Clean Energy to Build & Operate New CNG Fueling Facility to Support Tulsa, Oklahoma Transit Authority’s Transition to a 100...
March 31 2011 - 6:00AM
Business Wire
The Metropolitan Tulsa Transit Authority (MTTA) of Tulsa,
Oklahoma has awarded Clean Energy Fuels Corp. (Nasdaq: CLNE) a
contract to design, build, operate and maintain a compressed
natural gas (CNG) fueling station to support the agency’s growing
fleet of CNG-powered buses and paratransit vehicles.
Slated to open in September 2011, the new Tulsa Transit fueling
facility will be equipped with 39 time-fill posts and one fast-fill
CNG dispenser. The new station, located at MTTA’s vehicle
maintenance facility, will support the agency’s accelerating
program to replace 100% of its diesel-powered bus fleet with clean,
green, cost-efficient CNG models. Currently Tulsa Transit deploys
63 fixed-route buses and 49 paratransit vehicles in a 197-
square-mile area that includes the communities of Tulsa, Jenks,
Broken Arrow and Sand Springs. Annual ridership tops 2.8 million
passenger trips.
In 2011, Tulsa Transit expects to add 35 new CNG paratransit
vehicles and 15 CNG buses to its fleet, replacing diesel models as
they are retired from service this year.
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. Using natural gas fuel can eliminate tons of emissions from
entering the atmosphere throughout the operating life of a typical
bus fleet, while also lowering a transit agency’s operating costs
significantly.
James Harger, Chief Marketing Officer, Clean Energy, said,
“Tulsa Transit places significant value on the reduced operating
costs and environmental benefits offered by natural gas. Across the
United States, Clean Energy is partnering with many leading public
transit agencies like Tulsa Transit to reliably fuel over 5,500
buses daily. We commend the Metropolitan Tulsa Transit Authority
for taking such strong, positive action to bring the benefits of
clean-burning natural gas fuel to the communities they serve.”
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. Clean Energy del Peru, a joint venture,
fuels vehicles at two stations and provides CNG to commercial
customers in Peru. We own (70%) and operate a landfill gas facility
in Dallas, Texas, that produces renewable natural gas, or
biomethane, for delivery in the nation’s gas pipeline network. We
are building a second facility in Michigan. We own and operate 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,
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 Tulsa Transit’s
CNG-powered buses and CNG paratransit vehicles and the commencement
of vehicle fueling operations at the Tulsa Transit facility. 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 CNG vehicle procurement by
Tulsa Transit, the performance, availability and price of CNG
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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