Seal Beach-based Clean Energy Fuels Corp., a provider of natural gas that’s backed by T. Boone Pickens, bought a Dallas landfill gas processing plant for $19 million.
Clean Energy said it acquired Dallas Clean Energy LLC from Britain’s Camco International Ltd.
Dallas Clean Energy owns the McCommas Bluff landfill gas processing plant, which processes methane from the landfill owned by the city of Dallas.
The landfill, set to close in 2042, is expected to produce methane gas for about 30 years after its closure, according to Clean Energy.
Clean Energy operates about 170 stations that provide natural gas fuel to taxis, trash trucks and other fleet vehicles.
This year, the company plans to spend about $100 million on a natural gas plant in the Mojave Desert and fueling stations.
Clean Energy went public last year, raising $120 million.
The company has a market value of about $620 million.
Pickens is Clean Energy’s principal shareholder, founder and a director. He started Clean Energy as a tiny part of Dallas-based Mesa Petroleum in the late 1980s. He split it off in the late 1990s.
The company is part of Pickens’ push toward alternative sources of energy. Earlier this year, he called for $1 trillion in government and private investment in windmills to cut dependence on foreign oil.
