Element Markets Renewable Energy, LLC, a wholly-owned subsidiary of Element Markets, LLC, is celebrating three years of delivery of biogas to Applied LNG and the generation and sale of credits under the EPA-managed Renewable Fuel Standard (Renewable Identification Numbers or RINs) and California Low Carbon Fuel Standard (LCFS) credits associated with the fuel.
Since August 2013, Element Markets has delivered biogas to Applied LNG’s Topock, Arizona liquefaction facilities, where it is converted into liquefied natural gas and delivered to customers for use as transportation fuel in California. The fuel is then eligible to generate RINs and California LCFS credits.
Applied LNG manages two liquefied natural gas production facilities at its Topock, Arizona location. Those facilities have the ability to produce 170,000 gallons of LNG per day.
“The level of sophistication, responsiveness and dependability provided by the Element Markets team has proven to be invaluable to our operation as we navigate the developing renewable natural gas market”, said Ed McKenna, President & CEO of Applied LNG. “This partnership supports our mission to provide affordable, clean, alternative fuel solutions while contributing to a safer and healthier planet.”
The agreement with Element Markets also includes the generation of RINs and LCFS credits associated with the use of the LNG as a vehicle fuel. Under California’s Low Carbon Fuel Standard, renewable LNG can generate LCFS credits when the LNG is delivered for use in the transportation markets. The LCFS credits are then marketed and used by regulated parties to demonstrate compliance with the California LCFS program.
“We have found a true partner with the team at Applied. The relationship has evolved over the years as the markets continue to change.” Element Markets’ President Angela Schwarz said. “The cooperation between the two companies has been great, and we look forward to the on-going working relationship with Applied.”
The deal commenced in August 2013.
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.
About Applied LNG
Applied LNG is the second largest producer and distributor of Liquefied Natural Gas for alternative fuel use in North America. Established in 1995, the Company markets natural gas solutions domestically and internationally to trucking, oilfield, marine, mining, construction, rail, industrial, and agricultural customers. Applied LNG provides fuel supply, delivery and logistics, engineering and technical support, temporary or permanent fueling stations, equipment leasing, and training. The Company owns and operates three LNG liquefaction trains and supplies LNG produced with renewable natural gas to help customers improve their carbon footprint. For more information, visit www.appliedlng.com.