UPS Contracts with Clean Energy to Fuel New UPS LNG Regional Truck Fleet in Las Vegas
February 22 2011 - 9:08AM
Business Wire
UPS, the world’s largest package delivery company, has
contracted with Clean Energy Fuels Corp. (Nasdaq: CLNE) to fuel its
new fleet of 48 liquefied natural gas (LNG) package transportation
trucks at a new truck fueling station near UPS facilities in Las
Vegas, Nevada. The agreement has a seven-year initial term with
three one-year renewal options. Clean Energy will design, build,
own and operate the station, which is set for opening in the first
half of 2011.
“Investment in a fuel-efficient technology that helps reduce our
carbon footprint and reduce our dependence on petroleum remains a
key component of UPS’s transport strategy,” said Mike Britt,
Director of Vehicle Engineering at UPS. “For our heavy-duty
vehicles, LNG has proved successful in reducing emissions, keeping
our maintenance and operating costs low, and significantly reducing
our dependence on petroleum for these shipping lanes.”
The public access LNG fueling station will support the
deployment of a new regional UPS fleet of 48 LNG delivery trucks
used to transport packages between UPS facilities in Las Vegas and
Ontario, Calif., as well as to other regional destinations. LNG
fuel requirements are expected to exceed 1.2 million gallons
annually for the UPS 48-truck fleet, which will be deployed during
the first half of 2011. The station will also become a key link in
the Southwest LNG truck fueling corridor being developed by Clean
Energy.
James Harger, Chief Marketing Officer, Clean Energy, said, “We
are delighted to have this opportunity to extend our relationship
with UPS to support its efforts to curb harmful air pollution and
global warming emissions. The new Las Vegas LNG truck fleet is part
of continuing efforts by UPS to reduce its emissions from the use
of fuels like gasoline and diesel, and to lower its carbon
footprint.”
Harger added, “This UPS station project is a major step toward
realizing our goal to create a Southwest LNG truck fueling corridor
that will extend along major truck transport routes from San Diego
to Salt Lake City.” The development of the Clean Energy LNG station
infrastructure is in direct response to the increasing demand for
natural gas fuel as major trucking companies secure and deploy
LNG-powered trucks throughout the region.
To supply its Southwest regional LNG fuel customers, Clean
Energy operates the largest LNG production plant in the Southwest,
located in Boron, Calif. The facility includes a 1.8-million-gallon
LNG storage tank as an important supply resource.
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 UPS’s annual fuel consumption and the
potential for a Southwest LNG truck fueling corridor. 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 the demand for UPS’s services in the
Southwest region, permitting or other delays encountered during the
construction of the station, LNG truck availability and
performance, the rate of LNG truck procurement by trucking fleets
and the actual demand for LNG fuel at any LNG fueling facilities
built and owned by Clean Energy. 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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