Ryder System Inc (NYSE: R) and Clean Energy Fuels Corp (NASDAQ: CLNE) announced an agreement for Ryder to switch the fuel at its stations in Orange and Fontana CA to Clean Energy’s Redeem renewable natural gas.
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. “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 about 1,319 passenger cars from the road annually.
Ryder is a leader in NG vehicle solutions for the commercial transportation industry, with more than 40 million miles of experience, 18 strategic NG vehicle maintenance markets, and more than 4,000 NG vehicle trained personnel. It 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 NG fueling stations in Fontana and Orange.
“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.
Redeem is a renewable NG vehicle fuel, often referred to as biomethane. It is derived from biogenic methane or biogas, which is methane naturally generated by decomposition of organic waste. The methane gas is then processed, purified, and sent into the interstate natural gas pipeline and made available to Clean Energy customers. Redeem biomethane vehicle fuel is procured from more than 15 biomethane production facilities, including two owned and operated by Clean Energy.
To see a short video on how Redeem is made, click here.