One company's trash is another company's alternative fuel source.
UPS announced on Wednesday it's buying 170 million gallons of renewable natural gas — a fuel that is produced naturally from bio sources like landfills, dairy farms and wastewater treatment facilities. The purchase, which UPS described as the largest of its kind in US history, will help the company deliver its goal to reduce greenhouse gas emissions of its ground fleet 12% by 2025.
UPS estimates that the total production and use of renewable natural gas results in up to a 90% reduction in greenhouse gas emissions compared with diesel.'Dirt-cheap' to produce regular natural gasIn this case, UPS has agreed to buy up to 25 million gallons of renewable natural gas from Clean Energy Fuels, a Newport Beach, California-based natural gas company that was co-founded by billionaire T. Boone Pickens.
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