NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct 31, 2023--
Clean Energy Fuels Corp. (Nasdaq: CLNE ) and TotalEnergies SE (NYSE: TTE) announced that renewable natural gas (RNG) from Del Rio Dairy in Friona, TX, began flowing in June to the transportation market and recently began generating D3 renewable identification numbers (RINs) credits under the U.S. Environmental Protection Agency’s (EPA) Renewable Fuel Standard, as well as credits through Oregon’s low carbon fuel standard (LCFS) program. The RNG produced at Del Rio Dairy and injected into the country’s natural gas pipeline system represents a major milestone in Clean Energy’s strategy to become the leader in both producing and selling a fuel that is so clean, the California Air Resources Board gives it an average carbon-intensity rating of -331.
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Del Rio Dairy (Photo: Business Wire)
“The demand for RNG is only increasing,” said Clay Corbus, senior vice president of renewables at Clean Energy. “There is no easier or immediate way for fleets to achieve their goals to reduce carbon emissions than transitioning their trucks, buses, or other large vehicles to RNG. Turning the challenge of managing manure at large dairies like Del Rio Dairy into something so positive like an ultra-low carbon fuel is a huge win for all parties.”
Clean Energy broke ground at the Del Rio Dairy biogas digester in November 2021, completed construction in February 2023, and stored the RNG produced until regulatory approval in June. Del Rio Dairy is the first low carbon-intensity RNG project completed by Clean Energy and was financed through a joint venture between Clean Energy and TotalEnergies. The multi-generational, family-owned and operated dairy has 7,500 milking cows.
Agriculture accounts for nearly 10 percent of U.S. greenhouse gas (GHG) emissions and the transportation sector accounts for another 28%, according to the EPA. Capturing methane from farm waste lowers these emissions. RNG, produced by that captured methane and used as a transportation fuel, significantly lowers GHG emissions on a lifecycle basis when compared to diesel. This allows RNG to be one of the only fuels to receive a negative carbon-intensity score based on the reduction of emissions at the source and at the vehicle.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on X.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
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 natural gas expected to be produced or consumed; numbers of vehicles expected to be deployed, fueled, maintained, or financed; the environmental and other benefits of Clean Energy’s fuels; the timing and scope of construction, maintenance, and other projects; and the impacts of legislative and regulatory developments. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. 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 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20231031446345/en/
CONTACT: Media Contact:
Gary Foster
(949) 437-1113
Gary.Foster@cleanenergyfuels.comInvestor Contact:
Thomas Driscoll
949-437-1191
thomas.driscoll@cleanenergyfuels.com
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY OIL/GAS ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE TRUCKING ALTERNATIVE ENERGY AGRITECH ENERGY TRANSPORT ENVIRONMENT SUSTAINABILITY PUBLIC TRANSPORT AGRICULTURE NATURAL RESOURCES
SOURCE: Clean Energy Fuels Corp.
Copyright Business Wire 2023.
PUB: 10/31/2023 06:30 AM/DISC: 10/31/2023 06:30 AM
http://www.businesswire.com/news/home/20231031446345/en
