Clean Energy Announces Plans to Supply Redeem™ Fuel at the Station
OKLAHOMA CITY--(BUSINESS WIRE)--
The leaders of FedEx Corp., Clean
Energy Fuels Corp. (NASDAQ: CLNE)
and the State of Oklahoma cut a giant ribbon today to officially open a
state-of-the-art compressed natural gas (CNG)
station that will allow over 100 FedEx Freight Class 8 trucks to use the
convenience of fast-fueling as well as money-saving time-fueling. Also
at today's ceremony, Clean Energy announced that it expects to supply
the station with its Redeem™
renewable natural gas (RNG)
vehicle fuel in the near future. This will expand the use of Redeem,
which can reduce greenhouse gas emissions up to 70% as compared to
diesel, to yet another state and demonstrates the growing popularity of
the fuel to meet companies' and municipalities' sustainability goals.
The event at the FedEx
Freight Oklahoma City Service Center was attended by Oklahoma
Governor Mary Fallin, FedEx chairman and CEO Fred Smith, Clean Energy
co-founder Boone Pickens, and Clean Energy president and CEO Andrew
Littlefair, as well as many other federal, state and local and industry
officials.
"As one of the largest logistics companies in the world, FedEx does its
homework when charting a new course and their decision to open up a
major CNG fueling center was no different," said Andrew J. Littlefair,
CEO and president of Clean Energy. "Led by Fred's vision, the company
has always had a commitment to operate on the highest sustainable level.
Transitioning a portion of FedEx Freight's fleet to a fuel that will
substantially reduce greenhouse gas emissions is another example of
their leadership."
FedEx purchased more than 100 CNG powered tractors and contracted Clean
Energy to design
build and maintain the station. The FedEx Freight facility includes
a four-lane, fast-fill station as well as a time-fill station which has
six zones and 18 hoses. The fueling station is estimated to dispense
approximately 2.5 million gasoline gallon equivalents (GGEs) per year,
and uses Clean Energy's new CleanCNG™
compressors, which produce the cleanest downstream gas, ensuring cleaner
combustion at the vehicle.
To kick off the event, NGVAmerica President Matt Godlewski presented the
annual NGV Achievement Award to Michael Ducker, president and CEO of
FedEx Freight, for his company's leadership in alternative fuel
transportation.
"It was an honor for NGVAmerica to be at such an important event to
recognize Mike Ducker and FedEx Freight for their commitment to natural
gas fueling," said Matthew Godlewski, President of NGVAmerica. "As we
continue to advocate for the industry to legislators in Washington and
businesses around the nation, it's important that we can point to
transportation service providers like FedEx Freight as an example of
leadership when it comes to reducing GHG emissions."
Redeem™, often referred to as biomethane, reduces the impact on the
environment because it is captured from sources like landfills and dairy
farms before it is released into the atmosphere, turning that methane
into a safe, useable fuel. Redeem™ is already offered in California,
Oregon and Texas, and used by fleets in the refuse, transit and trucking
industries. Renewable natural gas is available in commercial quantities
today and can meet 100 percent of the fuel requirements of an 18-wheeler
while achieving as much as a 70 percent greenhouse gas reduction. Clean
Energy launched Redeem™ in 2013 and has rapidly increased sales as more
fleets want to realize the significant reduction in greenhouse gas (GHG)
that Redeem™ offers as compared to diesel fuel
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 CNG and LNG fueling stations; manufacture CNG and LNG equipment
and technologies; develop 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 amounts and
types of natural gas fuel expected to be consumed 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. The forward-looking statements made herein
speak only as of the date of this press release and, unless otherwise
required by law, Clean Energy undertakes no obligation to publicly
update such forward-looking statements to reflect subsequent events or
circumstances. Additionally, the reports and other documents Clean
Energy 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161011005588/en/
Clean Energy Media Contact:
Jason Johnston
949-437-1411
jason.johnston@cleanenergyfuels.com
or
Clean
Energy Investor Contact:
Tony Kritzer
949-437-1403
tkritzer@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
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