OPAL 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.
The 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.
“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.”
