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English Español Clean Energy announces $150 million to fund RNG growth

This financing provides Clean Energy with additional capital to execute its renewable natural gas growth strategy.



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Clean Energy Fuels Corp. is getting a $150 million sustainability-linked loan with Riverstone Credit Partners L.P.

This financing provides Clean Energy with additional capital to execute its renewable natural gas (RNG) growth strategy as demand for RNG fuel rapidly rises. Clean Energy’s growth strategy includes the development of negative carbon intensity.

RNG projects and construction of new RNG fueling stations for transportation sector customers. Proceeds from the term loan will be used, in part, to help fund the company’s rapid expansion of RNG projects at dairies, which capture fugitive methane and turn it into a fuel made entirely from organic waste and reduces carbon emissions by an average of 300% versus diesel. Demand for the fuel continues to grow as customers like Republic Services, WM, UPS, LA Metro and New York City MTA continue to expand their RNG fleets.

“As we articulated at the beginning of the year, we have big plans to increase our supply of RNG from dairies because when it ends up in the tank of a heavy-duty truck or a transit bus, it is rated cleaner than any other alternative in the marketplace. Our joint ventures with bp and TotalEnergies are having great success,” said Andrew J. Littlefair, president and CEO of Clean Energy.

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