Clean Energy to Increase Supply of Compressed Natural Gas (CNG) Fuel to Taxi Fleets Operated by Largest Taxicab Cooperative i...
December 08 2008 - 8:00AM
Business Wire
Administrative Services CO-OP (ASC), the largest taxicab
cooperative in the Western United States, has begun procuring new,
clean-burning CNG-powered taxis for deployment by ASC member Long
Beach Yellow Cab. In addition to this Long Beach area franchise,
ASC operates four other taxi companies in the Los Angeles area �
Los Angeles Yellow Cab, South Bay Yellow Cab, Fiesta Taxi, and
United Checker Cab � which together serve the region with nearly
1,200 taxis. Clean Energy Fuels Corp. (Nasdaq:CLNE) provides fuel
for all of ASC�s current CNG cabs at its local network of
strategically located public access stations. �ASC taxi fleets will
soon include at least 100 clean-burning CNG cabs, and, over the
next four years, we expect to replace up to 100 more of our
conventional gasoline-powered cabs with fuel-efficient models,
including the more desirable CNG models, which will help us reduce
our carbon footprint,� said Bill Rouse, General Manager, Long Beach
Yellow Cab. Mr. Rouse is also Vice President of the Taxicab
Limousine & Paratransit Association. James Harger, Clean Energy
Senior Vice President, said, �ASC and Long Beach Yellow Cab are
clear leaders in promoting the use of natural gas fuel. We look
forward to the deployment of more CNG-powered taxis in their
Greater Los Angeles service area, which will enhance both the
health and environmental benefits of all its citizens.� Funding for
the new Long Beach CNG cabs was provided by a grant from the Mobile
Source Air Pollution Reduction Review Committee (MSRC) and the
South Coast Air Quality Management District (SCAQMD). These vehicle
acquisition and deployment grants are awarded to applicants who can
demonstrate that their projects will produce measurable air quality
benefits as harmful emissions are reduced. Clean Energy
(Nasdaq:CLNE) is the leading provider of natural gas (CNG and LNG)
for transportation in North America. It has a broad customer base
in the refuse, transit, ports, shuttle, taxi, trucking, airport and
municipal fleet markets, fueling more than 14,000 vehicles daily at
over 170 strategic locations across the United States and Canada.
Clean Energy owns and operates two LNG production plants, one in
Willis, TX and one in Boron, CA, with combined capacity of 260,000
LNG gallons per day and designed to expand to 340,000 LNG gallons
per day as demand increases. It also owns and operates a landfill
gas facility in Dallas, TX that produces renewable methane gas or
biogas for delivery in the nation�s gas pipeline network. Please
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 potential growth of
the Los Angeles area CNG cab fleet. 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, availability of CNG vehicles and
availability of grant funding for CNG vehicles. The forward-looking
statements made herein speak only as of the date of this press
release and the company undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or
circumstances.
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