Clean Energy Contracts with Fair Oaks Dairy Affiliate to Build & Operate a New Natural Gas Fueling Station to Support a CNG T...
June 14 2011 - 1:15PM
Business Wire
Renewable Dairy Fuels, an affiliate of major Indiana milk
producer Fair Oaks Dairy, has contracted with Clean Energy Fuels
Corp. (Nasdaq: CLNE) to build and operate a new compressed natural
gas (CNG) fueling station (Fair Oaks Station) that will dispense
CNG fuel to power the initial fleet of 42 CNG milk-hauling trucks
that the dairy plans to deploy later this year. The Renewable Dairy
Fuels CNG trucks will transport milk to processing plants owned by
Kroger Co. in Indianapolis, Indiana, Murphysboro, Tennessee, and
Winchester, Kentucky.
Set to open in the fall of 2011, the Fair Oaks Station will also
have public access and will be located near the dairy farm adjacent
to Interstate 65 in Fair Oaks, Indiana — about 70 miles south of
Chicago. The Fair Oaks Station will supply the Fair Oaks CNG
milk-hauling truck fleet, as well as other CNG vehicles operating
in the area. A second CNG station is planned for late 2011 in
Southern Indiana adjacent to the Kentucky border along Interstate
65.
Renewable Dairy Fuels also plans to produce biomethane from
dairy cattle waste and pipe the biogas directly to the Fair Oaks
Station for onsite conversion to CNG vehicle fuel. The biogas will
be made available for vehicle fuel use once the conditioning
facility for the biogas is completed, which is anticipated within
12 to 18 months.
The dairy’s CNG truck fleet will transport 53 loads of milk per
day, which equates to 7.5 million gallons a month or 90 million
gallons of milk per year. The trucks will replace diesel-powered
models, and are projected to use more than 1.5 million diesel
gallon equivalents of CNG per year.
James Harger, Chief Marketing Officer, Clean Energy, said, “Fair
Oaks Dairy is a leading proponent of sustainable farming practices
and their use of natural gas and renewable biogas to power natural
gas trucks is a model that can be replicated by dairy operations
throughout America. We are delighted to have this opportunity to
work with Fair Oaks as they move to control fuel costs in a
volatile energy environment, reduce dependence on foreign oil and
curb the global warming impact of their fleet operations.”
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 liquefied natural gas
(“LNG”) vehicle fueling, construction and operation of CNG and LNG
fueling stations, biomethane production, vehicle conversion and
compressor technology.
Clean Energy fuels over 22,700 vehicles at 238 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 Fair Oaks Dairy’s annual fuel
consumption, the rate of CNG truck procurement and deployment by
Fair Oaks Dairy, the timing of the commencement and completion of
construction of the Fair Oaks Station and the biogas conditioning
facility, the construction of a second CNG fueling station in
Southern Indiana and the future production and use of biogas as a
vehicle fuel. 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
Fair Oaks Dairy’s products, availability, price and performance of
CNG trucks relative to gasoline and diesel trucks, the price per
gallon of CNG relative to diesel and gasoline, permitting or other
delays encountered during the construction of the Fair Oaks Station
or the biogas conditioning facility and the ability to produce
pipeline quality CNG from the dairy cattle waste. 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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