Hertz Signs Agreement With Clean Energy to Build & Operate CNG Fueling Stations at Los Angeles International Airport
December 16 2010 - 12:06PM
Marketwired
The Hertz Corporation (NYSE: HTZ) has partnered with Clean Energy
Fuels Corp. (NASDAQ: CLNE) to build, operate, and supply compressed
natural gas (CNG) fueling stations at Hertz's Los Angeles Airport
facility. In addition to supporting Hertz's expanding clean-burning
CNG airport shuttle bus fleet the new Clean Energy CNG fueling
station will be accessible to the public 24/7.
"Introducing CNG shuttle buses and fueling stations to support
compressed natural gas is an integral part of Hertz's stewardship
of the environment," commented Mark P. Frissora, Chairman and Chief
Executive Officer, The Hertz Corporation. "Partnering with Clean
Energy reinforces our mission to minimize the environmental impact
from our operations and we're excited to be able to support our
shuttle fleet while also allowing other airport entities access to
the CNG station."
Costing less than diesel or gasoline, compressed natural gas
fuel produces approximately 30% less greenhouse gas emissions in
light-duty vehicles, and more than 23% lower greenhouse gas
emissions in medium to heavy-duty vehicles. Department of Energy
reports estimate that 98% of the natural gas consumed in the U.S.
is sourced in the U.S. and Canada.
"Our partnership with Hertz will allow Clean Energy to build a
much needed CNG station at Los Angeles Airport," said James Harger,
Clean Energy Chief Marketing Officer. "The transition by the
airport industry and allied services from diesel to natural gas for
ground transportation is accelerating rapidly, in response to the
need to curtail emissions, decrease fuel costs, and reduce
dependence on imported oil and our partnership with Hertz will
facilitate this transition to compressed natural gas."
The Hertz/Clean Energy CNG fueling station will be built
adjacent to Los Angeles International Airport (LAX). The Hertz LAX
facility will include public access fueling islands for local
fleets of CNG taxis and shared-ride vans, plus hotel, parking, and
rental car buses. A private Hertz island will be capable of fueling
its internal fleet, simultaneously. Station construction is
expected to begin in March and be completed by the third quarter of
2011. By 2015, Hertz expects to have transitioned its entire LAX
transit bus fleet to clean, green, domestic CNG gas power.
Clean Energy also operates a large-volume, high-traffic
LAX-adjacent public access CNG station that serves light, medium,
and heavy-duty fleet vehicles in the area.
About Clean Energy 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 18,300 vehicles at 200
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
biomethane, for delivery in the nation's gas pipeline network.
Clean Energy also owns BAF Technologies, Inc. of Dallas, TX, a
leading provider of natural gas vehicle systems and conversion for
taxis, limousines, vans, pick-up trucks and shuttle buses. Please
visit www.cleanenergyfuels.com
About Hertz The Hertz Corporation, a
subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the
world's largest general use airport car rental brand, operating
from approximately 8,300 locations in 146 countries worldwide.
Hertz is the number one airport car rental brand in the U.S. and at
81 major airports in Europe, operating both corporate and licensee
locations in cities and airports in North America, Europe, Latin
America, Asia, Australia and New Zealand. In addition, the Company
has licensee locations in cities and airports in Africa and the
Middle East. Product and service initiatives such as Hertz #1 Club
Gold®, Never Lost® customized, onboard navigation systems, SIRIUS
XM Satellite Radio, and unique cars and SUVs offered through the
Company's Prestige, Fun and Green Collections, set Hertz apart from
the competition. The Company also operates the global car sharing
club, Connect by Hertz, in New York City, Berlin, London, Madrid
and Paris. In addition, Hertz operates one of the world's largest
equipment rental businesses, Hertz Equipment Rental Corporation,
offering a diverse line of equipment, including tools and supplies,
as well as new and used equipment for sale, to customers ranging
from major industrial companies to local contractors and consumers
from approximately 325 branches in the United States, Canada,
China, France and Spain.
To make car rental reservations or for more information,
customers can call their travel agent, or call Hertz toll-free at
1-800-654-3131. Information and reservations are also available on
the web at www.hertz.com. For information on Hertz Equipment
Rental, visit the company on the web at www.hertzequip.com.
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