CNH bolsters biofuels business via investment in Bennamann

Heavy and agricultural machinery maker CNH Industrial (NYSE:CNHI, MI:CNHI) said it has taken a majority stake in Bennamann, a UK biomethane fuel production technology developer, to bolster its offering of alternative fuels for the agriculture industry.

Bennamann has developed technology for the production and use of biomethane fuel sourced from the fugitive methane emissions of organic waste, including livestock farm manure slurry, as a replacement for fossil fuels.

“This solution can transform farms into mini energy hubs that can satisfy their own energy needs, produce their own natural fertilizer and sell any excess gas on the open market. It also enables them to generate their own electricity,” said Derek Neilson, president of agriculture at CNH.

The two companies have been partnering since 2019 when they jointly developed a liquefied natural gas fuel tank for CNH’s tractor prototype. The machinery maker’s venture arm invested about two years later in a minority stake in the British business.

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