New Agreement with Clean Energy Will Help Grow Market for Use of Methane Gas from Landfills As Fuel
UPS (NYSE:UPS) today announced it has entered into an agreement to purchase renewable natural gas (RNG) for its delivery vehicle fleet from Clean Energy Fuels Corp. (NASDAQ: CLNE). The deal signifies UPS’s plan to significantly expand its use of renewable natural gas for its alternative fuel and advanced technology fleet. The company has a goal of driving one billion miles using its alternative fuel and advanced technology fleet by the end of 2017.
Clean Energy Fuels, co-founded by T. Boone Pickens, is the exclusive producer of Redeem, the first RNG made available in commercial quantities.
UPS fueling stations in Sacramento, Fresno and Los Angeles will utilize Redeem RNG for refueling tractors and delivery vehicles in UPS’s fleet beginning this month. UPS and Clean Energy Fuels Corp. estimate that the three stations will provide approximately 1.5 million gallon equivalents annually of RNG fuel to nearly 400 UPS CNG vehicles in California.