Houston, Texas (June 8, 2016) – Element Markets Renewable Energy, LLC, a wholly-owned subsidiary of Element Markets, LLC, was awarded a contract to deliver biogas (also referred to as biomethane or renewable natural gas) to Orange County Transportation Authority (OCTA) and manage the generation and sale of Renewable Identification Numbers (RINs) under the EPA Renewable Fuel Standard) and California Low Carbon Fuel Standard (LCFS) credits from use of the biogas as vehicle fuel.
Starting in July 2016, Element Markets will deliver all the biogas needed to fuel OCTA’s compressed natural gas (CNG) bus fleet over the next seven years. In addition, Element Markets will also generate, market and sell the RINs and LCFS credits attributable to the biogas.
Element Markets was selected through a comprehensive competitive request for proposal (RFP) process. The contract is expected to generate over $9 million in value for OCTA.
“OCTA was very thorough in their selection process and, after an in-depth analysis of all the proposals, selected Element Markets as the marketing firm they believed will deliver unprecedented value,” Element Markets Chief Marketing Officer Randall Lack said. “We look forward to working with OCTA over the coming years to deliver clean energy to riders and value to their citizens”
About Element Markets, LLC
Element Markets is a leading renewable natural gas marketing and environmental commodities company that applies its diverse expertise to provide structured environmental compliance and optimization services to prominent corporate and institutional clients. The company has a long history within the emissions, carbon, renewable energy credit, biogas and renewable fuel credit markets. The company has twice been named as the “Emissions House of the Year” by Energy Risk Magazine. Element Markets is headquartered in Houston, Texas and more information about the company is available at www.elementmarkets.com.