Sun Metro, City of El Paso’s Public Transit Agency, Approves Three-Year Extension of Clean Energy’s Liquefied Natural Gas...
June 16 2011 - 6:00AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) has been awarded a
three-year contract extension to supply LNG fuel to Sun Metro, the
public transit agency serving the City of El Paso, Texas and
neighboring New Mexico communities.
Clean Energy has been under contract to provide LNG fuel to Sun
Metro since December 2003, with fleet fuel consumption now topping
three million gallons annually. The LNG fuel supplied by Clean
Energy is converted on site at Sun Metro facilities to compressed
natural gas (CNG) fuel, which powers the Sun Metro fleet of 200
transit and paratransit buses.
James Harger, Chief Marketing Officer, Clean Energy, said, “The
leadership of Sun Metro has long recognized the economic and
environmental benefits offered by natural gas fuel. We are pleased
to continue our supply relationship with Sun Metro, where we have
provided reliable fueling services for eight years, ensuring Sun
Metro and its riders that their buses roll out daily to meet
community transportation needs.”
Costing less than diesel, natural gas fuel produces up to
23%-percent lower greenhouse gas emissions in medium to heavy-duty
vehicles. 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 prevent 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.
With 600 employees and an annual budget of over $60 million, Sun
Metro offers fixed route and paratransit bus services within the
County of El Paso, Texas and throughout the City of Sunland Park,
New Mexico. Sun Metro, the recipient of the American Public
Transportation Association’s 2011 Outstanding Public Transportation
System Achievement Award, provides service on more than 50 fixed
routes, in a region that spans 250 square miles. Annually, Sun
Metro transit buses log more than 12 million passenger trips and
travel 60 million passenger miles.
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 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 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 and
we plan to build 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 Sun Metro’s annual rate of natural gas
fuel consumption and passenger miles and the economic and
environmental benefits of natural gas in comparison to gasoline and
diesel. 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 fluctuations in
Sun Metro’s ridership, the performance, availability and price of
CNG vehicles relative to gasoline and diesel vehicles and the price
per gallon of natural gas fuel relative to diesel and gasoline. 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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