(Clean Energy Fuels Corp./NGV Journal) Clean Energy Fuels Corp. has opened a new public fueling station in Carson, California, that will provide renewable natural gas to fuel trucks in the Ports of Los Angeles and Long Beach, and service many Carson-area truck terminals and warehouses.
“This station will allow more vehicles to take advantage of the cleanest fuel available today, especially in a region heavily impacted by emissions from heavy-duty trucks,” said Greg Roche, vice president of sustainability, Clean Energy. “We are pleased to bring more fueling choices to companies that want to reduce their carbon footprint with renewable natural gas and greatly reduce harmful greenhouse gases.”
Clean Energy Fuels, BP Create JV for RNG Fuel Production
Clean Energy Fuels Corp.
Clean Energy Fuels Corp. announced it finalized a joint venture with BP Products North America Inc., a subsidiary of BP, to develop, own and operate new renewable natural gas projects at dairies and other agriculture facilities.
Each company will retain 50% voting control in the joint venture, which will be initially funded with $50 million previously provided by BP and another $30 million from Clean Energy.
The joint venture anticipates adding preferred stock and debt to increase committed investment capital, according to Clean Energy. It is based in Newport Beach, Calif., and will be the operating partner.
Operator
Greetings and welcome to Clean Energy Fuels Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.
I will now turn the conference over to Robert Vreeland, Chief Financial Officer. Thank you. You may begin.
Robert Vreeland
Chief Financial Officer
Thank you, operator. Earlier this afternoon, Clean Energy released financial results for the quarter and year ending December 31st, 2020. If you did not receive the release, it is available on the Investor Relations section of the company s website at www.cleanenergyfuels.com where the call is also being webcast. There will be a replay available on the website for 30 days.
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