June 23, 2022. A newly formed joint venture (JV) between Chevron and Mercuria Energy Trading, Beyond6 will work to develop a U.S. compressed natural gas (CNG) fueling network supplied with renewable natural gas (RNG).
Chevron and Mercuria purchased American Natural Gas (ANG), a Beyond6 company, and its 60 CNG stations in 17 states across the country. These stations are being rebranded as Beyond6, a reflection of the commitment to supplying low or zero carbon transportation fuels. The rebranding process is expected to conclude by the end of June.
Chevron’s goal is to grow RNG value chain, all the way from production to distribution. This deal complements its 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 RNG business in the United States.
Chevron is committed to producing a tenfold increase in RNG volumes by 2025 compared to 2020. 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.”