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Clean Energy and Enbridge Partner to Make CNG Available to UPS Canada Fleet Vehicles in Ontario
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Clean Energy Fuels Corp. (NASDAQ: CLNE) has partnered with Union Energy Solutions to provide compressed natural gas (CNG) for UPS's delivery vehicles in Canada. The agreement focuses on fueling 25 converted vans at a London, Ontario station, supplying approximately 2 million litres of CNG over multiple years. This initiative aims to reduce greenhouse gas emissions by 700 metric tons, equivalent to planting over 11,000 trees. The partnership underscores Clean Energy's commitment to sustainable fuel development and its role in transitioning towards a lower-carbon future in the transportation sector.
Positive
Agreement with UPS to fuel 25 delivery vans with CNG, enhancing operational sustainability.
Estimated reduction of 700 metric tons in greenhouse gas emissions, boosting environmental initiatives.
Multi-year agreement ensures a steady demand for CNG, supporting revenue growth.
Negative
None.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (NASDAQ: CLNE), along with its industry partner Union Energy Solutions Limited Partnership, an unregulated affiliate of Enbridge Gas Inc. – an Enbridge Company, announced it has signed an agreement to fuel United Parcel Service (UPS) Canada delivery fleet vehicles with compressed natural gas (CNG) at its London, Ontario station.
UPS Canada fleet vehicles will fuel with CNG -- a lower carbon alternative to gasoline -- provided by Clean Energy and Enbridge. (Photo: Business Wire)
UPS Canada has converted 25 package delivery vans to operate on CNG – a lower carbon alternative to gasoline. The Clean Energy-operated CNG fueling station, located near the UPS facility in London, will provide an anticipated 2,000,000 litres (525,000 gasoline gallon equivalent) of CNG in a multi-year agreement. Fueling the trucks with CNG will reduce 700 metric tons of greenhouse gas emissions–the equivalent of planting 11,667 trees, removing 152 cars from the road, and recycling 281 tons of landfill waste.
“We are excited by the growing use of CNG in Ontario that will significantly lower greenhouse gas emissions and result in a positive environmental impact to reduce local air pollutants,” said Chad Lindholm, senior vice president, Clean Energy. “UPS has led the way in sustainable transportation for many years and we’re pleased to partner with them to expand their clean natural gas fleet in Canada. We’re pleased that UPS continues the migration of its package cars to CNG in Canada and applaud their sustainability efforts.”
“We are pleased to help the medium and heavy transportation industries that are working hard to reduce emissions,” said Cynthia Hansen, Executive Vice President & President, Gas Distribution & Storage, Enbridge Inc. “CNG is a cleaner-burning solution for fleet and transit vehicles that can immediately reduce emissions by up to 20 percent as compared to gasoline or diesel while also reducing fuel costs.”
“CNG is an important part of UPS’s strategy to increase its use of alternative fuel and reduce our emissions,” said Floyd Bristol, Vice President of Automotive, UPS Canada. “As a transportation company, we have a responsibility to put sustainability at the core of our operations and adding these new vehicles to our growing alternative fuel fleet in Canada will have a measurable impact.”
“The use of compressed natural gas (CNG) is a cleaner fuel choice that can help reduce greenhouse gas emissions,” said Todd Smith, Ontario Minister of Energy. “Congratulations to Enbridge Gas, Clean Energy and UPS Canada on this exciting initiative that is helping to advance Ontario’s transition towards a lower-carbon future.”
In further growth of CNG volume in Canada, the City of London has expanded its natural gas solid waste fleet from six to eight refuse vehicles, with plans to order more in the near future. Each waste truck fuels with an expected 19,000 litres (5,000 gallons) of CNG per year.
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.
About Union Energy Solutions
Union Energy Solutions Limited Partnership (UES) is an unregulated affiliate of Enbridge Gas Inc., an Enbridge Company – that focuses on various clean energy business initiatives in the Province of Ontario.
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 CNG expected to be consumed, numbers of CNG vehicles expected to be deployed, plans to increase CNG vehicle fleet sizes, the cost of CNG, the benefits of Clean Energy’s fuels and the value 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.
