Clean Energy Becomes First Ever Commercial Distributor of Transportation Fuel Made from Waste
-- Thousands of natural gas vehicles throughout
"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
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
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
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
About Clean Energy
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
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Clean Energy Fuels Media Contact:
Public
Relations Manager
949-437-1411
patric.rayburn@cleanenergyfuels.com
or
Clean
Energy Investor Contact:
Director,
Investor Relations
949-437-1403
tkritzer@cleanenergyfuels.com
Source:
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