NEWPORT BEACH, Calif. – BP p.l.c. and Clean Energy Fuels Corp. today announced an agreement which will secure an increased supply of renewable natural gas (RNG) for Clean Energy through Clean Energy’s extensive fueling infrastructure as more fleets are requesting the clean fuel. The agreement enables BP to flow larger volumes to Clean Energy stations as the supply of RNG is expected to rapidly grow over the next several years with a number of new RNG production facilities under construction and more announced. In turn, Clean Energy will share in the incremental environmental credit revenues generated from the incremental RNG volume.
Renewable natural gas fuel, or biomethane, is produced entirely from organic waste. As a fuel for natural gas vehicles, including heavy-duty trucks, it is estimated to result in 70 percent lower greenhouse gas emissions than from equivalent gasoline or diesel fuel vehicles, which makes it the cleanest fuel available anywhere. Clean Energy has grown sales of its Redeem™ branded RNG from 22 million gasoline equivalent gallons (GGEs) in 2014, the first full year it was available, to an expected 100 million GGEs in 2018.
“The growth of our Redeem RNG has been astounding as municipalities and companies all over the country are achieving their sustainability and greenhouse gas reduction goals by switching their fleets,” said Andrew J. Littlefair, Clean Energy’s president and chief executive officer. “This agreement combines BP’s significant investments in RNG projects and supply network with Clean Energy’s vehicle fueling network and will help to create certainty for future RNG project development and continue to accelerate adoption of natural gas vehicle fueling.”
“As one of the largest suppliers of renewable natural gas to the U.S. transportation sector, BP is committed to supporting the transition to a lower-carbon energy future,” said Sean Reavis, BP senior vice president – global environmental products. “Our agreement with Clean Energy reflects that commitment, and we believe today’s announcement will help to accelerate the growth of RNG and promote a more sustainable energy mix.”
Redeem™ renewable natural gas is derived from biogenic methane, biomethane or biogas, which is methane that is naturally generated by the decomposition of organic waste. The methane gas is processed, purified and sent into the interstate natural gas pipeline and is currently made available exclusively to Clean Energy customers.
About Clean Energy
Clean Energy Fuels Corp. is the leading provider of natural gas fuel and renewable natural gas (RNG) fuel for transportation in the United States and Canada, with a network of approximately 530 stations across North America that we own or operate. We build and operate compressed natural gas (CNG) and liquefied natural gas (LNG) stations and deliver more CNG, LNG and RNG vehicle fuel than any other company in the U.S. Clean Energy sells Redeem™ RNG fuel and believes it is the cleanest transportation fuel commercially available, reducing greenhouse gas emissions by up to 70%. Clean Energy owns natural gas liquification facilities in California and Texas which produce LNG for the transportation and other markets. For more information, visit www.CleanEnergyFuels.com.
About BP
BP is a global producer of oil and gas with operations in over 70 countries. BP has a larger economic footprint in the U.S. than in any other nation, and it has invested more than $100 billion here since 2005. BP employs about 14,000 people across the U.S. and supports more than 106,000 additional jobs through all its business activities. For more information on BP in America, visit www.bp.com/us.