UPS - Clean Energy Enbridge to provide CNG for UPS Canada fleet vehicles
Clean Energy Fuels (NASDAQ:CLNE) +3% pre-market after joining partner Enbridge (NYSE:ENB) to announce an agreement to fuel United Parcel Service (NYSE:UPS) Canada delivery fleet vehicles with compressed natural gas. The companies say the Clean Energy-operated CNG fueling station, located near the UPS facility in London, Ontario, will provide an anticipated 2M liters (525K gallons) of CNG for converted package delivery vans in a multi-year agreement. "We are excited by the growing use of CNG in Ontario that will significantly lower greenhouse gas emissions and result in a positive environmental impact to reduce local air pollutants," Clean Energy says. Clean Energy Fuels recently was double upgraded to Outperform from Underperform at Evercore ISI.
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Clean Energy, Enbridge to provide CNG for UPS Canada fleet vehicles