Chevron Corporation’s (CVX Quick QuoteCVX ) subsidiary Chevron U.S.A. Inc. recently inked agreements with one of the world’s leading integrated energy and commodities firms Mercuria Energy Trading (Mercuria) to form a joint venture (JV). The new JV will buy American Natural Gas LLC (ANG), a Saratoga Springs, New York-based company, which operates 60 compressed natural gas (CNG) stations across the United States.
The transaction is part of Chevron’s attempt to develop a large-scale, vertically integrated renewable natural gas business in America. The company is developing....More>>>