Applied LNG and BP Energy Company Reach Biogas Agreement
WESTLAKE VILLAGE, California - February 18, 2015
Applied LNG announced that it has signed an agreement to purchase Biomethane (Biogas) from BP Energy Company.
BP Energy Company will supply Applied LNG with Biogas from waste landfill sites which produce methane as a byproduct. Applied LNG will use this Biogas to produce LNG in its liquefaction facility in Topock, Arizona that will be sold to the transportation fuel market.
"We are committed to providing affordable, cleaner and domestically produced LNG as an alternative to oil-based products such as diesel, gasoline or propane," said Cem Hacioglu, Applied LNG's President and CEO. "Using Biogas as the feedstock makes LNG an even more compelling choice as one of America's sustainable energy sources," added Hacioglu.
With this agreement, Applied LNG continues to strengthen its commitment to producing LNG from renewable resources which currently account for more than a quarter of its natural gas supply. BioLNG is available for Applied LNG's customers at the same price as LNG derived from conventional natural gas.
About Applied LNG
Established in 1995, Applied LNG is the second largest producer and distributor of LNG in the United States. It provides infrastructure and advisory services in LNG storage, fueling and delivery systems, and executes turn-key solutions that include equipment leasing, temporary and permanent station installations, and technical and safety training.
About BP Energy Company
BP Energy Company is a leading energy marketer in North America, offering natural gas, power, natural gas liquids, and biofuels. BP Energy combines equity and third party supply with transport and storage to ensure optimal pricing and service quality for customers, serving more than 3,000 commercial, industrial, and utility customers, while also providing hedging and risk-management services.