Clean Energy Sustainability Goals Outline Road to 100% Renewable, Zero-Carbon Fuel 20 Years Ahead of California’s Electric ...
February 26 2019 - 6:00AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) has set goals to offer
Zero-Carbon1 Redeem™ renewable natural gas (RNG) at all of its
fueling stations by 2025, summarized in its Corporate
Sustainability Report unveiled today at the GreenBiz
Conference.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190226005397/en/
Clean Energy Sustainability Goals Outline
Road to 100% Renewable, Zero-Carbon Fuel (Graphic: Business
Wire)
By transitioning exclusively to Redeem by 2025 and by achieving
Zero-Carbon intensity, Clean Energy would outdistance other
alternative fuels, including electric vehicles, which are not
excepted to hit that mark until 2045.
“In 2014, the first full year it was available, Clean Energy
delivered more than 20 million gallons of Redeem to our stations,
which represented 7 percent of our overall fuel mix. Last year, we
delivered 110 million gallons of Redeem, which represents 53
percent of the RNG delivered in the market today. This demonstrates
a significant growth in demand by our customers as they see
switching to RNG as an economical and easy way to meet their own
sustainability goals,” said Andrew J. Littlefair, president and
CEO, Clean Energy. “Clean Energy’s own corporate vision is directly
tied to reducing the impact of harmful emissions from the
transportation sector, and as such we have committed to delivering
carbon-free Redeem to all of our customers by 2025.”
The leading provider of natural gas for the transportation
industry, Clean Energy in its 2017 Corporate Sustainability Report
outlined a three-pronged approach to expanding its Redeem RNG
portfolio to 100 percent renewable energy:
Offer Zero-Carbon fuel
Clean Energy is a powerful partner in the fight for clean air
and is committed to reducing the carbon-intensity of its renewables
portfolio to Zero-Carbon by 2025. This is 20 years ahead of
California’s 2045 goal of transforming the state’s power supply to
100% renewable energy.
Provide Redeem renewable natural gas at all of its fueling
stations
Dedicated to providing the cleanest fuel available, Clean Energy
has established a goal of expanding its renewable fuel offering to
all of its stations and its customers’ stations by 2025.
Reduce its carbon footprint by 25%
Clean Energy is committed not just to sourcing the cleanest fuel
available, it is dedicated to having the cleanest natural gas fuel
supply chain. Given this, Clean Energy has established a goal of
reducing its companywide carbon footprint by
25 percent by 2025.
“Renewable natural gas is a more immediate and affordable
solution to achieving Zero-Carbon emissions in the transportation
industry, and it’s well ahead of the advancement of electric
trucks,” said Ashley White, Clean Energy Director and Head of
Sustainability. “Clean Energy is committed not just to sourcing the
cleanest fuel available but being the fastest to get to zero
emissions.”
In 2018, Clean Energy’s Redeem renewable natural gas fuel volume
grew by 40 percent to 110 million gasoline gallons equivalents
(GGEs), resulting in 665 thousand metric tons of greenhouse gas
reduction. That is the equivalent of planting 11 million trees,
removing 141 thousand gasoline-powered cars from the road, and
recycling 232 thousand tons of landfill waste.
In response to the growing number of fleets requesting Redeem,
Clean Energy has entered into agreements with BP and others to
secure an increased supply of RNG. This should enable the stream of
Redeem to rapidly grow over the next several years with new RNG
production facilities under construction and more announced.
The Corporate Sustainability Report was prepared according to
Global Reporting Initiative (GRI) Standards, the most widely
recognized framework for sustainability reporting. Clean Energy
will continue to track the percentage and carbon index of its fuel
portfolio according to the California Air Resources Board (CARB)
Low Carbon Fuel Standard (LCFS) lifecycle assessment tool, making
progress available on an annual basis.
For more information and to view Clean Energy’s 2017 Corporate
Sustainability Report, please visit:
https://www.cleanenergyfuels.com/sustainability/.
1Zero-Carbon is based on the average carbon index score
(approved by the California Air Resources Board) of Clean Energy’s
fuel supply portfolio.
About Clean Energy
Clean Energy Fuels Corp. is the leading provider of natural gas
fuel and renewable natural gas (RNG) fuel for transportation in the
United States and Canada, with a network of approximately 530
stations across North America that we own or operate. We build and
operate compressed natural gas (CNG) and liquefied natural gas
(LNG) stations and deliver more CNG, LNG and RNG vehicle fuel than
any other company in the United States. Clean Energy sells Redeem™
RNG fuel and believes it is the cleanest transportation fuel
commercially available, reducing greenhouse gas emissions by at
least 70% today. Clean Energy owns natural gas liquification
facilities in California and Texas which produce LNG for the
transportation and other markets. 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 made available and
the benefits of RNG. Actual results and the timing of events could
differ materially from those anticipated in these forward-looking
statements as a result of several factors. 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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version on businesswire.com: https://www.businesswire.com/news/home/20190226005397/en/
Clean Energy Contact:Raleigh
Gerber949-437-1397raleigh.gerber@cleanenergyfuels.com
Investor Contact:investors@cleanenergyfuels.com
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