CVX - Clean Energy Fuels Partners With Chevron on Southern California Port Trucks Program
Energy giant Chevron (NYSE: CVX) and natural-gas fueling station operator Clean Energy Fuels (NASDAQ: CLNE) have announced a new initiative to supply truck operators serving the California ports of Los Angeles and Long Beach with renewable natural gas (RNG).
The plan, called Adopt-a-Port, seeks to reduce emissions related to port traffic by offering truck operators a carbon-negative fuel source near the ports. Clean Energy Fuels will operate the program, while Chevron will supply the RNG to the fueling stations, and provide funding to help subsidize new RNG-powered truck purchases. Clean Energy Fuels currently operates more than 530 natural-gas fueling stations in the U.S. and Canada.
Image source: Clean Energy Fuels.