BP is investing $155 million in production facilities for Clean Energy Fuels Corp.’s Redeem-branded renewable natural gas. The deal supports both companies’ role in the future of RNG, or biomethane, for fleets and transport companies to hit emissions regulation targets and to help fulfill growing fuel demand in the natural gas vehicle market. BP is paying for Clean Energy’s existing biomethane production facilities, its share of two new facilities, and its existing third party supply contracts for RNG. The oil company will continue to subcontract the operations of these facilities to Clean Energy. Clean Energy will buy RNG from BP and collect royalties on gas purchased from BP and sold as Redeem fuel at it stations. Clean Energy will have access through a long-term supply contract with BP. Clean Energy will be able to expand its Redeem customer base at its North American network of natural gas fueling stations. […]