Marathon Capital acted as exclusive financial advisor to Brightmark in establishing the partnership with Chevron. Methane generated by the manure from the Athena Project is expected to be captured, cleaned, and converted into RNG, which can be used for transportation, cooking, or electricity. As 2021 marks our fifth anniversary, were proud and grateful to showcase our first-ever impact reporthighlighting all were doing at Brightmark to create a world without waste. responsible end of life solution for non-recycled waste plastic. We Brightmark began with the pursuit to do good for the planet. The Company offers heat and power, solar, wind, waste to energy, and other clean energy generation solutions for commercial and industrial customers. solution to the complex problems our nation faces around plastic I write about the amazing things happening in the world of industry. Not only do we work hard every day to create a world without waste, but we find ways to positively impact our environment, partners, and the communities around us. and industrial customers in North America, is pleased to announce Check out the 2020 Election Stock Report >>. Its all a part of the Athena Project, a partnership with Brightmark, to bring agricultural sustainability to the next level. We are dedicated to discovering and providing circular solutions to some of the worlds most pressing waste challengesincluding turning organic waste into renewable energy and closing the loop on plastic waste. ", "We are excited to achieve another milestone in our partnership with Brightmark," said Andy Walz, president of Chevrons Americas Fuels & Lubricants. We have a way to solve problems some people didnt think we could solve at scale, he said. Itself a recycler, RecycleForce will send plastics it cant recycle (materials contaminated with food products, for example) to the Brightmark facility. To understand our Privacy Policy and use of cookies better, you can visit our Privacy Policy page here. bob.powell@brightmarkenergy.com, By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's British Petroleum has partnered with us on the plastics side, Powell continued. As part of the financing closure, Brightmark became the of clean energy generation projects worldwide.. Landfills are the third-largest source of methane emissions from humans in the U.S. The timeline represents the initiation of a dream: to create innovative world-changing technology. How to Build a Socially Responsible IRA Portfolio, Best Fossil Fuel Free Funds for ESG Investing, Best Weapon Free Funds to Invest In Today, Atlantica Sustainable Infrastructure (AY), Environmental, Social, and Governance (ESG), 10 Best Socially Responsible Financial Advisors. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the companys products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the companys global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the companys suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the companys joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the companys operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the companys control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the companys future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the companys ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading "Risk Factors" on pages 20 through 25 of the companys 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Theyre great partners and committed early to buy all fuels produced from the plastic waste. That same technology is what Brightmark will use in its new partnership with SK Global Chemical. A wealth of resources for individual investors is available at www.zacks.com. Having a diversified portfolio has never been easier. manufacturing jobs will be created in Northeast Indiana when all phases combined heat and power, solar, wind and waste to energy. ", For additional information about the Athena RNG project, please visit: https://www.brightmark.com/renewable-natural-gas/projects/the-athena-project. As you consider these equities and ETFs, note how these RNG options range from conservative to growth. Brightmark's Sumter, South Carolina, RNG Project. Trillions of dollars will shift into new market sectors after the votes are tallied, and investors could see significant gains. Brightmark CEO Bob Powell at the Ashley, Indiana plastics renewal plant. 'We are increasing renewables in support of our business, making targeted investments and establishing partnerships as we evaluate emerging sources of energy and the role they will play in our portfolio. Brightmark Energy designs, manufactures, and implements commercial scale energy recovery systems that offer a responsible end-of-life solution for non-recycled waste plastic. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Brightmark, said, I am very excited about the incredible strength, Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. During the digestive process, sheep and cattle release methane, which is used to produce RNG for vehicles. Biogas can also come from the manure associated with livestock operations. the U.S. each year is not recycled. Plastics renewal Soon there will be more plastic in the ocean than fish. The partnerships launch follows a successful pilot phaseby recycling these buoys and downlines into materials for new products instead of being sent to a landfill, Brightmark and FKNMS are taking meaningful and tangible steps to aid in handling the plastic waste crisis. While Atlantica has diversified projects, ETFs may provide a more comprehensive selection. Thats how many see renewable natural gas or RNG, a clean and affordable fuel that truly turns trash into treasure and potentially waste into wealth. The drive comes as fossil-fuel manufacturers are under intense pressure to lower greenhouse gas emissions to mitigate climate change. ", "As agriculture and technology continue to advance and evolve, it has become apparent now more than ever that these two industries need to work hand in hand for the sake of our environment and those that inhabit it," said Lynn Boadwine, owner of Boadwine Farms, Pioneer Dairy and Mooody Dairy. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The focus isnt entirely on renewable natural gas. See Related: Best Fossil Fuel Free Funds for ESG Investing. And regardless what you think about climate change, reducing the colossal man-made sources of atmosphere-altering gases only makes good sense. An environment that thrives on a positive approach to work while executing with a sense of urgency. Within this report, youll learn: Our Continue reading 5 Year Impact Report, Certification ensures compliance with high ecological and social sustainability requirements, greenhouse gas emissions savings, and traceability throughout the supply chain Ashley, IN, December09, 2021: Brightmark, LLC the global waste solutions provider, today announced that its Ashley, Indiana Plastics Renewal Facility has been ISCC PLUS (International Sustainability and Carbon Certification) certified. As part of the agreement, Brightmark has committed to put an additional . We included a few exchange-traded funds with exposure to renewable natural gas companies. Zeina El-Azzi, Brightmarks Chief Development Officer, said, To add symbols: Type a symbol or company name. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Importantly, the company organizes lifecycle carbon-negative projects all over the world to improve ecological health with significantly less waste and for economical advancement. Likely to profit from clean energy projects in the U.S. Copyright 2023 MarketWatch, Inc. All rights reserved. This technology offers a tremendous opportunity to combat a Its then heated to high temperature (between 400 and 650 degrees Celsius) in the absence of oxygen, which breaks the polymer chains of the plastics and transforms the waste into diesel fuel, naphtha and wax. Dont think investing in renewable natural gas means youll have to buy shares of a volatile start-up stock thatll take you on a rollercoaster ride. As with all investments, past performance does not predict the future. company, today broke ground on the nations first commercial-scale The Ashley facility will be the first of its kind to take mixed waste Eco tip: Celebrate Womens History Month and environmentally conscious efforts by supporting local women-owned businesses. The company currently carries a Zack Rank #3 (Hold). Our choices include stocks in energy, clean energy, utilities, and more. SAN FRANCISCO-- ( BUSINESS WIRE )--Brightmark, the global waste solutions provider, today announced that it is launching the largest ever solicitation for plastic waste and will deploy its. Brightmark, the global waste solutions company, today announced that a life cycle analysis of its plastics renewal technology has revealed that its proprietary, pyrolysis-based process produces 39%-139% fewer greenhouse gas emissions than equivalent products made from Continue reading Brightmarks Plastics Renewal Technology Reduces Carbon Footprint From Fuels By 39%-139%, Brightmark, Chevron achieve first delivery of renewable natural gas produced at Lawnhurst Farms, part of their previously announced partnership to own project companies to produce and market RNG Brightmark RNG Holdings LLC a joint venture partnership between Chevron U.S.A. Inc. and Brightmark Fund Holdings LLC, a subsidiary of Brightmark LLC, the global waste solutions Continue reading Brightmark, Chevron Announce First Renewable Natural Gas at Lawnhurst Farms. http://www.businesswire.com/news/home/20161104005589/en/. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. version on businesswire.com: http://www.businesswire.com/news/home/20161104005589/en/, Brightmark Energy
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