Clean Energy Fuels Corp. reports developments in renewable natural gas (RNG) supply, fueling infrastructure, and transportation-fleet adoption. The company develops and delivers RNG derived from captured methane from organic waste, supplies compressed and liquefied natural gas for transportation markets in the United States and Canada, and operates fueling stations serving fleets in trucking, refuse, transit, municipal, airport, and heavy-duty applications.
Recurring updates cover quarterly operating results and RNG gallons sold, RIN and LCFS credit revenue, station construction, new fueling locations on freight corridors, fleet supply agreements, dairy RNG production facilities such as South Fork Dairy, and governance changes.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has entered into a partnership with BP Products North America Inc. to develop renewable natural gas (RNG) facilities at agricultural sites. This collaboration aims to produce carbon-negative RNG, significantly reducing emissions compared to traditional fuels. The California Air Resources Board rates these projects with a CI Score of -250. Clean Energy is the leading RNG provider in North America, with plans to deliver 100% Redeem™ RNG by 2025. The company is responding to increasing demand from heavy-duty fleets, enhancing its infrastructure and sustainability efforts.
Clean Energy Fuels Corp. (Nasdaq: CLNE) and its largest shareholder, Total S.E., have announced a memorandum of understanding to form a 50/50 joint venture aimed at developing carbon-negative renewable natural gas (RNG) production facilities in the U.S. Total will invest $50 million, while Clean Energy will contribute $30 million. Additionally, Total will provide $65 million in credit support for Clean Energy's RNG development. The partnership builds on their existing collaboration in the heavy-duty truck market, addressing the rising demand for clean fuels and supporting initiatives to combat climate change.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has secured new contracts for over 58 million gallons of Redeem renewable natural gas (RNG), targeting demand from sectors like heavy-duty trucking and public transit. Key contracts include a multi-year deal with Waste Connections for 8 million gallons and another with Food Express for 4.7 million gallons to support 60 RNG trucks. Clean Energy aims to meet increasing customer needs for sustainable fuel, which reduces greenhouse gas emissions by at least 70%. The company's growth reflects a commitment to sustainable transportation amid ongoing challenges.
Clean Energy Fuels Corp. (Nasdaq:CLNE) will announce its third quarter 2020 financial results on November 5, 2020, post-market close. A conference call is scheduled for 4:30 p.m. Eastern time, featuring CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can join via a dedicated phone line or access a live webcast on the company's website, available for replay for 30 days. Clean Energy promotes renewable natural gas (RNG) to reduce greenhouse gas emissions significantly across its fueling stations in North America.