Climate Changed
UPS Signs Biggest Renewable Gas Deal With Clean Energy Fuels
- Seven-year deal for 170 million gallons at $95 million today
- Clean Energy Fuels harvests methane from landfills to make gas
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United Parcel Service Inc. has agreed to buy the equivalent of 170 million gallons of renewable natural gas from Clean Energy Fuels Corp. over the next seven years in what the company described as the biggest-ever deal involving the alternative fuel.
The contract, worth about $95 million based on current natural gas prices, runs through 2025, according to UPS. The company said renewable natural gas will ultimately make up 40% of its total fuel purchases for ground transportation.