— New Stations Will Support Third-Party Logistics Provider's Growing
Natural Gas Truck Fleet —
SEAL BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq: CLNE) has signed a 10-year strategic
partnership agreement with Saddle Creek Corporation, a leading logistics
services provider, to build natural gas fueling stations at existing
Saddle Creek locations in support of Saddle Creek's expanding natural
gas-powered truck fleet.
Saddle Creek is a nationwide third-party supply chain logistics (3PL)
company that integrates transportation, warehousing, contract packaging
and fulfillment services. The company operates 29 facilities across the
country, which aggregate over 14 million square feet of warehousing
space.
The first of Saddle Creek's planned network of natural gas fueling
stations opened in December at the company's headquarters campus in
Lakeland, Florida. Designed to fuel up to 120 CNG trucks per day, it is
equipped with four fast-fill pumps and 20 time-fill hoses. Other sites
under consideration include Saddle Creek locations in Atlanta, Georgia,
Charlotte, North Carolina, and Dallas, Texas.
James Harger, Chief Marketing Officer, Clean Energy, said, "We are proud
to partner with Saddle Creek, an environmental leader within the freight
community, on this natural gas station development effort. Investing in
natural gas vehicles for its fleets, and the fuel stations to supply
them, is clear evidence of Saddle Creek's commitment to help the supply
chain trucking industry lower fuel costs, curtail harmful emissions, and
reduce dependence on imported oil."
Mike DelBovo, President, Saddle Creek Transportation, said,
"Sustainability is a core strategy at Saddle Creek, and this major new
station-building agreement with Clean Energy marks a significant
milestone in our efforts to transition our truck fleets to natural gas
power. Our aim is to provide the benefits of this clean, cost-efficient,
abundant domestic fuel to our shipping industry customers across the
nation."
Currently priced up to $1.50 or more per gallon lower than diesel fuel,
depending on market conditions, the use of natural gas fuel reduces
costs significantly for vehicle and fleet owners, and lowers greenhouse
gas emissions up to 23% in medium to heavy-duty vehicles. Additionally,
natural gas is a secure North American energy source, with 98% of the
natural gas consumed produced in the U.S. and Canada.
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; construction and operation of natural gas fueling stations;
compressor equipment and technology; biomethane production; and vehicle
conversion. We fuel over 530 fleet customers and 25,000 vehicles daily
at more than 273 strategic locations across the country with a broad
customer base in the refuse, transit, trucking, shuttle, taxi, airport
and municipal fleet markets.
We are building America's Natural Gas Highway™, a network
comprised initially of 150 planned LNG truck fueling stations connecting
major freight trucking corridors across the country.
IMW Industries, Ltd., a wholly owned subsidiary, is a global
supplier of compressed natural gas equipment for vehicle fueling and
industrial applications with more than 1,200 installations in 25
countries. NorthStar, a wholly owned subsidiary, is the
recognized leader in LNG/LCNG (liquefied to compressed natural gas)
fueling system technologies and equipment, station construction and
operations. It has built 70% of the LNG fueling stations in the United
States. BAF Technologies, Inc., a wholly owned subsidiary, is a
leading provider of natural gas vehicle systems and conversions for
taxis, vans, pick-up trucks and shuttle buses. It has converted more
than 15,000 vehicles. Clean Energy Renewable Fuels (CERF), a
wholly owned subsidiary, is developing renewable natural gas (RNG) or
biomethane production facilities in the United States. CERF owns (70%)
and operates a landfill gas facility in Dallas, Texas that produces RNG
for delivery in the nation's gas pipeline network for power generation
and transportation fuel. CERF is building a second facility in Canton,
Michigan, and has contracted for a third in North Shelby, Tennessee. We
own and operate LNG production plants in Willis, Texas and Boron,
California with combined capacity of 260,000 LNG gallons per day and
that are designed to expand to 340,000 LNG gallons per day as demand
increases. 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, Saddle Creek's
plans to build a network of fueling stations, and the benefits of
natural gas relative to diesel 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 price per gallon of LNG relative to diesel and
gasoline, and permitting or other delays encountered during
construction. 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
News Media
Bruce Russell,
310/559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Tony
Kritzer, 562/936-7120
tkritzer@cleanenergyfuels.com
or
Saddle
Creek
Tom Collins, 863/668-4404
Tom.Collins@saddlecrk.com
Source: Clean Energy Fuels Corp.
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