UPS Makes Largest Purchase Of Renewable Natural Gas Ever In The U.S.
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: GlobeNewswire
ATLANTA, May 22, 2019 (GLOBE NEWSWIRE) -- UPS (NYSE: UPS) today announced an agreement with Clean Energy Fuels Corp. (NASDAQ: CLNE) to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026. This is the largest commitment for use of RNG to date by any company in the United States, with a range of 22.5 - 25 million gallon equivalents per year. RNG is a key part of UPS’s strategy to increase alternative fuel consumption to be 40% of total ground fuel purchases by 2025, supporting the logistics leader’s efforts to reduce the absolute greenhouse gas (GHG) emissions of its ground fleet 12% by 2025. “The world has a trash problem. And the world has an emissions problem. Renewable natural gas, produced naturally from bio sources such as landfills and dairy farms, not only turns trash to gas, but it turns it into clean gas,” said Mike Casteel, UPS director of fleet procurement. “Since RNG is supported by existing national infrastructure used to transpo
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- 5/3/24 - Form 10-Q
- 5/3/24 - Form 4
- UPS's page on the SEC website