BP CEO bullish on record RNG pace, plus news from DTE and Waste Connections
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This is the latest installment in Waste Dive’s ongoing Biogas Monthly series. For prior editionsclick here.

BP CEO Murray Auchincloss said he was still optimistic that subsidiary Archaea could build 15 new renewable natural gas plants in 2024, despite the company only being about halfway to that goal by the end of the third quarter.

During his company's earnings call on Oct. 29, Auchincloss said seven plants are “online and operating.” The company has previously reported, opening one Archaea facility in the first quarter and three in the second quarter.

"We're a standout inside the sector at [15 projects] that I think creates the case for an awful lot more business moving forward. So I feel quite good, actually, about Archaea," Auchincloss said. 

Other waste companies also recently provided updates on their RNG progress. WM expects to have seven RNG projects online by the end of the year out of its 20-project portfolio. Republic Services has completed four projects so far this year, including two in the third quarter, and expects to open four more this year in the fourth quarter. GFL Environmental commissioned two RNG projects in Q3, with a third expected in Q4; Casella Waste Systems opened an RNG facility at the Juniper Ridge Landfill in Maine in Q3, with other RNG facilities not expected until next year.

Meanwhile, Waste Connections reports four RNG projects are expected to come online this year, including one from frequent project partner Vision RNG. Those companies’ latest project is among the most notable RNG announcements in November.

Credit pricing as of Nov. 27, 2024

 

D3 RIN prices: $2.450

Down from $2.339 in 2023

 

D5 RIN prices: $0.585

Up from $0.580 in 2023

 

$42

Price per metric ton of carbon dioxide equivalent in Oregon’s Clean Fuels Program

 

$76.80

Price per metric ton of carbon dioxide equivalent in California’s Low Carbon Fuel Standard

 

Source: EcoEngineers Carbon Market Snapshot, Nov. 27

Waste Connections, Vision RNG partner in Nebraska

Vision RNG reached a 20-year agreement with a subsidiary of Waste Connections to build a landfill-gas-to-RNG facility at the waste company's Jackson, Nebraska, landfill. The project is expected to process 1,200 standard cubic feet per minute of landfill gas and produce 310,000 mmBtus of RNG annually. The project partners expect the facility to open in 2027.