Jacksonville project would be first endeavor of Eagle LNG Partners to
support growing maritime, trucking and railroad natural gas fueling
demand
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean
Energy Fuels Corp. (NASDAQ: CLNE)
today announced that it has placed a purchase contract on property where
it hopes to build a liquefied natural gas (LNG) fuel terminal in
Jacksonville, Fla. This would be the first LNG facility on the Eastern
seaboard to specifically supply LNG for the maritime, heavy-duty
trucking and rail industries. The planned facility is the first
project to be developed by Eagle
LNG Partners, the recently-announced consortium of Clean Energy, GE
Ventures, GE Energy Financial Services and Ferus Natural Gas Fuels,
formed to jointly deliver the cleaner-burning, less-costly fuel in the
United States.
"Establishing LNG capacity in Jacksonville is a critical strategic
effort to enable LNG fueling throughout the Southeast region for our
various market segments," said Brian Powers, vice president of LNG
production, Clean Energy. "This Eagle LNG Partners project could
establish the Port of Jacksonville as a leader in maritime
natural gas fueling and support the shipping industry as it follows
other transportation segments in transitioning to natural gas."
Located on the St. Johns River at 1632 Zoo Pkwy., Jacksonville, FL, the
facility could have the capability to produce approximately 300,000
gallons of LNG per day to support anticipated increases in maritime and
rail use and bolster supply for trucking fleets operating throughout the
Southeast United States.
"The Jacksonville project is a strong first step for Eagle LNG Partners
and would put the Eastern seaboard and Southeast region clearly in play
for high horsepower LNG fueling applications," said Sanjay Bishnoi,
senior director, GE Ventures.
Clean Energy has built an LNG facility in California, which has the
capacity to produce 180,000 gallons of LNG per day. Clean Energy also
operates an LNG facility in Willis, Texas that can produce 100,000
gallons of LNG per day. Construction of the Jacksonville facility is
anticipated to begin in the second quarter of 2014 and is estimated to
be completed in the fourth quarter of 2015. Financial details of the
project were not disclosed.
Jacksonville has emerged as a leading contender to facilitate LNG in
maritime applications due to Jacksonville-based shipping companies
increasing orders for LNG-fueled
ships to service Caribbean markets such as Puerto Rico and the U.S.
Virgin Islands. LNG has become an increasingly attractive fuel choice as
the shipping industry prepares for the 2015 enforcement of the North
American Emission Control Area, the International Maritime
Organization's international air pollution control program which limits
sulfur emissions and effectively bans the use of bunker fuel within 200
miles of the United States.
Clean Energy is conducting an "Open Season" for customers to secure a
portion of the facility's remaining available capacity. There is
anticipated to be significant interest in LNG supply from the
Jacksonville area, and any interested parties can contact Greg Roche,
vice president of national accounts and infrastructure, at (949)
437-1359 if they are interested in the excess supply.
About Clean Energy
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest 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; and develop renewable natural gas (RNG)
production facilities. For more information, visit www.cleanenergyfuels.com.
About Eagle LNG Partners
Eagle LNG Partners is a consortium comprised of Clean Energy, GE
Ventures, GE Energy Financial Services and Ferus Natural Gas Fuels,
formed to jointly deliver liquefied natural gas (LNG) in the United
States. The consortium will develop regional LNG projects to meet the
growing demand for LNG in industries such as long-haul trucking, rail,
mining, marine, and oil and gas services.
Clean Energy
Gary Foster, 949-437-1113
gfoster@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
News Provided by Acquire Media