— First CNG Fueling Station Underway at Fort Pierce, Florida —
SEAL BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq:CLNE) has contracted with major
Southeast U.S. solid waste collection, recycling and disposal company
Waste Pro USA to build, operate and maintain a new CNG fueling station
on Waste Pro property in Fort Pierce, FL. The private time-fill fueling
facility will support the company's new fleet of CNG-powered trash
trucks.
Waste Pro recently announced its investment of $100 million for vehicles
and fueling stations to transition a portion of its fleet from diesel
fuel to compressed natural gas (CNG) fuel. The investment includes
planned construction by Clean Energy of natural gas fueling facilities
in the South.
Development of the Waste Pro CNG station at Fort Pierce has been
permitted, with opening projected for early third quarter of 2012. In
Phase One of its CNG transition effort, Waste Pro expects to deploy 150
heavy-duty waste collection and recycling trucks to serve residential
and commercial customers.
Commenting on its CNG fueling commitment and station infrastructure
partnership with Clean Energy, John J. Jennings, President and CEO of
Waste Pro, said, "We care about the communities we serve. This move will
reduce emissions in our operating footprint and potentially provide
fueling stations for the cities and counties we serve."
Raymond P. Burke, Clean Energy Vice President, said, "We are pleased to
partner with Waste Pro to support its new fleet commitment to natural
gas-powered trucks to add fuel diversity, curtail harmful emissions and
dependence on foreign oil. We congratulate Waste Pro for its exemplary
leadership efforts in the Southeast U.S. region."
Waste Pro is one of the country's fastest growing, privately owned waste
collection, recycling and disposal companies, operating in seven
southeastern states: Florida, Georgia, South Carolina, Alabama, North
Carolina, Louisiana and Mississippi. With more than 2,400 employees and
1,400 trucks, it serves more than 1.8 million customers from 70
operating locations, and maintains more than 140 exclusive municipal
contracts and franchises.
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
conversions. We fuel over 530 fleet customers and 25,000 vehicles 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 1,400 installations in 26
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 approximately 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. 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, the plans of
Waste Pro and Clean Energy to build fueling stations in the South, the
timing for completion of the Fort Pierce station, the benefits of
natural gas vehicle fuel as compared to diesel, and the potential for a
natural gas highway system. 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, changes in Waste Pro's plans to invest $100 million for vehicles and
fueling stations to transition a portion of its fleet from diesel to
CNG, the price per gallon of CNG relative to diesel and gasoline, and
permitting or other delays encountered during station 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 Fuels Corp.
News Media
Bruce Russell,
310-559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Tony
Kritzer, 562-936-7120
tkritzer@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
News Provided by Acquire Media