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commitment of up to $250 million. We are dedicated to discovering and providing circular solutions to some of the world's most pressing waste challengesincluding turning organic waste into renewable energy and closing the loop on plastic waste. Meanwhile, on the greenhouse gas front, Brightmark last year launched a joint venture with Chevron U.S.A. Inc. To understand our Privacy Policy and use of cookies better, you can visit our Privacy Policy page here. Price is low now, which could make it a bargain, May not have the RNG focus some investors want, P/E ratio is a little high, which could make a short-term profit difficult. Brightmark breaks ground on the worlds largest and first commercial-scale plastics circularity center. We believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Written by This investment builds on our other RNG initiatives, such as our joint venture with California Bioenergy and our Adopt-a-Port initiative with Clean Energy Fuels. Last month, Brightmark closed a $260 million financing package for the Privacy Notice | The new plant will utilize a state-of-the-art plastics-to-fuel process RNG can power more than natural gas vehicles and electric plants. 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. Plastic waste being conveyed to the shredder in the Ashley, Indiana facility. A nurturing culture that values diverse ideas, traditions, heritages, and experiences. Focused only on renewable natural gas projects. Bacteria break down the waste and generate biogas, which is further processed in to RNG. CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. A resourceful mindset that leverages relationships and means to maximize value and output. May not have the diversification of other clean energy companies. Brightmarks subsidiary, RES Polyflow, designs, manufactures and 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. Shares of Chevron have lost 12.8% compared with the 19.6% decline of the composite stocks belonging to the industry. For more information, visit www.brightmark.com. No results found. Create your Watchlist to save your favorite quotes on Nasdaq.com. Weve shown we can do it in ways that are economically sustainable. Headquartered in Richmond, Virginia, Dominion provides electricity and natural gas to homes, businesses, and wholesale customers, making its interest in renewable natural gas a natural fit. 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. And regardless what you think about climate change, reducing the colossal man-made sources of atmosphere-altering gases only makes good sense. When you learn more about this burgeoning clean energy option, we think youll be interested in adding this sector to your portfolio for future growth. More information about Chevron is available at www.chevron.com. film, flexible packing, styrofoam and childrens toys directly into another combined heat & power project in Canada and we are in Organic waste is collected at the farms and transported to the digesting plant, where its processed in a closed tank in the absence of oxygen. grade wax each year. Business Intelligence Group recognizes Brightmarks Ashley, Indiana Plastics Renewal Facility as Sustainability Initiative of the Year. Investment from Jackson Investment Group, Ashley Circularity Center reaches financial close, Brightmark announces worlds largest circularity center headed to Georgia, Brightmark announces circularity center in Australia, Brightmark announces partnership with Jamar Health Products, Brightmark and NOAAs Florida Keys National Marine Sanctuary announce buoy plastic recycling partnership. Brightmark Energy, LLC provides environmental services. Logically, renewable natural gas is tied to solid waste, so it makes sense that Waste Management would have an interest in RNG production. Brightmark and Chevron's targeted ten-fold increase in RNG volumes by 2025; and (ii) adoption of Xebec's SMR based technology for green hydrogen production from RNG as noted in this press release. We focused on options rated strong buy, buy, and hold, giving you top options for portfolio additions related to RNG. With a P/E ratio of 24.16 and a dividend yield of 3.28 percent, Dominion Energy is rated a buy by analysts. Smart Sand is expected to see revenue growth of 12.3% in 2021. Accountability Our RNG projects also deliver a true 'win-win' in terms of driving sustainable agriculture with significantly less waste and improving economic development in rural communities.'. Brightmark receives a $250 million investment from Jackson Investment Group to support the development of new projects. The Vlot Project is Brightmark RNG Holdings LLCs first renewable natural gas project in the state of California. ", "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. A fully engaged team that is driven by discipline and accountability. SAN FRANCISCO & SAN RAMON, Calif. & MINNEHAHA COUNTY, S.D., August 03, 2022 -- ( BUSINESS WIRE )--Brightmark RNG Holdings LLC - a joint venture partnership between Chevron U.S.A. Inc., a. 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. http://www.businesswire.com/news/home/20161104005589/en/. The timeline represents the initiation of a dream: to create innovative world-changing technology. Principled employees with the courage to always act with integrity. Biogas can also come from the manure associated with livestock operations. Its focus is on selling RNG under long-term fixed-price contracts to credit-worthy partners. Terms & Conditions, FREE interactive charts, analysis tools & prices. Zeina El-Azzi, Brightmarks Chief Development Officer, said, Watch how a seven-year-old boy, a toy dinosaur, and Brightmark are changing this. Here we have the 411 on RNG, its future as fuel, and investments you could make in RNG. Brightmarks mission is to create significant long-term value Bob Powell The company is aiming to process 100,000 tons of plastic next year, its first year of full-time. So in addition to these projects being intensely carbon negative, they help keep nitrogen and phosphorus out of our waterways.. Zacks Equity Research for 12 Best Graphite Stocks to Invest in Today. Its all a part of the Athena Project, a partnership with Brightmark, to bring agricultural sustainability to the next level. You may opt-out by. The companys goals are to divert 8.4 million tons of plastic waste from landfills and the natural environment, and to offset 22 million metric tons of greenhouse gas emissions, by 2024. scale. We work hard every day to create a world without waste and find ways to positively impact our environment, partners, and the communities around us. life including items that cannot readily be recycled, like plastic and AM WAX will purchase the wax. The certification is provided by Continue reading Brightmark Receives ISCC PLUS Certification, Brightmark Named Honorable Mention in Fast Companys First-Ever List of the Next Big Things in Tech New Recognition Program Highlights Tech Breakthroughs That Promise to Define the Future of Their Industries San Francisco, CA, November 18, 2021: Brightmark, the global waste solutions provider, today announced that it has been recognized as an Honorable Mention Continue reading Brightmark Fast Company Next Big Things in Tech, Guy Harvey Ocean Foundation Expands High School Marine Science Curriculum to Include Plastics in Partnership with Brightmark FT. LAUDERDALE, Fla. (November 16, 2021) Two powerhouses have come together to provide a marine sciences curriculum for high school students focused on the impacts of post-use plastics on oceans and marine life and the greater ecosystem Continue reading Brightmark Partners with Guy Harvey Ocean Foundation, Peer-reviewed life cycle analysis of the companys proprietary advanced plastics renewal recycling technology yields significant environmental savings. This first-of-its-kind plastics renewal program will Continue reading Marine Recycling in the Florida Keys, Brightmark and Buoy Team to facilitate recycling of inoperative mooring, boundary and informational buoys in the Florida Keys. During the digestive process, sheep and cattle release methane, which is used to produce RNG for vehicles. This selection includes options for investors with a variety of goals and risk tolerances. Copy and paste multiple symbols separated by . of clean energy generation projects worldwide.. The company currently carries a Zack Rank #3 (Hold). WASHINGTON, April 11 (Reuters) - Brightmark Energy and a county in the U.S. state of Georgia scrapped plans to build "the world's largest" facility to turn plastic waste into fuel, according to a . 'This joint venture is a powerful partnership that will accelerate Brightmark's ambition to achieve a global net-zero carbon future. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. Wall Street analysts rated our selection of renewable natural gas stocks and ETFs. Integrity Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. This report reveals specific stocks that could soar: 6 if Trump wins, 6 if Biden wins. construction of the plant, which includes $185 million in Indiana green Were looking at expanding more internationally too. Includes a diverse selection of clean energy and water projects in North and South America. Brightmark has partnered with Indianapolis-based RecycleForce for both feedstock and employee recruitment. Diversity & Inclusion Its shares have outperformed the Zacks Oil & Gas Integrated industry in the past 6 months. Brightmark Energy develops, owns and operates waste and energy projects Today they announced the signing of a memorandum of understanding (MOU) for a partnership to construct a commercial-scale plastics renewal plant in South Korea with Seoul-based international petrochemical company SK Global Chemical.