Atlantic City Jitney Association Contracts with Clean Energy to Build & Operate CNG Fueling Station to Support Deployment of ...
January 12 2011 - 6:00AM
Business Wire
The Atlantic City Jitney Association (ACJA), providers of
shuttle service to local residents and millions of visitors since
1915, has contracted with Clean Energy Fuels Corp. (Nasdaq: CLNE)
to build and operate a new fast-fill compressed natural gas (CNG)
fueling station in Egg Harbor Township, Atlantic County, New
Jersey.
The CNG fueling facility will support ACJA’s deployment of its
new fleet of 190 clean-running, 13-passenger shuttle buses.
Also available 24/7 for public access, the station is projected
to open in the second half of 2011. The U.S. Department of Energy,
under the American Recovery and Reinvestment Act of 2009 federal
stimulus program, awarded ACJA a $5.5 million grant to cover the
incremental cost of acquiring the new CNG vehicles.
ACJA President Tom Woodruff said, “Ours is the longest running
non-subsidized transit company in America and we are committed to
switching our entire fleet to 100% natural gas power.” He added,
“Like any transportation company, our biggest expenditures are for
vehicle fuel, maintenance and replacement. CNG fuel prices are
consistently lower than gasoline or diesel, and CNG extends vehicle
life because it causes less engine wear and tear. Add the fact that
clean-burning CNG is better for the environment, and the choice was
obvious.”
James Harger, Clean Energy’s Chief Marketing Officer, commented,
“Every day across America, Clean Energy is partnering with public
transit providers to fuel over 5,000 natural gas buses, as well as,
helping them implement and expand their cost-effective, clean-fuel
programs. We are delighted to have the opportunity to support the
Atlantic City Jitney Association as they implement this important,
exemplary fleet transition effort.”
Costing less per gallon than diesel or gasoline, natural gas
fuel produces up to 30% lower greenhouse gas emissions in
light-duty vehicles and 23% lower emissions in medium to heavy-duty
vehicle applications.
About Clean Energy Fuels — Clean Energy (Nasdaq: CLNE) is
the largest provider of natural gas fuel for transportation in
North America and a global leader in the expanding natural gas
vehicle market. It has operations in CNG and LNG vehicle fueling,
construction and operation of CNG and LNG fueling stations,
biomethane production, vehicle conversion and compressor
technology.
Clean Energy fuels over 19,900 vehicles at 211 strategic
locations across the United States and Canada with a broad customer
base in the refuse, transit, trucking, shuttle, taxi, airport and
municipal fleet markets. It owns (70%) and operates a landfill gas
facility in Dallas, Texas, that produces renewable methane gas, or
biomethane, for delivery in the nation’s gas pipeline network. It
owns and operates LNG production plants in Willis, Texas and Boron,
Calif. with combined capacity of 260,000 LNG gallons per day and
that are designed to expand to 340,000 LNG gallons per day as
demand increases. Northstar, a wholly owned subsidiary, is the
recognized leader in LNG/LCNG (liquefied to compressed natural gas)
fueling system technologies and station construction and
operations. BAF Technologies, Inc., a wholly owned subsidiary, is a
leading provider of natural gas vehicle systems and conversions for
taxis, limousines, vans, pick-up trucks and shuttle buses. IMW
Industries, Ltd., a wholly owned subsidiary based in Canada, is a
leading supplier of compressed natural gas equipment for vehicle
fueling and industrial applications with more than 1,000
installations in 24 countries. 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 anticipated completion date of the
ACJA CNG fueling station, fuel consumption at the station, the
procurement and deployment of CNG vehicles by ACJA and the cost per
gallon of CNG. Actual results and the timing of events could differ
materially from those anticipated in these forward-looking
statements as a result of unanticipated delays in the construction
of the ACJA CNG fueling station, the availability, performance and
use of CNG vehicles by ACJA or other potential customers in the
area and a fluctuation in the price per gallon of CNG, diesel or
gasoline. 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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