Clean Energy acquires Texas gas plant
Clean Energy Fuels Corp. has acquired Dallas Clean Energy LLC (DCE) for approximately $19.1 million from Camco International Ltd., a Jersey, England-based company focused on developing projects and strategies to reduce carbon emissions.
Clean Energy Fuels Corp. has acquired Dallas Clean Energy LLC (DCE) for approximately $19.1 million from Camco International Ltd., a Jersey, England-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 percent of DCE.
Dallas Clean Energy owns the McCommas Bluff landfill gas processing plant — the third largest landfill gas operation in the U.S.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 agreement with PlainsCapital Bank in Dallas in order to finance the acquisition and anticipated future capital improvements at the landfill.
Atmos Energy Pipeline Company distributes the gas collected from the landfill facility.
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