SAN DIEGO--(BUSINESS WIRE)--
Clean
Energy Fuels Corp., (NASDAQ: CLNE)
today announced at the American Trucking Association Management
Conference and Exhibition a multi-year fueling agreement to further
support Dillon
Transport's ongoing leadership in heavy-duty
natural gas truck fueling. Clean Energy is scheduled to supply
Dillon's growing fleet with approximately 2.5 million additional DGEs of
CNG annually and expects to open three additional public
truck-friendly natural gas stations in Houston, Texas, Midland,
Texas, and West Atlanta, Ga., over the remainder of the year to
accommodate the increased fuel sales.
"Clean Energy is privileged to expand our 5 year relationship with
Dillon to help enable this fleet's transition to natural gas," said
James Harger, chief marketing officer of Clean Energy. "Dillon's early
leadership in heavy-duty natural gas truck fueling helped pave the way
for numerous other heavy-duty fleets to make the switch to natural gas
fuel in Texas and beyond. These new trucks will consume an estimated 2.5
million gallons of fuel per year."
With this announcement, over 200 of Dillon's 500-truck fleet will fuel
with natural gas throughout Clean Energy's public-access network in
Texas and Georgia. This network includes a natural
gas station on Dillon's property in Dallas, Texas, built and
operated by Clean Energy. Dillon regularly takes delivery of additional
heavy-duty CNG trucks as it phases out its remaining diesel trucks.
"The successful operation of our Dallas Clean Energy station and our
current natural gas fleet operations have proven a lower total
cost-per-mile than our diesel fleet," said Jeff Dillon, president of
Dillon Transport. "Converting the rest of our fleet with Clean Energy as
our preferred fuel provider is an extension of our successful natural
gas fueling track record."
The Midland, Texas, station is located adjacent to a Pilot Flying J
Travel Center and will feature 2 CNG lanes and 2 LNG lanes. The Houston,
Texas and West Atlanta, Ga., stations will each have 2 CNG lanes.
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. In addition, nearly all natural gas consumed in
North America is produced domestically.
About Clean Energy
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading 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; develop renewable natural gas (RNG)
production facilities; and deliver more CNG, LNG and Redeem RNG fuel
than any other company 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 without limitation statements about the amount of
natural gas fuel expected to be consumed by Dillon and the benefits of
natural gas relative to gasoline and diesel. 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,
without limitation, the price of natural gas relative to gasoline and
diesel, and the cost and operating experience associated with natural
gas trucks. 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.
Clean Energy Media Contact:
Patric Rayburn
949-437-1411
patric.rayburn@cleanenergyfuels.com
or
Clean
Energy Investor Contact:
Tony Kritzer
949-437-1403
tkritzer@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
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