Clean Energy will Provide Renewable Natural Gas for New York City MTA Buses to Lower Carbon Footprint of Nation’s Largest T...
September 02 2020 - 6:00AM
Business Wire
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it has been
contracted by New York Metropolitan Transportation Authority (MTA)
to provide its Redeem™ renewable natural gas (RNG), a fuel derived
from organic waste, to power the MTA’s 800 natural gas transit
buses.
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Clean Energy will Provide Renewable
Natural Gas for New York City MTA Buses (Photo: Business Wire)
“The MTA is a prime example of a major transit agency
recognizing the environmental benefits and financial value of RNG,”
said Andrew J. Littlefair, president and CEO, Clean Energy. “We’re
pleased to support their efforts by supplying low-carbon RNG, a
cleaner fuel option that will help improve air quality and fight
climate change in the region.”
The multi-year agreement for an estimated 25 million gallons of
Clean Energy’s Redeem™ RNG is expected to reduce greenhouse gas
emissions annually by 25,351 metric tons—the equivalent of removing
5,477 gasoline cars from the road, planting 419,184 trees, and
recycling 8,623 tons of landfill waste—by switching to RNG from
fossil CNG.
"We applaud the MTA for taking bold action to improve the
environment by choosing to fuel their transit busses with RNG,”
Johannes Escudero, CEO and executive director, Coalition for
Renewable Natural Gas. “The air quality and greenhouse gas benefits
of MTA's purchase of RNG have the potential to be multiplied many
times over with the passage of a New York Clean Fuels Program, a
policy proposal that is designed to incentivize more fleets to
choose cleaner fuels and is supported by a broad coalition of
environmental and business groups in the state.”
Redeem is the first commercially available RNG vehicle fuel,
derived from capturing biogenic methane that is produced from the
decomposition of organic waste from dairies, landfills, and
wastewater treatment plants. Switching to Redeem will reduce the
MTA’s carbon footprint of its natural gas transit buses.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of
the cleanest fuel for the transportation market. Through its sales
of Redeem™ renewable natural gas (RNG), which is derived from
capturing biogenic methane produced from decomposing organic waste,
Clean Energy allows thousands of vehicle fleets, from airport
shuttles to city buses to waste and heavy-duty trucks, to reduce
their amount of climate-harming greenhouse gas by at least 70% and
even up to 300% depending on the source of the RNG. Clean Energy
can deliver Redeem through compressed natural gas (CNG) and
liquified natural gas (LNG) to its network of approximately 540
fueling stations across the U.S. and Canada. Clean Energy builds
and operates CNG and LNG fueling stations for the transportation
market, owns natural gas liquefication facilities in California and
Texas, and transports bulk CNG and LNG to non-transportation
customers around the U.S. For more information, visit
www.CleanEnergyFuels.com.
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 expected to be consumed and the
benefits of RNG. 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, the Company undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or
circumstances. Additionally, the reports and other documents the
Company 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200902005276/en/
Clean Energy Contact: Raleigh Gerber 949-437-1397
raleigh.gerber@cleanenergyfuels.com
Investor Contact: investors@cleanenergyfuels.com
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