Clean Energy and Maas Energy Works Join Forces to Build Nine Renewable Natural Gas Dairy Production Facilities Across Seven States
May 14 2024 - 6:30AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE), the largest provider of
the cleanest fuel for the transportation market, and Maas Energy
Works, the nation’s largest dairy digester developer, today
announced a new joint development agreement to build nine renewable
natural gas (RNG) production facilities at dairy farms across seven
states.
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the full release here:
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Clean Energy Fuels and Maas Energy Works
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This new endeavor will include dairies located in Colorado,
South Dakota, Georgia, Florida, Iowa, Nebraska and New Mexico, and
will collect the manure from a combined herd size of approximately
35,000 cows preventing the methane emissions from entering the
atmosphere.
The nine projects, each subject to finalizing diligence before
beginning construction, are expected to be completed in 2026 and
will produce up to an estimated 4 million gallons of ultra-clean
RNG annually, a negative carbon-intensity transportation fuel which
will make its way into Clean Energy’s nationwide network of RNG
stations.
Industry pioneer Maas Energy Works has completed over 60 dairy
digester projects over the past decade. The team specializes in
lagoon cover digesters which involve a large tarp over a manure
lagoon to capture the methane emissions. This process makes these
facilities significantly less expensive to build and operate
compared to tank digesters seen at other RNG plants. Financed by
Clean Energy, the nine sites are forecasted to cost approximately
$130 million in total.
“This JV brings together expertise from a seasoned RNG developer
and producer and Clean Energy’s extensive RNG distribution network
and growing RNG customer base. We are excited to continue our long
working relationship with the team at Maas Energy Works to get
these facilities online and producing pipeline quality RNG to help
supply our transportation fleet customers with clean fuel to help
them meet their sustainability goals,” said Clay Corbus, senior
vice president at Clean Energy.
“This joint venture is clear proof that family farms paired with
private businesses are an unstopped force in achieving
decarbonization. If the markets for renewable fuels are clear and
consistent, then American’s biogas industry will deliver. We will
soon be capturing fugitive manure emissions and turning them into
carbon-negative truck fuel with our partners at Clean Energy," said
Daryl Maas, CEO of Maas Energy Works.
Agriculture accounts for nearly 10 percent of U.S. GHG emissions
and the transportation sector accounts for another 28%, according
to the U.S. Environmental Protection Agency. Capturing methane from
farm waste lowers these emissions. RNG, produced by that captured
methane and used as a transportation fuel, significantly lowers GHG
emissions on a lifecycle basis when compared to diesel. This allows
RNG to be one of the only fuels to receive a negative
carbon-intensity score based on the reduction of emissions at the
source and at the vehicle.
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: the benefits of the joint development agreement
including the number, location and herd size of dairy digester
projects proposed to be constructed, the timeframe for such
construction and the anticipated investment pursuant to the joint
development agreement; the amounts and timing of manure expected to
be produced; the amounts and timing of natural gas expected to be
produced or consumed; the relative cost of construction between
lagoon cover digesters and tank digesters; the characteristics and
performance of natural gas engines and trucks; the potential
development of the consumer market for RNG; the environmental and
other benefits of Clean Energy’s fuels; the availability of
environmental, tax and other government regulations, programs and
incentives; and the impacts of legislative and regulatory
developments. 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.
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 by
capturing methane 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 as well as RNG production facilities at
dairy farms. Visit www.cleanenergyfuels.com and follow
@ce_renewables on X and LinkedIn.
About Maas Energy Works
Maas Energy Works is a family-owned business based in Redding,
California. Our founder Daryl Maas grew up in the dairy community
and is passionate about using renewable technology to create value
for farm families while improving the environment. We develop, own,
and operate on-farm renewable energy facilities. We work with dairy
families to create biogas out of cow manure and other organic
wastes. We use that biogas to generate vehicle fuel, electricity,
heat, and soon, hydrogen. Our 140 employees operate the nation’s
largest fleet of dairy digesters on over 70 farms in 8 states.
Visit www.maasenergy.com and @maasenergyworks on X and LinkedIn for
more information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240514059909/en/
Clean Energy Media Contact: Kimberly Fleer 1-949-437-1447
Kimberly.Fleer@cleanenergyfuels.com
Clean Energy Investor Contact: Thomas Driscoll
1-949-437-1191 Thomas.Driscoll@cleanenergyfuels.com
Maas Energy Works Media Contact: Dallas Spiecker
1-530-710-8545 ext 2105 dallas.spiecker@maasenergy.com
Maas Energy Works Investor Contact: Stephen Hatley
1-530-710-8545 ext 2102 stephen@maasenergy.com
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