Ryder to Fuel Fleets with 100% Renewable Natural Gas in California
November 12 2015 - 6:00AM
Business Wire
Clean Energy to provide Redeem™ renewable
fuel, fuel station Maintenance & Services at Ryder’s Orange and
Fontana stations
Ryder System, Inc. (NYSE: R) and Clean Energy Fuels Corp.
(NASDAQ: CLNE) today announced an agreement for Ryder to take the
bold step in switching the fuel at their stations in Orange and
Fontana, CA, to Clean Energy’s Redeem™ renewable natural gas (RNG),
the cleanest fuel commercially available today. The fuel at the two
stations will be available in both compressed natural gas (CNG) and
liquefied natural gas (LNG) to individual and public fleet
vehicles.
“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 Scott
Perry, vice president of Supply Management and Global Fuel
Products, Ryder System, Inc. “With Redeem™ we achieve that with a
100% renewable fuel.”
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 Fontana and Orange, CA. Ryder has a long
history of innovation and customer service and is the first and
only truck leasing and logistics company to have on-site CNG and
LNG fuels available to the public. Ryder selected Clean Energy for
its experience maintaining its own network of public access
stations as well the “behind the fence” fueling operations at over
34 customer stations.
“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 Harrison Clay, president of Clean Energy
Renewables. “Ryder’s leadership to provide Redeem™ at their two
stations in southern California will now expand the benefits of the
cleanest fuel to Ryder commercial customers’ fleets operating
hundreds of additional heavy duty trucks and other vehicles.”
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
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading provider
of natural gas fuel for transportation in North America. We build
and operate compressed natural gas (CNG) and liquefied natural gas
(LNG) fueling stations; manufacture CNG and LNG equipment and
technologies for ourselves and other companies; develop renewable
natural gas (RNG) production facilities; and deliver more CNG, LNG
and Redeem™ RNG fuel than any other company in the U.S. For more
information, visit www.cleanenergyfuels.com.
About Ryder System, Inc.
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and
the Standard & Poor’s 500 Index. The Company has been named
among FORTUNE’s World’s Most Admired Companies, and has been
recognized for its industry-leading practices in third-party
logistics, environmentally-friendly fleet and supply chain
solutions, and world-class safety and security programs. Inbound
Logistics magazine has included Ryder in its “Green Partners”
listing for five years in a row. Ryder was also recognized by the
U.S. Environmental Protection Agency (EPA) with a 2014 SmartWay
Affiliate Challenge award and SmartWay Excellence Awards in 2014
and 2013. Ryder is a charter member of the NGV Fleet Forum and a
member of the Department of Energy’s National Clean Fleets
partnership. Ryder is also a recipient of the 2011 NGV Achievement
Award. A member of the American Red Cross Disaster Responder
Program, Ryder is proud to support national and local disaster
preparedness and response efforts. For more information, visit
www.ryder.com, and follow us on our Online Newsroom, Facebook,
LinkedIn, Twitter, and YouTube.
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 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: http://www.businesswire.com/news/home/20151112005375/en/
Clean Energy Media Contact:Jason A. Johnston,
949.437.1411jason.johnston@cleanenergyfuels.comorRyder System,
Inc. Media Contacts:Jonathan Mayor,
305.500.3161jocmayor@ryder.comorCindy Haas,
305.500.4526cindy_haas@ryder.comorClean Energy Investor
Contact:Tony Kritzer,
949.437.1403tkritzer@cleanenergyfuels.com
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