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10% Owner of Clean Energy Fuels Corp (NASDAQ:CLNE), Total Marketing Services S A , sells 93,947 shares worth ,059,130
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NGT News
May 5, 2021
Clean Energy Fuels Corp., a provider of clean fuels for the transportation market, has secured multiple renewable natural gas (RNG) supply contracts.
“Fleets are learning that RNG, together with natural gas engine technology, is a proven solution that can significantly decrease the impact of harmful emissions and reduce greenhouse gas emissions,” says Chad Lindholm, vice president of Clean Energy Fuels. “Clean Energy’s corporate vision is directly tied to working with our customers to improve air quality and positively influence public health. We will continue to grow the role of RNG in our fuel offerings to provide a clean and cost-effective alternative to diesel fuel.”
Clean Energy Fuels (CLNE) announces new renewable natural gas (RNG) contracts
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Renewable Natural Gas Gains Momentum as Trucking Fuel
Renewable natural gas is attracting more attention as a trucking fuel amid tightening emissions standards. (Clean Energy)
Progressively tougher clean air mandates and the increasing corporate focus on environmental sustainability could signal a larger role for natural gas especially renewable natural gas as a trucking fuel, experts said.
Although much of the industry’s conversation about alternative fuels has turned to electric-powered trucks in recent years, advocates for renewable natural gas, or RNG, point out that the fuel is capable of reaching net negative emissions of greenhouse gases by removing more carbon from the air than it creates.
Amazon Inks RNG Agreement, Considers Possible Stake in Clean Energy Fuels
Amazon Inc. said it has inked a five-year contract for renewable natural gas (RNG) with Clean Energy Fuels Corp. and could take up to a 20% stake in the fuel supplier over the next decade.
Beginning last Friday (April 16), RNG is to be provided to Amazon.com NV Investment Holdings LLC through 27 existing fueling outlets and 19 new fueling stations expected to be operational later this year. The stations are spread over 15 states.
In addition, Clean Energy issued a warrant to Amazon’s investment unit to purchase in tranches more than 53.1 million shares at a price of $13.49 each through April 16, 2031. The first tranches are for 13.3 million shares in connection to the fuel agreement, Clean Energy spokesperson Raleigh Gerber said. “The other tranches vest as Amazon purchases additional fuel and services with Clean Energy, up to $500 million.”
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