Clean Energy Signs Contract with Dillon Transport to Build & Operate Natural Gas Fueling Station to Support Freight Carrier
March 18 2011 - 6:00AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) has signed an agreement
with major contract freight carrier Dillon Transport to build,
operate and supply an LNG/CNG fueling station on Dillon-owned
property in Dallas, Texas. The new Clean Energy natural gas fueling
facility, also available 24/7 for public access, will support the
expanding Dillon fleet of clean-burning, LNG-powered tanker
trucks.
Dillon Transport’s temperature-sensitive tanker truck fleets
operate throughout the U.S. and Canada, with contract services
concentrated east of the Rocky Mountains. The new Dallas Clean
Energy station will support Dillon LNG trucks to be deployed in the
near future to deliver raw materials to the Owens Corning shingle
production plant in Irving, Texas. Owens Corning is a leading
global producer of residential and commercial building
materials.
Along with Owens Corning, Dillon is an active member of the U.S.
Environmental Protection Agency’s SmartWay™ Transport Partnership,
a voluntary alliance of freight industry organizations that
establishes incentives for fuel efficiency and greenhouse gas
reductions.
Development of the new Clean Energy/Dillon Transport station is
expected to begin immediately, with the opening projected for the
third quarter.
Jeff Dillon, Owner and President of Dillon Transport, said, “We
are involved in this project because LNG is cleaner, cheaper and
domestic. This benefits every U.S. citizen in the form of
environmental stewardship, national security and job creation. The
new station is supported by private enterprise without government
funding. We are proud to be a leader in the use of LNG as a
transportation fuel, and without our partners, Owens Corning and
Clean Energy, this innovative venture would not have been possible.
Change of this magnitude is challenging, but I feel that the
benefits can be profound.”
James Harger, Clean Energy’s Chief Marketing Officer, said,
“With the availability of new class-8, 2010 EPA-compliant natural
gas trucks from several major manufacturers, regional and national
trucking operators are transitioning their fleets to natural gas to
add fuel diversity, curtail harmful emissions and reduce dependence
on imported oil. We commend Dillon Transport for its leadership
role in this rapidly-growing movement.”
Costing less than diesel, natural gas fuel produces up to 23%
lower greenhouse gas emissions in medium to heavy-duty vehicle
applications. U.S. Department of Energy reports estimate that 98%
of the natural gas consumed in the U.S. is sourced in the U.S. and
Canada.
About Dillon Transport Inc. — Dillon Transport is a
leading liquid and dry bulk carrier with an operational
concentration east of the Rockies. The company has grown over its
31-year history from a single truck to 12 terminals servicing 25
states and Canada. The Dillon fleet consists of 280 tractors and
over 400 trailers with a fleet average age of 1.8 years, making it
one of the most modern fleets in the country. Dillon Transport
provides outstanding service achieved through leveraging innovative
technology in the areas of operations, safety and environmental
impact.
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 21,200 vehicles at 224 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 1,200
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 deployment of Dillon’s LNG trucks,
the demand for Dillon’s services and the commencement of vehicle
fueling operations at the station. 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 rate of LNG truck procurement by Dillon, the performance,
availability and price of LNG vehicles relative to gasoline and
diesel vehicles and permitting or other delays encountered during
the construction of the station. 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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