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Cemex US Signs Renewable Clean Energy Gas Fuel Agreement to Power Southern California Fleet – Company Announcement


 


HOUSTON & NEWPORT BEACH, CA.–(BUSINESS WIRE)–May 30, 2024–
Cemexleader in the construction materials industry and “Clean Energy Fuel” company. (NASDAQ: CLNE), the largest supplier of the cleanest fuel to the transportation market, announced a new fuel agreement to provide ultra-clean, renewable natural gas (RNG) to power 39 Cemex US ready-mix and cement trucks in Southern California. Cemex’s partnership with Clean Energy is the latest addition to its portfolio of lower carbon fuels California fleet.

This press release contains multimedia. You can view the full release here: https://www.businesswire.com/news/home/20240530084333/en/

Cemex Southern California fleet trucks powered by low-emission compressed natural gas (CNG) or renewable natural gas (RNG).  (Photo: Business Wire)


Cemex among them trucks Southern California fleet powered by low-emission compressed natural gas (CNG) or renewable natural gas (RNG). (Photo: Business Wire)

The fleet is expected to deliver approximately 300,000 gallons of RNG per year and will utilize Clean Energy’s network of public stations in Southern California for refueling RNG. RNG is a carbon-negative transportation fuel that significantly reduces greenhouse gas emissions by an average of 300% compared to diesel fuel.

In addition to the new fueling agreement, Clean Energy will launch a private fueling station exclusively for Cemex’s growing RNG fleet. Located in Rialto, Californiathe new station will be equipped with timed filling dispensers and a dedicated quick filling dispenser, enabling easy and economical refueling. Completion of the investment is expected at the end of this year and, among others, Cemex Trucks will soon start refueling on site. Clean Energy will supply RNG to the new privately owned station and will operate and maintain the facility upon completion.

The transition of part of the fleet to RNG is part of the Cemex Future in Action program, which focuses on achieving sustainable excellence through climate action, circularity and natural resource management, with the main goal of becoming a net-zero CO2 emission company by 2050. The company is projected to reduce its fleet’s greenhouse gas emissions by approximately 8,822metric tons of CO2e (carbon dioxide equivalent) per year, which is equivalent to taking 1,981 gasoline-powered passenger vehicles off the road for a year or planting 137,648 trees*.

“As leaders in the building materials industry, we recognize the critical role we play in building a more sustainable future. Using renewable fuels is not just an option, it is a necessity,” he said Francisco Rivera, Regional Cemex in the USA President – Western Region. “What Cemex provides is essential to building communities around the world California and country. By leveraging Clean Energy renewable energy resources, we are accelerating our aggressive sustainability goals, inspiring innovation, supporting resilience and building a legacy of responsible stewardship for future generations.

“Cemex is not only a world-class leader in the building materials industry, but also one of the most advanced in thinking about our sustainable future. This expanded fleet of RNG trucks will help decarbonize the overall operation, as well as reduce emissions associated with idling trucks on site. Cemex’s RNG fuel agreement with Clean Energy is a significant step forward in reducing Cemex’s carbon footprint,” he said Chad LindholmSenior Vice President of Clean Energy.

Clean Energy currently has a network of over 600 gas stations in the area North America and continues to increase this number with purpose-built and strategically located stations for commercial fleets.


Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including, but not limited to, statements regarding: renewable amounts and dates, expected production or consumption of natural gas; schedule and scope of construction, maintenance and other works; the number and timing of vehicles to be deployed, fueled, maintained or financed; characteristics and performance of natural gas engines and trucks; the potential development of the RNG consumer market; environmental and other benefits of Clean Energy fuels; the availability of environmental, tax and other government regulations, programs and incentives; and the effects of legislative and regulatory changes. Actual results and the timing of events may differ materially from those anticipated in these forward-looking statements. The forward-looking statements contained herein speak only as of the date of this press release and, except as otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, reports and other documents Clean Energy files with the extension KNOT (available at www.sec.gov) contain risk factors that could cause actual results to differ materially from the forward-looking statements contained in this press release.


About clean energy


“Clean Energy Fuel” company is the country’s largest supplier of the cleanest fuel for the transport market. Our mission is to decarbonize transport through the development and supply of renewable natural gas (RNG), a sustainable fuel obtained by capturing methane from organic waste. Clean energy allows thousands of vehicles – from airport buses, through city buses, to garbage trucks and heavy trucks – to reduce the amount of climate-damaging greenhouse gases. We operate an extensive network of gas stations throughout the country US AND Canada as well as RNG production plants on dairy farms. Visit www.cleanenergyfuels.com and follow @ce_renewables on X and LinkedIn.


About Cemex US


Cemex is a global building materials company providing high-quality products and reliable services with a strong history of improving the well-being of the people it serves through innovative building solutions, performance advancements and sustainability efforts. His US the network includes 8 cement plants, nearly 50 strategically located cement terminals, nearly 50 aggregate quarries and over 280 ready-mix concrete plants. Cemex US has received numerous awards for its sustainability and energy management efforts, including earnings US EPA ENERGY STAR® Partner of the Year continuously since 2019.

*EPA Greenhouse Gas Equivalence Calculator



Contact with clean energy utilities: Kimberly Fleer1-949-437-1447

[email protected]

Contact for clean energy investors: Thomas Driscoll1-949-437-1191

[email protected]

Cemex media contact:

[email protected]

1-713-722-1799

Source: “Clean Energy Fuel” company