Clean Energy Fuels Expects Better RNG Demand After Tariff and 45Z Clarity
Clean Energy Fuels expects demand for renewable natural gas from trucking companies in the US to pick up once there is more clarity on the Trump administration's tariffs as well as its market policies, CEO Andrew Littlefair said on the company's Q1 earnings call.
The RNG producer has seen Q1 sales dip and pointed to colder weather at the start of the year, which resulted in reduced supply while the market still awaits clarity on Trump's tariff war and further guidance on the 45Z Clean Fuel Production Credit, with no updates published since January.