Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it continues to meet the growing demand for renewable natural gas (RNG), a sustainable transportation fuel made from organic waste, with new fueling contracts, infrastructure expansions, and RNG production projects.
“More fleets are finding RNG to be the most easy and cost-effective way to achieve significant carbon reductions,” said Chad Lindholm, Clean Energy’s senior vice president for sales. “As we continue to see growing demand for RNG, we’re working on the production side so that more customers can turn their sustainability goals into reality.”
LA County Metro has renewed its maintenance agreement with Clean Energy for six stations that will power 1,417 transit buses with an expected 137 million gallons of RNG for the length of the contract.
Estes Express Lines, the nation’s largest privately-owned freight transportation carrier, is deploying an additional 100 natural gas trucks that will fuel with an expected three million gallons of fuel in California and Texas.
The Los Angeles County Sanitation Districts has entered into a contract with Clean Energy to construct a new public access fueling station in Carson, CA. The contract also includes maintenance services, and a fueling agreement for RNG. When the station is complete it will power regional trucks, transit buses and refuse trucks with an anticipated 10 million gallons of RNG over the contract term.
Offering services that are a vital part of San Diego’s regional transportation network, North County Transit District (NCTD) has extended its RNG supply agreement with Clean Energy to operate its fleet of 143 buses with an expected 8.2 million gallons of RNG.
One of the most environmentally conscious cities in the country, Santa Monica, CA has extended its RNG fueling agreement with Clean Energy for an expected two million gallons of RNG to power 200 municipal buses.
The Morongo Basin Transit Authority (MBTA) in the Yucca Valley region of California has signed a RNG supply agreement for an anticipated 750,000 gallons of RNG to power 24 transit buses.
Gold Coast Transit District in Oxnard, CA has signed a maintenance contract for a station that fuels 54 transit buses with an estimated 725,000 gallons of RNG.
Custom Lumber Designs, a freight company in Corona, CA, has signed a fueling agreement for 240,000 gallons of RNG to power its heavy-duty trucks.
The City of Tempe in Arizona has extended its maintenance agreement with Clean Energy. The station fuels 250 transit buses with an expected 15 million gallons of compressed natural gas (CNG) fuel over the contract term.
MJ Transport Logistics, a trucking company in Falls Creek, PA, was awarded the new Centre County Recycling and Refuse Authority transfer hauling contract fueling approximately 1.6 million of CNG to power eight new natural gas trucks over the contract term.
Suburban Disposal, a refuse company in Spencerport, NY, has signed a maintenance contract with Clean Energy for an expected 700,000 gallons of fuel to power 37 refuse trucks.
Silvi Concrete, a ready mix company in Downingtown, PA, has signed a maintenance contract for a station that Clean Energy constructed five years ago. The station houses 20 natural gas trucks that fuel with an estimated 500,000 gallons of CNG.
Long time Clean Energy customer Saddle Creek Logistic Services in Lakeland, FL has signed a maintenance agreement with Clean Energy. The supply chain solutions company is adding 13 new natural gas trucks to its fleet that will fuel with an expected 350,000 gallons of CNG.
The Town of Oyster Bay, NY has signed a maintenance contract for its refuse fleet which fuels with an anticipated 100,000 gallons of CNG for 10 vehicles.
Stark Area Regional Transit Authority in Canton, OH has signed an agreement with Clean Energy for a significant station expansion project to accommodate additional CNG transit buses being added to its fleet.
In Canada, Hiller Truck Tech, a heavy-duty truck repair service, has signed a fueling agreement for an estimated 150,000 gallons of CNG to power 20 trucks.
RNG Supply Advances
Clean Energy continues to make significant investments in the production of additional RNG sources and has partnered with two of the most sustainability-committed global energy companies, TotalEnergies and bp, to sign partnerships with dairy owners around the country.
The first of these projects was Del Rio Dairy in Friona, TX, where in late 2021 Clean Energy broke ground on construction for a digester that is anticipated to turn the manure from 7,500 milking cows into more than a million gallons of RNG a year. The project continues to progress, and digester tanks have been erected on the property.
At Millenkamp Dairy in Idaho, engineering and procurement are being finalized, and construction of the front-end manure handling facility is underway.
Construction has started at dairy farms Marshall Ridge, Drumgoon and Victory, located in South Dakota and Iowa. With more than 30,000 cows, these dairies have the estimated potential to convert the methane produced from waste into more than seven million gallons of RNG annually.
Clean Energy has also started a digester project with South Fork Dairy in Hart County, TX. When complete, the project will produce an anticipated 2.9 million gallons of RNG.
Additionally, Clean Energy has acquired manure rights for its first swine project at the O’Bryan Grain Farms in Owenboro, KY.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on Twitter.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of RNG and CNG expected to be consumed, numbers of vehicles expected to be deployed or financed, the benefits of Clean Energy’s fuels, the timing and scope of construction, maintenance, and other projects, and the value and scope of contracts. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Last Trade: | US$2.88 |
Daily Change: | -0.14 -4.64 |
Daily Volume: | 2,517,135 |
Market Cap: | US$643.560M |
November 25, 2024 November 06, 2024 October 22, 2024 September 26, 2024 August 07, 2024 |
Else Nutrition is changing the face of early childhood nutrition with clean, sustainable, plant-based products. The company has developed the world’s first whole plant-based infant formula that is targeting the $100+ billion global...
CLICK TO LEARN MOREDevvStream provides upfront capital for sustainability projects in exchange for carbon credit rights. Through these rights, the company generates and manages carbon credits by utilizing the most technologically advanced...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS