Clean Energy Contracts to Add Four New CNG Fueling Stations at Airports in Four States
May 05 2011 - 6:00AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) has signed long-term
agreements with four major airport complexes in four states to
design, build, own and operate new compressed natural gas (“CNG”)
stations to support ground transport vehicles and off-airport
parking shuttles. The new Clean Energy stations, available 24/7 for
public access, will be located in Tampa, Florida; New York City,
New York; New Orleans, Louisiana; and Philadelphia,
Pennsylvania.
“With these new agreements, the number of major airports that
Clean Energy supports with CNG fueling services will increase from
the current 23 to 27. Airports and allied ground transport services
have become magnets for natural gas vehicle usage of all types in
response to the need to curtail emissions, decrease fuel costs, and
reduce dependence on imported oil,” said James Harger, Chief
Marketing Officer, Clean Energy. “We welcome this opportunity to
support forward-looking airport fleet operators and off-airport
parking leaders as they transition their fleets to natural gas
power.”
Currently priced significantly less than diesel, natural gas
fuel produces up to 30% lower greenhouse gas emissions in
light-duty vehicles and 23% percent lower 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.
Tampa, Florida International
Airport
At Florida’s Tampa International Airport, the Clean Energy
public access facility will support the airport’s expanding fleet
of low carbon, low emission CNG passenger and employee transit
buses, as well as off-airport hotel and parking shuttle fleets.
Tampa International will be the first airport in Florida to
implement CNG power for its ground transportation vehicle
fleets.
John F. Kennedy International Airport,
New York City
Clean Energy has contracted with JFK AP, LLC to develop, own and
operate a new CNG fueling station at the Airport Plaza convenience
store and fueling center adjacent to JFK International Airport. The
station, located on land owned by the Port Authority of New York
and New Jersey, will be available 24/7 for public access. It will
support JFK’s expanding on-airport CNG-powered ground transport
vehicle fleets, off-site Parking Spot CNG shuttle buses, taxis and
other CNG vehicles operating in the area.
Louis Armstrong New Orleans
International Airport, Louisiana
Clean Energy has contracted for a new CNG fueling station
adjacent to Louisiana’s New Orleans International Airport on
property leased by off-airport shuttle operator Park N’ Fly. The
station will provide CNG fueling services to Airport
Authority-operated shuttle vehicles, CNG-powered taxis, and varied
off-airport parking shuttle fleets, including the Park N’ Fly
fleet.
Philadelphia, Pennsylvania
International Airport
The new Clean Energy Philadelphia Airport CNG fueling station
will be located on property owned by Wallypark, a national
off-airport parking shuttle operator. The station will be available
24/7 for public access and will provide CNG fueling services to
Airport Authority-operated shuttle vehicles, CNG-powered taxis, and
varied off-airport parking shuttle fleets, including the Wallypark
CNG shuttle fleet.
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 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, and we plan to build 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 rate of CNG vehicle procurement and
deployment by airports, off-airport hotels and parking shuttle
fleets and the timing of the commencement and completion of
construction of the stations. 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 performance, availability and price of CNG vehicles
relative to gasoline and diesel vehicles, the price per gallon of
CNG relative to diesel and gasoline and permitting or other delays
encountered during construction of the stations. The
forward-looking statements made herein speak only as of the date of
this press release and, unless otherwise required by law, the
company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances.
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