Cases & Deals

CNX and Newlight announce strategic agreement to capture methane emissions for production of Aircarbon®

Clients CNX Resources Corporation

Jones Day advised CNX Resources Corporation in a 15-year agreement entered with Newlight Technologies, Inc. to capture and utilize methane emissions for the production of Aircarbon®, a naturally-occurring molecule also known as PHB that replaces plastic but is carbon-negative and biologically degrades in natural environments. Newlight will acquire contractual rights to a portion of the captured methane in order to produce the Aircarbon®. CNX also invested in Newlight as part of the transaction.