Dillon Transport Expands Leadership in Natural Gas Fueling with Clean Energy; Signs Multi-Year Fueling Agreement to Open Thre...
October 07 2014 - 6:01AM
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
Rayburn949-437-1411patric.rayburn@cleanenergyfuels.comorClean
Energy Investor Contact:Tony
Kritzer949-437-1403tkritzer@cleanenergyfuels.com
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