CLEANCOR ANNOUNCES BROAD PUSH TO SUPPLY LNG IN THE MIDWEST
September 20 2019 - 6:30AM
CLEANCOR Energy Solutions (“CLEANCOR”), a subsidiary of
SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”), announced today a
joint initiative to increase the use and supply of liquefied
(“LNG”) and compressed (“CNG”) natural gas to a range of customers
in the U.S. leveraging the footprint of its sister company, SCF
Marine Inc. (“SCF”) throughout the Mississippi River system.
SCF’s in-depth knowledge of the U.S. Inland
Waterways and its strategically located ports, terminals, barge
fleets, and existing customer relationships provide CLEANCOR with a
robust platform from which to deploy modern and mobile LNG and CNG
equipment. In addition to bunkering towboats, LNG can serve as a
viable and scalable alternative fueling solution for a variety of
inland manufacturing, mining, asphalt, agricultural and
transportation operations.
CLEANCOR currently supplies millions of gallons
of LNG annually to locations around the U.S. via its fleet of
cryogenic and high-pressure storage, transportation and gas
conditioning equipment. “Our LNG and CNG supplies are highly
adaptive to customer demands and can service both low and high
volume projects on a temporary or permanent basis. Our team is
equipped with the expertise and resources to work with customers
who want to transition from diesel, fuel oil or propane energy to
cleaner, less expensive alternatives,” said Jeff Woods, President
of CLEANCOR.
As part of this joint effort, SCF recently
purchased two 2520 HP triple screw Z-Drive towboats to support its
U.S. Inland River container-on-barge service and is exploring the
conversion of these vessels to dual-fuel LNG and diesel. This
conversion, if completed, will have the benefit of lowering
emissions and the overall cost of operations,” said, SCF President,
Tim Power.
Mr. Power further stated that “towboats of these
design specifications and characteristics are an exciting addition
to the SCF fleet and support the safe and efficient movement of our
customers’ cargo. We look forward to working with the CLEANCOR team
as we strive to make this project a reality.”
* * * * *
About SCFSCF provides integrated logistics and
barge transportation services on the U.S. Inland Waterways and in
South America.
About CLEANCORCLEANCOR Energy Solutions designs,
develops, and maintains alternative energy and power solutions for
end-customers looking to adopt energy supplies that have a
favorable environmental footprint and the potential to economically
and reliably displace legacy petroleum-based fuels. CLEANCOR
provides LNG and CNG fuel supply and logistics to commercial,
industrial, agricultural, and transportation clients, and provides
natural gas during pipeline supply interruptions due to planned
maintenance or other curtailments.
About SEACOR HoldingsSEACOR Holdings Inc. is a
diversified holding company with interests in domestic and
international transportation and logistics, crisis and emergency
management, and clean fuel and power solutions. SEACOR is publicly
traded on the New York Stock Exchange under the symbol CKH.
Certain statements discussed in this release as
well as in other reports, materials and oral statements that the
Company releases from time to time to the public constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Generally, words such as
“anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,”
“plan,” “target,” “forecast” and similar expressions are intended
to identify forward-looking statements. Such forward-looking
statements concern management’s expectations, strategic objectives,
business prospects, anticipated economic performance and financial
condition and other similar matters. Forward-looking statements are
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties that could cause actual results to differ
materially from those anticipated or expected by management of the
Company. These statements are not guarantees of future performance
and actual events or results may differ significantly from these
statements. Actual events or results are subject to significant
known and unknown risks, uncertainties and other important factors,
including, but not limited to, risks relating to future actions,
new projects, strategies, future performance and the outcome of
contingencies such as future financial results, as well as the
risks discussed in Item 1A. (Risk Factors) of the Company’s Annual
report on Form 10-K and other reports filed by the Company with the
Securities and Exchange Commission (“SEC”). Given these risk
factors, investors and analysts should not place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of the document in which they are made. These
statements constitute the Company’s cautionary statements under the
Private Securities Litigation Reform Act of 1995.
For additional information, contact SEACOR at (954) 523-2200 or visit SEACOR’s website at www.seacorholdings.com.
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