Anthony Orlando, president and CEO, Covanta Energy, commented, "Covanta is proud to partner with Clean Energy and the New Jersey Clean Cities Coalition in the installation of the new fueling station at our Energy-from-Waste Facility. CNG is the perfect complement to our work in converting post-recycled waste into clean electricity. This new CNG station is an important step in building out necessary infrastructure to support the transition to modern fleets of garbage trucks fueled by natural gas and that transition will provide economic and environmental benefits to the communities we serve."
Recovering energy from residual waste left over after recycling at energy-from-waste facilities like Covanta Essex offsets greenhouse gases and produces much needed renewable energy; reduces landfill use which preserves open space; protects the environment by employing state-of-the-art equipment and systems; and maximizes recycling and the reuse of resources.
This Clean Energy and Covanta CNG fueling station project is partially funded by a U.S. Department of Energy Federal Stimulus Grant through the New Jersey Clean Cities Coalition, a non-profit organization that works to educate the public about the environmental benefits of switching to vehicles powered by alternative fuels.
Natural gas fuel costs up to $1.50 less per gallon than gasoline or diesel, depending on local market conditions. The use of natural gas fuel not only reduces operating costs for vehicles, but also reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in medium to heavy-duty vehicles. The U.S. Department of Energy reports that 98% of the natural gas consumed in the U.S. is sourced in the U.S. and Canada, making natural gas a secure North American energy choice.
About Covanta Energy
Covanta Energy Corporation (NYSE: CVA) is an internationally recognized owner of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's 44 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert 20 million tons of waste into 9 million megawatt hours of clean, renewable electricity and approximately 9 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaenergy.com
About Clean Energy
Clean Energy Fuels Corp. (NASDAQ: CLNE) is the largest provider of natural gas fuel for transportation in North America. We build and operate compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations; manufacture CNG and LNG equipment and technologies for ourselves and other companies; convert taxis, vans, pick-up trucks and shuttle buses to natural gas; and develop renewable natural gas (RNG) production facilities. For more information, visit www.cleanenergyfuels.com.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including statements about the benefits of natural gas relative to gasoline and diesel fuel and expectations about the future adoption of natural gas as a vehicle fuel. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors, including, but not limited to, the price per gallon of natural gas fuel relative to diesel and gasoline. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Most Popular Stories
- 15 Myths That Could Ruin Your Hispanic Ad Campaign
- Bitcoin Clones Lurch Onto Financial Scene
- General Motors Names Mary Barra as First Female CEO
- AIG to Create 230 Jobs in Charlotte
- Clinton to Keynote Annual Simmons Leadership Conference
- How Bitcoin and Other Cryptocurrencies Work
- Californians Want to Legalize Marijuana
- Pacific Trade Pact Delay Hinders U.S. Pivot to Asia
- Selena Gomez, Shakira Among Top Hispanic Searches
- Budget Deal Sets Off Grumbles in Both Houses