Clean Energy Fuels Completes Third Production Train at Boron Plant, Meets Rising LNG Demand
Portfolio Pulse from Benzinga Newsdesk
Clean Energy Fuels Corp. (NASDAQ:CLNE) has completed the construction of a third production train at its Boron, California LNG plant, increasing its capacity by 50%. This expansion will help meet the rising demand for LNG, particularly from customers like Pasha Hawaii, which operates three LNG-powered container ships.
June 11, 2024 | 10:32 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Clean Energy Fuels Corp. (CLNE) has increased its LNG production capacity by 50% at its Boron plant, which will help meet the growing demand for LNG, especially from key customer Pasha Hawaii.
The completion of the third production train at the Boron plant significantly boosts CLNE's production capacity, allowing it to meet the increasing demand for LNG. This is particularly important given the rising fuel needs of key customer Pasha Hawaii, whose LNG consumption has quadrupled since 2022. This expansion is likely to positively impact CLNE's revenues and market position in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100