Clean Energy Becomes First Ever Commercial Distributor of Transportation Fuel Made from Waste
October 03 2013 - 6:01AM
Business Wire
-- Thousands of natural gas vehicles
throughout California are now using the new fuel that is up to 90%
cleaner and 100% renewable --
Clean Energy Fuels Corp. (Nasdaq: CLNE), North America’s largest
provider of natural gas for transportation, announced today that it
will be the first company to commercially distribute a renewable
natural gas vehicle fuel, called Redeem, made from waste streams
such as landfills, large dairies and sewage plants directly to
fleets around the country and at the 35 public Clean Energy
stations throughout California. Thousands of cars, taxis, shuttles
and industrial fleets in California are now using Clean Energy’s
Redeem, which is up to 90% cleaner than diesel and 100%
renewable.
“It’s a landmark day for Clean Energy as the first company to
make this revolutionary and renewable transportation fuel made from
waste available to our customers,” said Andrew J. Littlefair,
president and CEO of Clean Energy. “Our goal is to produce and
distribute 15 million gallons of Redeem in our first year which can
make significant progress towards achieving California’s climate
change goals and show that this is a viable, cleaner and abundant
alternative fuel source for our future.”
Clean Energy is staking a leadership position in the renewable
fuels market through its significant investment in a natural gas
fueling infrastructure, including 400 fueling stations throughout
the nation, and in the development of multiple biomethane
production facilities that are expected to produce Redeem.
“California’s leadership in addressing the threat of climate
change and its commitment to reduce greenhouse gas emissions makes
it the ideal state to launch Clean Energy’s Redeem fuel,” said
Harrison Clay, president of Clean Energy subsidiary Clean Energy
Renewable Fuels. “Redeem is the lowest carbon footprint fuel
commercially available and the only affordable renewable fuel for
heavy duty trucks. We believe this creates an environmental and
economic incentive for companies inside and outside California who
are looking to make a major reduction in the greenhouse gas
emissions from their fleet operations while still saving on their
fuel bill. Redeem makes that possible.”
According to California Air Resource Board estimates, Redeem
sourced from landfill gas can enable up to a 90% reduction in
carbon emissions when displacing diesel or gasoline in CNG. A fleet
that consumes 1,000,000 gallons of gasoline per year can reduce
their greenhouse gas emissions by approximately 9,700 metric tons
by switching to Redeem, which is the equivalent of taking 1,940
passenger cars off the road per year.
“Clean Energy’s new Redeem product will help cut greenhouse gas
emissions on our roads while providing customers a lower-priced
fuel when compared to gasoline or diesel. I applaud Clean Energy’s
vision to provide a fuel that is both good for the consumer and the
air we breathe,” said California Air Resources Board Chairman Mary
D. Nichols.
Redeem by Clean Energy is a renewable natural gas vehicle fuel,
often referred to as biomethane. It is derived from biogenic
methane or biogas, which is methane that is naturally generated by
the decomposition of organic waste. Clean Energy captures and
extracts methane gas from its landfills and other waste streams.
The methane gas is then processed, purified and sent into the
interstate natural gas pipeline and made available exclusively to
Clean Energy customers. Today, Clean Energy is producing Redeem at
biomethane production facilities in Dallas, Texas; Canton, Mich.;
and is constructing a third facility in Millington, Tenn., with
plans to develop other production facilities across the country.
Clean Energy also sources biomethane from third parties to market
and distribute as Redeem vehicle fuel. For graphics and additional
information, visit http://www.redeembycleanenergy.com.
About Clean Energy
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest provider
of natural gas fuel for transportation in North America. We build
and operate compressed natural gas (CNG) and liquefied natural gas
(LNG) fueling stations; manufacture CNG and LNG equipment and
technologies for ourselves and other companies; convert taxis,
vans, pick-up trucks and shuttle buses to natural gas; and develop
renewable natural gas (RNG) production facilities. For more
information, visit www.cleanenergyfuels.com.
Forward-Looking Statement
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 statements about Clean
Energy’s plans to produce and distribute Redeem and develop
biomethane production facilities, Clean Energy’s ability to
profitably sell Redeem well below the price of diesel or gasoline,
the benefits of Redeem and expectations about the future adoption
of Redeem as a vehicle fuel. Actual results and the timing of
events could differ materially from those anticipated in these
forward-looking statements as a result of several factors,
including, but not limited to, permitting and other delays in
developing biomethane production facilities, difficulties producing
biomethane at Clean Energy’s production facilities, challenges
acquiring biomethane from third parties, problems delivering
biomethane to customers and Clean Energy’s ability to sell at
favorable prices credits it may generate under federal or state
laws, rules or regulations in connection with selling biomethane as
a vehicle fuel. 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.
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Clean Energy Fuels Media Contact:Patric
RayburnPublic Relations
Manager949-437-1411patric.rayburn@cleanenergyfuels.comorClean
Energy Investor Contact:Tony KritzerDirector, Investor
Relations949-437-1403tkritzer@cleanenergyfuels.com
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