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TOURMALINE AND CLEAN ENERGY OPEN NEW CNG STATIONS, ADVANCING WESTERN CANADA'S FIRST COMMERCIAL-GRADE NATURAL GAS FUELING CORRIDOR
The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas
About this update from Clean Energy Fuels Corp.
[{"type":"text","content":"The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets.\nCALGARY, AB, Oct. 22, 2024 /PRNewswire/ - Tourmaline Oil Corp. (TSX: TOU) (\"Tourmaline\") and Clean Energy Fuels Corp. (NASDAQ: CLNE) (\"Clean Energy\") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a crucial transportation corridor for trucking companies converting their fleets from diesel to CNG.\n\n \n \n \n \n \n \n\n \nPowering long-haul trucks and other fleets with CNG results in lower emissions of carbon dioxide, nitrogen oxides, sulphur dioxide and particulate matter compared to traditional diesel-powered vehicles. \n\"We are expanding our multi-year diesel displacement initiative by making CNG more readily available to heavy-duty trucking companies,\" said Michael Rose, Chairman, President and CEO, Tourmaline. \"Right here in Alberta, we have the technology, an abundance of natural gas, and now the infrastructure to help facilitate a transformative shift in the transportation sector.\"\nThe $70 million Joint Development Agreement between Tourmaline and Clean Energy was announced in April 2023, along with their commitment to build up to 20 CNG fueling stations across Western Canada in the next five years. In just over a year, their customer base has grown to nine market-leading companies that have already collectively displaced two million litres of diesel by utilizing CNG technology. \n\"The adoption of CNG has continued to accelerate over the last year, as more companies recognize the benefits of displacing diesel with a reliable fuel that is easy to use and extremely cost competitive for fleets,\" said Andrew Littlefair, President and CEO, Clean Energy. \"The development of this critical infrastructure is perfectly timed as the important new X15N natural gas engine from Cummins is being introduced to the trucking industry to rave reviews. We expect that the combination of more fueling locations and the new engine technology, ...