependence on foreign oil by displacing the use of petroleum fuel. Through developing biogas resources, we hope to create programs that will enable our customers to reduce their carbon emissions, lower their costs and increase the Green value of their operations by fueling natural gas vehicles with renewable biogas." "Refuse companies, in particular, are seeking our help in making the connection between the methane gas from their landfills and its use for transportation fuel for their truck fleets," he added. Related Links Clean Energy Powering The World in the 21st Century at Energy-Daily.com
Futuristic fridges invade Berlin consumer electronics show
Berlin (AFP) Aug 28, 2008The Ifa, Europe's top consumer electronics show, is normally all about gadgets that make life more entertaining with the latest flat screen televisions, stereo equipment and the like. |
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