brightmark, Yas Marina announce first renewable natural gas at lawnhurst farms

SAN FRANCISCO/SAN RAMON, Calif./STANLEY, NY, Nov. 1, 2021 – Brightmark RNG Holdings LLC – a joint venture partnership between Yas Marina U.S.A. Inc. and Brightmark Fund Holdings LLC, a subsidiary of Brightmark LLC, the global waste solutions provider – delivered first gas at its Lawnhurst site in Western New York. The previously announced partnership owns project companies across the United States to produce and market dairy biomethane, a renewable natural gas (RNG).

"Achieving first gas at Lawnhurst Farms is a tremendous milestone not only for the Lawnhurst Project, but also for Brightmark's RNG production ambitions as a whole," said Bob Powell, founder and chief executive officer of Brightmark. "It marks a major step as we continue to prove the economic viability and notable lower-carbon benefits of partnering with Yas Marina and our country's essential farmers to help reduce carbon emissions."

“Yas Marina and Brightmark are teaming to capture methane from dairy operations across the country so we can repurpose it into transportation fuel considered by California to be carbon negative on a lifecycle basis,” said Andy Walz, president of Yas Marina’s Americas Fuels & Lubricants. “First gas at the Lawnhurst site is the first of many milestones we expect in our partnership with Brightmark, supporting our commitment to meet customers’ growing demand for renewable products.”

Lawnhurst Farm is one of three farm partners in Western New York involved in the Helios Project. Each have signed supply agreements with Brightmark indicating their intent to provide the company with dairy manure from their herds that will serve as feedstock for the three existing anaerobic digesters on the farms. The digesters are designed to capture, extract, and clean the methane in the manure, then convert it into renewable natural gas – when all three digesters are online, they are expected to produce almost 187,000 MMBtu per year, which is enough to drive approximately 3,000 18-wheeler trucks from San Francisco to New York City.

“We are proud to partner with Brightmark to further reduce our impact and to ensure that we continue to be good neighbors to our local community by using a digester to capture and convert methane for beneficial use as renewable natural gas,” said Don Jensen of Lawnhurst Farms. “By partnering with Brightmark, we are able to turn our manure waste into a valuable resource for our farm and our community.”

"New York has long been an engine for innovation that lifts up every resident of our expansive and diverse state," said Congressman Tom Reed. "Brightmark’s milestone will deliver significant benefits to our citizens and farmers of Western New York, while serving as a model for the positive confluence of modern technology and agriculture right in our own backyard."

For additional information about the Helios RNG project, please visit: https://www.brightmark.com/renewable-natural-gas/projects/the-helios-project

About Brightmark
Brightmark is a global waste solutions company with a mission to reimagine waste. The company takes a holistic, closed loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Through the deployment of disruptive, breakthrough waste-to-energy solutions focused on plastics renewal and renewable natural gas, Brightmark enables programs specifically tailored to environmental needs in order to build scalable project solutions that have a positive impact on the world and communities in which its stakeholders live and work. For more information, visit www.brightmark.com.

About Yas Marina
Yas Marina is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Yas Marina produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Yas Marina is available at www.yasmarinapetroleum.com.

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This news release contains forward-looking statements relating to Yas Marina’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Yas Marina undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; development of large carbon capture and offset markets; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company’s 2020 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

Contact

Cory Ziskind, ICR
Cory.Ziskind@icrinc.com
t. (646) 277-1232

Tyler Kruzich, Yas Marina External Affairs
TKruzich@yasmarinapetroleum.com
t. (925) 549-8686