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Clean Energy Closes $30.7 Million Tax Credit Sale from its RNG Portfolio

  • Clean Energy Fuels Corp. completed the sale of $30.7 million in federal tax credits from seven of its renewable natural gas production facilities.
  • This transaction represents the company's fourth successful monetization of credits from its RNG projects.
  • The largest portion of the sale was a $26 million investment tax credit (ITC) linked to the South Fork Dairy facility in Dimmit, Texas, which began production in 2025.
  • The deal included all 2025 Section 45Z clean fuel production credits from the company's dairy RNG portfolio, which spans facilities in Texas, South Dakota, Iowa, & Minnesota.
  • The credit-generating projects are held through joint ventures with bp & TotalEnergies.
  • In 2025, these seven facilities collectively produced 2.7 million gallons of negative carbon-intensity RNG to fuel transportation fleets.
  • Will Flanagan, Vice President of Strategic Development, stated that the sale was the company's largest ITC transaction to date & demonstrated strong demand for the environmental benefits of the RNG business.