UPS (UPS) announced an agreement with Clean Energy (CLNE) to purchase 170M gallon equivalents of renewable natural gas, or 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 22.5M-25M 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 efforts to reduce the absolute greenhouse gas, or GHG, emissions of its ground fleet 12% by 2025. UPS has used more than 28M gallons of RNG in its ground fleet since 2014. This means the company will now be using nearly as much RNG in one year as it has used over the past five years combined. By switching from diesel fuel to RNG, UPS vehicles fueling at 18 company-owned and operated natural gas stations across 12 states will realize a reduction in greenhouse gas emissions, as much as 1,074,000 metric tons of GHG over the life of the agreement. UPS drives more than 6,100 CNG and LNG vehicles which can be powered by RNG in Argentina, Belgium, Canada, France, Germany, the Netherlands, Thailand, the United Kingdom and the United States. More than 22% of the conventional diesel and gasoline fuel previously used by UPS's ground fleet is now being replaced by alternative fuels including renewable natural gas and renewable diesel.
