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Clean energy fuels (NASDAQ:CLNE) +5.1% in trading Wednesday after saying it completed its latest renewable natural gas plant in Marshall County, Iowa, which is expected to produce 1.7 million gallons/year of low-carbon RNG.
The company said the three-digester plant is now in production Pipeline quality RNG and feeding it into the national grid.
Methane from the approximately 240,000 gallons/day of manure produced by the 8,000-cow herd will be converted into biogas and ready-to-use clean fuel for heavy-duty fleets across the United States, the company said, adding that the process is underway . to submit applications to generate federal and state environmental credits.
“Adding an RNG plant to our farm will allow us to manage our manure much better, while generating an additional revenue stream to our bottom line,” the Marshall Ridge Dairy boss said.