Ryder to Fuel Fleets with 100% Renewable Natural Gas in California
Clean Energy to provide Redeem™ renewable fuel, fuel station
Maintenance & Services at Ryder's
"Our decision to use 100% renewable natural gas is based upon our
ongoing commitment to ensuring we are delivering solutions that help our
customers reduce greenhouse gas emissions," said
By making the switch to Redeem™, Ryder is expected to reduce greenhouse gas emissions by approximately 6,300 metric tons per year using current fuel volumes. This would be the equivalent of removing approximately 1,319 passenger cars from the road annually.
Ryder is the leader in natural gas vehicle solutions for the commercial transportation industry, with more than 40 million miles of experience, 18 strategic natural gas vehicle maintenance markets, and more than 4,000 natural gas vehicle trained personnel. Ryder has been the pioneer in transitioning their fleets to cleaner fuels and today operates both CNG and LNG vehicles supported by 34 Clean Energy locations.
As part of the fuel agreement, Clean Energy also will be providing fuel
station maintenance services at Ryder's natural gas fueling stations in
"After launching Redeem™ as a commercial fuel just two short years ago,
Clean Energy is on track to deliver over 40 million gallons this year,"
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. The methane gas is then processed, purified and sent into the interstate natural gas pipeline and made available exclusively to Clean Energy customers. Redeem™ biomethane vehicle fuel is procured from over 15 biomethane production facilities, including two owned and operated by Clean Energy. Clean Energy is on track to deliver 40 million gallons of Redeem™ in 2015. For a short video to understand how Redeem™ is made, visit https://www.youtube.com/watch?v=3VapWtJGVEw.
About Clean Energy
About
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company.
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 Ryder's
expected reductions in greenhouse gas emissions, the amount of Redeem™
Clean Energy expects to deliver in 2015, and the benefits of Redeem™
relative to other fuels. 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 without limitation
conditions at biomethane production facilities and the cost and
operating experience associated with natural gas vehicles. The
forward-looking statements made herein speak only as of the date of this
press release and, unless otherwise required by law, Clean Energy
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances. Additionally,
the reports and other documents Clean Energy files with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20151112005375/en/
Clean Energy Media Contact:
jason.johnston@cleanenergyfuels.com
or
Jonathan Mayor, 305.500.3161
jocmayor@ryder.com
or
cindy_haas@ryder.com
or
Clean
Energy Investor Contact:
tkritzer@cleanenergyfuels.com
Source:
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