UPS Makes Substantial Move To Renewable Fuels

Go back to UPS Makes Substantial Move To Renewable Fuels

UPS (UPS) Announces Agreements for Up to 46 Million Gallons of Renewable Fuels (SZYM) (REGI)

July 29, 2015 9:06 AM EDT

UPS (NYSE: UPS) today announced agreements for up to 46 million gallons of renewable fuels over the next three years, constituting a 15-fold increase over prior contracts and making UPS one of the largest users of renewable diesel in the world.

The agreements with three leading suppliers of renewable fuels, secure access to an advanced renewable diesel fuel in order to meet the company's objectives for alternative fuel utilization. Neste, Renewable Energy Group (NASDAQ: REGI), and Solazyme (NASDAQ: SZYM) will... More