An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Clean Energy Widens Path for Carbon Reduction in Transportation; Signs Deals for More Renewable Natural Gas, New Stations
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced new fuel and infrastructure contracts to address the rising demand for renewable natural gas (RNG). Key highlights include a fueling agreement with Pacific Green Trucking for 1 million gallons of RNG to power 61 trucks, partnerships with Chevron and Republic Services for expansion projects, and contracts with various other logistics and transit companies. This initiative aims to significantly reduce greenhouse gas emissions and improve air quality in California’s port areas.
Positive
New contracts for RNG fuel totaling approximately 1 million gallons with Pacific Green Trucking.
Chevron committed $28 million to support the purchase of new RNG heavy-duty trucks.
Over 200 heavy-duty trucks contracted through the Adopt-a-Port program.
Expansion projects with Republic Services in Huntington Beach and Anaheim, CA.
Clean Energy signed contracts with multiple transportation agencies for significant RNG supplies.
Negative
None.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced additional fuel and infrastructure contracts to meet the growing demand for renewable natural gas (RNG), a sustainable fuel that provides an immediate and significant carbon reduction in transportation.
Pacific Green Trucking continues to expand its clean fleet in the Port of Los Angeles, signing a fueling agreement with Clean Energy for an estimated 1 million gallons of RNG to power 61 new natural gas trucks. (Photo: Business Wire)
In the Ports of Los Angeles and Long Beach, Clean Energy’s Adopt-a-Port program with Chevron continues to gain momentum, with more fleets switching to RNG. Chevron has committed to provide a total of $28 million of financing to trucking companies serving the ports region as well as owner-operators to purchase new RNG heavy-duty trucks. So far, over 200 heavy-duty trucks have been contracted through the program and over 400 more are being processed, which will help to clean the air in and around the ports and significantly reduce greenhouse gas emissions.
A leader in the move to meet clean air standards in California, Pacific Green Trucking continues to expand its clean fleet in the port region, signing a fueling agreement with Clean Energy for an estimated 1 million gallons of RNG to power 61 new natural gas trucks.
“Reducing our carbon emissions and improving air quality near the ports is a top priority for Pacific Green and we’re doing it one truck at a time,” said Vicente Zarate, president, Pacific Green Trucking. “RNG is the most immediate and cost-efficient way to make the necessary environmental changes for the trucking industry.”
Also deploying another 46 RNG-fueled trucks through the Adopt-a-Port program are NGL Logistics, TDS Logistics, Mortimer & Wallace, Pacific 9, Cota Capital American Pacific Forwarders, Arete Logistics, Paul Suh, Sang’s Express, Pacifica Trucks, Pacific Expressway, Yanxiu Li, IML Transport, Supra National Express, and Atlas Marine.
“Renewable natural gas creates a pathway for our customers to dramatically reduce their carbon emissions and turn their sustainability goals into reality,” said Chad Lindholm, vice president, Clean Energy. “As the demand for RNG accelerates, more clean natural gas trucks are hitting the roads in the Port of Los Angeles and elsewhere, and we’ll be there to provide both the fuel and infrastructure to help fleets realize immediate and significant carbon reduction.”
Republic Services has signed an agreement with Clean Energy for an expansion project in Huntington Beach, CA. The first phase includes expanding an existing RNG fueling station to accommodate more refuse vehicles, as well as adding new fast-fill capabilities for their growing private fleet and transfer truck operations. In the second phase of the expansion, Clean Energy will construct a new station at an adjacent address to fuel 30 additional RNG trucks.
In addition to these projects, Clean Energy has been contracted for a major expansion of the Republic Services RNG fueling facility in Anaheim, CA, that will provide 52 additional fueling bays for refuse trucks.
Harrison Industries in Ventura, CA has signed an agreement for a station upgrade and fueling contract for an anticipated seven million gallons of RNG to fuel 80 natural gas solid waste trucks.
Golden Empire Transit in Bakersfield, CA has signed a maintenance agreement with Clean Energy for its fueling station, which will provide an expected 2 million gallons of RNG during the term to power over 100 transit buses.
Salem Area Mass Transit District (SAMTD) in Oregon, which has operated natural gas buses for more than 20 years, has signed a $1.6 million contract with Clean Energy for a station upgrade to accommodate its 64 transit buses.
Clean Energy has signed an agreement with MV Transit in Long Beach, CA, for an anticipated 700,000 gallons of RNG to fuel municipal buses.
The County of Sacramento has signed a maintenance contract for an expected 900,000 gallons of compressed natural gas (CNG) to fuel 50 refuse trucks.
Clean Energy continues its historic partnership with Dallas Area Rapid Transit (DART), signing a maintenance agreement for the transit agency’s stations for an approximate 27 million gallons of natural gas which serves 700 transit buses.
Blue Diamond Disposal, a refuse and recycling company located in Mount Arlington, NJ has renewed a maintenance agreement with Clean Energy. The station will dispense an expected 2.5 million gallons of CNG during the term to fuel 50 refuse trucks.
The Atlantic County Utilities Authority (ACUA) has signed a contract with Clean Energy to continue maintenance services for the Egg Harbor Township, NJ refuse and recycling company. The station will provide an anticipated 1.6 million gallons of CNG to fuel 58 refuse trucks over the contract term.
The City of Tacoma, WA has signed a maintenance agreement with Clean Energy for an estimated 700,000 gallons of CNG to fuel 50 waste trucks.
The Portage Area Regional Transportation Authority (PARTA) in Ohio is continuing to add CNG vehicles to its fleet.
“We’re excited to be able to provide this new transportation option for our riders. These vehicles combine the character of early 20th century trolleys with leading-edge green technology,” said Claudia Amrhein, PARTA General Manager and CEO. “The fact that PARTA’s new trolley buses are powered by CNG fuel moves us closer to our goal of lowering our carbon footprint. That’s a win for our riders, PARTA, and the wider community.”
Long-time Clean Energy customer, Atlantic City Jitney Association, which operates shuttle buses out of Egg Harbor Township, NJ, has extended its contract for an estimated 900,000 gallons of CNG to power its fleet.
Green Path Logistics, a large nationwide carrier in Dallas, TX, has signed a fueling agreement with Clean Energy for 900,000 gallons of fuel for its fleet of 100 heavy-duty trucks.
The City of Temple, TX has inked a maintenance contract with Clean Energy for its station with an expected 576,000 gallons of fuel over the term for 30 sanitation trucks.
In Canada, the City of London, Ontario, has inked a fueling agreement with Clean Energy for an expected 476,000 gallons of fuel for 28 refuse trucks. The City has been operating six CNG-powered refuse trucks for more than a year at the London Flying J truck stop and has added the 28 new trucks to support the City's new "Green Bin" program expansion.
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 Adopt-a-Port initiative, the benefits of Clean Energy’s fuels, the timing and scope of construction and maintenance projects 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.
What recent contracts has Clean Energy Fuels Corp (CLNE) announced?
Clean Energy Fuels Corp (CLNE) announced several contracts for renewable natural gas (RNG), including a fueling agreement with Pacific Green Trucking for 1 million gallons of RNG.
How is Clean Energy Fuels Corp (CLNE) contributing to carbon reduction?
Clean Energy Fuels Corp (CLNE) is providing renewable natural gas to various fleets, facilitating significant reductions in greenhouse gas emissions in partnership with companies like Chevron.
What is the value of Chevron's commitment to Clean Energy Fuels Corp (CLNE)?
Chevron has committed $28 million to support trucking companies in switching to renewable natural gas (RNG) through Clean Energy's initiatives.
What areas are impacted by Clean Energy's new RNG initiatives?
The new RNG initiatives by Clean Energy are primarily impacting the Ports of Los Angeles and Long Beach, California.
