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OPAL Fuels Signs 60 Million Gallon RNG Supply Agreement for Five New Fueling Stations Built by OPAL
OPAL will supply RNG to a market-leading freight logistics operator under a long term agreement for the new fueling stations. WHITE PLAINS, N.Y.--(BUSINESS
About this update from Opal Fuels Inc.
[{"type":"text","content":"\nOPAL will supply RNG to a market-leading freight logistics operator under a long term agreement for the new fueling stations.\n\n\n WHITE PLAINS, N.Y.--(BUSINESS WIRE)--\nOPAL Fuels Inc. (Nasdaq: OPAL) today announced it has executed a long-term agreement with a market-leading provider of integrated logistics solutions to supply renewable natural gas (“RNG”) at five new fueling stations that are currently being built and will be serviced by OPAL Fuels under existing long-term agreements. The new station supply agreement builds upon a decade-long collaboration between the companies which has established a broad network of fueling stations across the United States.\n\n\nThe six-year RNG supply agreement anticipates a combined annual volume of approximately 12 million gasoline gallon equivalent (GGE) once all stations are operational. Two of the new stations are set to be commissioned this month with the remaining three stations over the next six to twelve months.\n\n\n“This significant agreement with a leading freight logistics provider underscores both their and OPAL’s commitment to de-carbonize heavy duty trucking through RNG,” said Adam Comora, Co-CEO of OPAL Fuels. “With its proven financial and sustainability benefits, the demand for RNG as a diesel alternative is only set to grow in the coming years. We are thrilled to leverage our vertically integrated platform to provide a ‘Cleaner, Cheaper, Now’ fuel solution helping fleets lower both their operating costs and their carbon footprint.”\n\n\nAbout OPAL Fuels Inc.\n\n\nOPAL Fuels Inc. (Nasdaq: OPAL) is a leader in the capture and conversion of biogas into low carbon intensity RNG and renewable electricity. OPAL Fuels is also a leader in the marketing and distribution of RNG to heavy-duty trucking and other hard-to-de-carbonize industrial sectors. For additional information and to learn more about OPAL Fuels and how it is leading the effort to capture North America’s harmful methane emissions and decarbonize the economy, please visit www.OPALfuels.com.\n\n\nForward-Looking Statements\n\n\nCertain statements in this communication may be considered forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and genera...