OPAL Fuels Expands Fuel Station Services Business in Canada
OPAL Fuels Inc. (Nasdaq: OPAL) has announced expansion into Canada with five new fuel station service agreements. The company will design, build, own, and operate these stations, expected to be operational by Q4 2025. The facilities will be supported by long-term fuel supply agreements.
The new stations will collectively dispense approximately 3.85 million gasoline gallons equivalent (GGE) per year, totaling around 40 million GGE over the contract terms. This expansion aligns with OPAL's 'Cleaner, Cheaper, Now' mission, focusing on providing cleaner, more affordable, low-carbon energy solutions in Canada's growing natural gas fueling market.
OPAL Fuels Inc. (Nasdaq: OPAL) ha annunciato l'espansione in Canada con cinque nuovi accordi per stazioni di servizio di carburante. L'azienda progetterà, costruirà, possiederà e gestirà queste stazioni, che dovrebbero essere operative entro il Q4 2025. Le strutture saranno supportate da contratti di fornitura di carburante a lungo termine.
Le nuove stazioni distribuiranno collettivamente circa 3,85 milioni di galloni equivalenti di benzina (GGE) all'anno, per un totale di circa 40 milioni di GGE nel corso dei termini contrattuali. Questa espansione è in linea con la missione di OPAL 'Più pulito, più economico, ora', focalizzandosi sulla fornitura di soluzioni energetiche a basse emissioni di carbonio, più pulite e più accessibili, nel crescente mercato del carburante a gas naturale in Canada.
OPAL Fuels Inc. (Nasdaq: OPAL) ha anunciado su expansión en Canadá con cinco nuevos acuerdos de estaciones de servicio de combustible. La compañía diseñará, construirá, poseerá y operará estas estaciones, que se espera que estén operativas para el Q4 2025. Las instalaciones estarán respaldadas por contratos de suministro de combustible a largo plazo.
Las nuevas estaciones dispensarán colectivamente aproximadamente 3,85 millones de galones equivalentes de gasolina (GGE) al año, totalizando alrededor de 40 millones de GGE durante los términos del contrato. Esta expansión está alineada con la misión de OPAL 'Más limpio, más barato, ahora', enfocándose en proporcionar soluciones energéticas de bajo carbono, más limpias y asequibles en el creciente mercado de combustible de gas natural en Canadá.
OPAL Fuels Inc. (Nasdaq: OPAL)는 캐나다로의 확장을 발표하며 다섯 개의 새로운 연료 스테이션 서비스 계약을 체결했습니다. 이 회사는 이러한 스테이션을 설계, 건설, 소유 및 운영할 예정이며, 2025년 4분기까지 운영을 시작할 것으로 예상됩니다. 시설은 장기 연료 공급 계약에 의해 지원될 것입니다.
새로운 스테이션은 연간 약 385만 갤런의 휘발유 동등량 (GGE)를 배출하며, 계약 기간 동안 총 약 4000만 GGE에 이를 것으로 예상됩니다. 이번 확장은 OPAL의 '더 깨끗하고, 더 저렴하게, 지금'이라는 사명과 일치하며, 캐나다의 성장하는 천연가스 연료 시장에서 더 깨끗하고 저렴한 저탄소 에너지 솔루션을 제공하는 데 중점을 두고 있습니다.
OPAL Fuels Inc. (Nasdaq: OPAL) a annoncé son expansion au Canada avec cinq nouveaux accords de service de stations-service. L'entreprise concevra, construira, possédera et exploitera ces stations, qui devraient être opérationnelles d'ici le Q4 2025. Les installations seront soutenues par des contrats d'approvisionnement en carburant à long terme.
Les nouvelles stations distribueront collectivement environ 3,85 millions de gallons équivalents de gazoline (GGE) par an, totalisant environ 40 millions de GGE sur la durée des contrats. Cette expansion s'inscrit dans la mission d'OPAL 'Plus propre, moins cher, maintenant', axée sur la fourniture de solutions énergétiques à faibles émissions de carbone, plus propres et plus abordables sur le marché croissant du carburant au gaz naturel au Canada.
OPAL Fuels Inc. (Nasdaq: OPAL) hat die Expansion nach Kanada mit fünf neuen Verträgen für Tankstellen bekannt gegeben. Das Unternehmen wird diese Stationen entwerfen, bauen, besitzen und betreiben, die voraussichtlich bis Q4 2025 betriebsbereit sein werden. Die Anlagen werden durch langfristige Kraftstofflieferverträge unterstützt.
Die neuen Stationen werden insgesamt etwa 3,85 Millionen Gallonen Benzin-Äquivalent (GGE) pro Jahr abgeben, was über die Vertragslaufzeiten hinweg insgesamt etwa 40 Millionen GGE ergibt. Diese Expansion steht im Einklang mit OPALs Mission 'Sauberer, günstiger, jetzt', die sich auf die Bereitstellung von saubereren, erschwinglicheren und kohlenstoffarmen Energielösungen im wachsenden Markt für Erdgas-Tankstellen in Kanada konzentriert.
- Secured 5 new long-term fuel station service agreements in Canada
- Expected annual dispensing capacity of 3.85M GGE
- Total contract value of 40M GGE over agreement term
- Strategic expansion into growing Canadian market
- Significant wait time until operations begin (Q4 2025)
- Capital investment required for station construction
Long-term fueling agreements for five new stations representing 3.85 million GGE of new dispensing capacity annually in Canada’s growing natural gas fueling market
When operational the five sites will collectively dispense approximately 3.85 million gasoline gallons equivalent (GGE) per year, or approximately 40 million GGE over the term of the contracts. This initiative also aligns with OPAL Fuels' mission of “Cleaner, Cheaper, Now” to provide cleaner, more affordable, low-carbon energy solutions.
“We are enthusiastic about the potential for CNG, and possibly renewable natural gas, as a transportation fuel in
About OPAL Fuels Inc.
OPAL Fuels Inc. (Nasdaq: OPAL) is a leader in the capture and conversion of biogas into low carbon intensity RNG and renewable electricity. OPAL Fuels is also a leader in the marketing and distribution of RNG to heavy duty trucking and other hard to de-carbonize industrial sectors. For additional information, and to learn more about OPAL Fuels and how it is leading the effort to capture North America’s naturally occurring methane and decarbonize the economy, please visit www.opalfuels.com.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and generally relate to future events or future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by OPAL Fuels, GFL and their respective management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include various factors beyond such management’s control, including, but not limited to, general economic conditions and other risks, uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in OPAL Fuel’s annual report on Form 10-K and quarterly reports on Form 10-Q, and other filings it makes with the Securities and Exchange Commission, and in the "Risk Factors" section of GFL's annual information form for the year ended December 31, 2023 and GFL's other periodic filings with the Securities and Exchange Commission and the securities commissions or similar regulatory authorities in
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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For OPAL Fuels
Todd Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
investors@opalfuels.com
Zach Gorin
ICR, Inc.
OPALFuelsPR@icrinc.com
Source: OPAL Fuels, Inc.
FAQ
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