SEAL BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq: CLNE) today released the third edition
of "The Road to Natural Gas," an update of its growing portfolio of
customers making the switch to natural gas as a transportation fuel or
expansion of their current fleets. This edition includes new agreements
signed with additional fueling partners as potential locations for new
Clean Energy stations along the expanding America's Natural Gas
Highway®.
"This year is already shaping up to surpass 2012 in the drive towards
natural gas," said Andrew J. Littlefair, Clean Energy's CEO and
president. "After taking the ‘chicken versus egg' issue off the table as
we completed the first 70 stations of America's Natural Gas Highway, and
with gasoline and diesel prices at near historic high levels, we are
seeing significant interest and movement by the long-haul trucking
industry to make the switch to natural gas. I'm also pleased by Clean
Energy's growth in our core businesses of refuse, transit and airports
with a total of 127 new station projects completed in 2012, an 87%
increase in overall station construction over 2011."
The third edition of "The Road to Natural Gas" (attached below) contains
a listing of natural gas fuel agreements signed or executed since the
second edition was released on November 1, 2012.
With the current national average price of $4.14 a gallon for diesel and
$3.74 for gasoline (02/18/13), both fuels are significantly more
expensive than natural gas at the pump, up to $1.50 depending on local
market conditions. The use of natural gas fuel not only reduces
operating costs for vehicles, it 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.
Clean Energy (Nasdaq: CLNE) is the largest provider of natural
gas fuel for transportation in North America and a global leader in the
expanding natural gas vehicle fueling market. We have operations in
compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle
fueling and construction and operation of natural gas fueling stations.
Wholly-owned subsidiaries include IMW Industries, Ltd., which supplies
CNG equipment for vehicle fueling and industrial applications worldwide;
NorthStar, which supplies LNG and liquefied to compressed natural gas
fueling system technologies and equipment, station construction and
operations; BAF Technologies, which provides natural gas vehicle systems
and conversions for taxis, vans, pick-up trucks and shuttle buses; and
Clean Energy Renewable Fuels (CERF), which develops renewable natural
gas (RNG), or biomethane, production facilities in the U.S. For more
information, visit www.cleanenergyfuels.com.
Forward-Looking Statements — 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 deployment of natural gas vehicles, the amount of
natural gas fuel expected to be consumed by new and existing customers,
the number and location of stations to be included in America's Natural
Gas Highway, the timing for the completion of construction of these
stations, the benefits of natural gas relative to 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 performance,
availability and benefits of natural gas trucks relative to gasoline and
diesel trucks, the number of natural gas trucks deployed by our
customers, permitting or other delays encountered during the
identification of locations for, and the construction of, natural gas
fueling stations, including those stations planned for America's Natural
Gas Highway, and 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 the Company
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.
THE ROAD TO NATURAL GAS
Volume III; February 25, 2012
New Fuel and Service Agreements with Clean Energy (November 2,
2012 — February 25, 2013)
Refuse/Other Vocational Industries
Since the last edition
of Road to Natural Gas, 455 new CNG refuse trucks were delivered to
Clean Energy's 101 refuse customers and another 567 additional CNG
vehicles were ordered. The average refuse truck consumes over 10,000
gallons of fuel a year. A few recent highlights include:
• New York City Department of Sanitation, the largest municipal refuse
fleet in the country, selected Clean Energy to maintain their CNG
station in Queens. As DSNY expands their CNG fleet, Clean Energy expects
to construct additional stations located throughout the NYC area.
• Clean Energy is constructing its first fuel station that will use
renewable natural gas for Atlas Disposal in Sacramento, CA. The bio gas
will be derived from a food-waste Anaerobic Digester, be cleaned and
turned into CNG for Atlas Disposal's trucks.
• The City of Los Angeles and Clean Energy extended its relationship
with a five-year contract that will represent millions of gallons of LNG
to be provided for its fleet of refuse trucks.
• Clean Energy will construct a fuel station for Alameda County
Industries in San Leandro, CA that is expected to provide CNG for 36
trucks.
• Clean Energy signed an agreement to construct a station for a new
customer, Garden City Sanitation in Santa Clara, CA, that is anticipated
to fuel their 47 CNG trucks.
• Clean Energy is constructing another station for Republic Services in
Anaheim, CA that is projected to fuel 78 additional CNG trucks.
• The City of Tampa, FL began fueling CNG refuse trucks at Clean
Energy's Tampa Airport station. Tampa's mayor announced plans for moving
their entire fleet of more than 100 trucks to CNG.
• The City of Tempe, AZ began fueling their CNG trucks at their LCNG
station that is operated and maintained by Clean Energy.
• The City of Scottsdale, AZ has started fueling their CNG refuse trucks
at their station that was recently upgraded by Clean Energy.
• Clean Energy opened the first CNG station for USA Hauling,
Connecticut's largest waste & recycling company. Metro Taxi, Yellow Cab
and AT&T CNG vehicles are also fueling at the station, which is located
in Hartford.
• Covanta Essex opened its first CNG fueling station in Newark, NJ as
part of the overall Covanta/Clean Energy national agreement.
• The ready-mix concrete truck sector has begun to make the transition
to natural gas as a transportation fuel demonstrated by the number of
CNG trucks on display at the World of Concrete exhibition this month.
Clean Energy is fueling ready-mix concrete CNG trucks for Ferrara Bros.
Building Materials Corp. in New York and Ozinga in the Midwest.
• Clean Energy is constructing its first fueling station for the asphalt
industry in Wisconsin to serve Northeast Asphalt, Inc.'s new CNG-filling
portable trailers to provide CNG for mobile asphalt plants.
• New York City Mayor Michael Bloomberg and Clean Energy co-founder T.
Boone Pickens last week unveiled the first CNG-powered gourmet food
truck owned by Neapolitan Express. The truck also features CNG-powered
cooking equipment and generators. Clean Energy will be the exclusive
fuel provider for Neapolitan as it rolls out additional CNG food trucks
across the country.
Transit
• The City of Torrance, CA signed an agreement with Clean Energy to
construct, own and operate a private CNG fueling facility for up to 70
buses and over 20 trash trucks.
• Clean Energy signed a contract with Veolia Transportation and another
with MV Transportation, to construct, own and operate private CNG
stations expected to fuel 150 Los Angeles Department of Transportation
buses.
• The City of Tempe, AZ will replace 40 gasoline buses with CNG units
that will fuel at a Clean Energy station.
• Long Beach, CA Transit completed its first phase to transition over 60
electric hybrid buses to CNG as part of a master agreement with Clean
Energy to oversee maintenance of the its CNG fueling station.
• The cities of Las Vegas, Dallas and Los Angeles added para-transit
vehicles to their existing fleets.
• Clean Energy customer and transit agency for San Bernardino County,
CA, Omnitrans, was the first customer to receive 60 ft. articulated CNG
buses built by New Flyer Industries, a leading manufacturer of CNG buses.
• Dallas Area Rapid Transit (DART) is now taking delivery of five new
CNG transit buses every week until the agency reaches its 452-bus order.
DART will fuel its total CNG fleet, which includes 200 para-transit
vehicles, at four CNG stations built by Clean Energy.
• Canton, OH's transit agency, SARTA, has begun to fuel its CNG bus
fleet at Clean Energy's private and public fueling stations in the area.
Airports/ Shuttles/Taxis
• Super Shuttle, already one of the country's leaders in the transition
to CNG, is expanding its CNG fleet in California by over 100 new CNG
vans.
• Clean Energy opened a new CNG station at Hertz Rent-A-Car's LAX
property.
• Clean Energy opened a CNG station at San Diego International Airport
to service Enterprise Rental and Ace Parking among other fleet vehicles
serving the area.
• Chicago added 63 CNG taxis and para-transit vehicles growing their
total to over 400 NGV vehicles, an increase of 39% since the beginning
of 2012.
• Partnering with Parking Company of America, Clean Energy opened two
new stations at Cleveland-Hopkins International Airport.
• Bell Transportation announced it is adding an additional 90 CNG taxis
to their fleet that will fuel at Clean Energy's station at the Las Vegas
Airport.
• San Francisco Yellow Cab added 35 CNG taxis to their fleet, which
fuels at Clean Energy's SFO Airport station.
Trucking Companies/Shippers/Carriers
As the latest transportation sector to transition to natural gas, the
long-haul trucking industry is adding trucks to their fleets, which are
expected to fuel at Clean Energy's LNG and CNG stations. Below are some
of the most recent natural gas adopters:
• YRC Worldwide added four LNG trucks to their Southern California fleet.
• UPS has expanded their LNG fleet to 70 with 12 additional tractors
that will fuel at Clean Energy's Phoenix station.
• Modern Transportation ordered its first LNG tractors and will fuel at
Clean Energy's Latta, SC station along the I-95 corridor.
• Lancaster Foods deployed their first two LNG trucks in Maryland, where
they will fuel at Clean Energy's network of stations in the Mid-Atlantic
area.
• 99 Cent Stores added 13 LNG trucks to their Southern California fleet.
• California Cartage Company signed an agreement with Clean Energy to
construct a fueling station for yard hostlers at its container site in
Los Angeles.
• Red Bull has recently deployed two new LNG trucks in CA.
• Land O'Lakes added eight LNG trucks to its CA fleet.
• Cintas has deployed four LNG trucks in CA.
Stations on Clean Energy's "America's Natural Gas Highway®" Completed
November 2012 — January 2013
• Gretna, NE Flying J
• West Memphis, AR Flying J
• Wells, NV Flying J
• Lafayette, LA Clean Energy
• Midland, TX Flying J
• Pontoon Beach, IL Flying J
• Roland, OK Pilot Station
• Perrysburg, OH Flying J
• Lake Station, IN Flying J
• Indianapolis, IN Flying J
• Shreveport, LA Flying J
• Cheyenne, WY Flying J
• Lake Havasu, AZ Pilot
• Jacksonville, FL Pilot
• Matthews, MO Flying J
• Mesquite, TX Clean Energy
• Oak Creek, WI Pilot
• Altoona, IA Pilot
• Fort Worth TX South Clean Energy
• Albuquerque, NM Flying J
• Coachella, CA Clean Energy
• North Platte, NE Flying J
New Fueling Station Agreements Signed with Regional Partners
As
Clean Energy continues to build out its America's Natural Gas Highway,
we have signed agreements with regional partners that provide a network
of locations for additional natural gas fueling stations. We will work
with the below partners to identify strategic locations for new Clean
Energy stations.
• Road Ranger, a leading truck stop, gas station and convenience store
chain in the Midwest
• Suhaan Group, a Houston-based regional operator of truck fueling
stations
• Petroleum Wholesale, a Southwest operator of truck stations and
gasoline stations
Clean Energy Fuels Corp.
News Media
Gary Foster,
562-936-7180
gfoster@cleanenergyfuels.com
or
Investors
Tony
Kritzer, 562-936-7120
tkritzer@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
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