A Chevron gas station in Santa Monica. (Source: Shutterstock)
Chevron U.S.A. Inc., a subsidiary of Chevron Corp., closed on its acquisition of Beyond6 LLC from Mercuria Energy Trading and Beyond6, Chevron CEO Andrew West announced in a press release on Jan. 3.
Previously announced in November, the acquisition of Beyond6’s network of 55 compressed natural gas (CNG) stations across the U.S. adds to Chevron’s attempts to grow its renewable energy inventory.
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Chevron to Acquire Full Ownership of Beyond6 CNG Fueling Network
Headquartered in Switzerland, Mercuria is a global independent energy and commodity company. As part of the deal, Mercuria will deliver renewable natural gas (RNG) to Chevron through a long-term supply relationship.
With this acquisition, Chevron hopes to compliment its traditional products and services with that of RNG and other low carbon offerings, the company said in its November press release.
Chevron is developing a larger network of CNG locations across the U.S. through collaborations with Brightmark LLC and California Bioenergy LLC and plans to market RNG through those locations.
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