President Obama’s Support of Natural Gas Vehicles & LNG Fueling Corridors for Trucking at Las Vegas UPS Depot Strengthens P...
January 27 2012 - 6:00AM
Business Wire
President Barack Obama spoke yesterday at the UPS Depot in Las
Vegas, Nevada promoting natural gas-fueled trucking as part of his
“Blueprint for an economy that’s built to last,” unveiled at his
January 24 “State of the Union” address to Congress, according to
Clean Energy Fuels Corp. (Nasdaq: CLNE), the leading provider of
natural gas fuel for transportation in North America.
Speaking before Clean Energy LNG fueling
tankers at UPS Las Vegas Depot, President Barack Obama lauded the
importance of natural gas vehicle fueling for interstate trucking
along America's Natural Gas Highway. (Photo: Business Wire)
In his remarks, President Obama proposed several federal
initiatives favoring the use of natural gas for transportation,
including getting more natural gas vehicles on the road using
federal fleets and helping local governments upgrade their fleets,
offering new tax incentives to help companies buy more clean
trucks, working with the private sector to help develop natural gas
fueling stations between cities for more natural gas corridors
along our highways, and launching a competition to encourage new
breakthroughs for natural gas vehicles.
Andrew J. Littlefair, Clean Energy President and CEO, said, “We
applaud President Obama for bringing this vital proposal to ‘make
the most of America’s energy resources’ to the forefront and
promoting ‘safe, responsible development of the near 100-year
supply of natural gas’ in our country.”
Littlefair noted that President Obama’s support of interstate
natural gas-fueled trucking corridors mirrored Clean Energy’s
commitment in 2011 to build the backbone network of 150 LNG fueling
stations for its America’s Natural Gas Highway providing LNG
truck fueling coast-to-coast and border-to-border in the United
States.
The newest Clean Energy fueling station on the Highway is
located in Las Vegas nearby the UPS Depot and provides the link for
trucking between Los Angeles and Salt Lake City, a vital goods
movement corridor in the Southwest.
Clean Energy owns the land and built the station with the
combination of its own capital supplemented by funding from the
federal government’s ARRA (American Recovery and Reinvestment Act
of 2009) program delivered through the South Coast Air Quality
Management District (SCAQMD). The government program also provided
funds to assist UPS in purchasing its new fleet of 48 natural
gas-fueled trucks based at the Las Vegas Depot. Clean Energy signed
a long-term contract with UPS in 2011 to fuel this fleet.
Currently priced up to $1.50 per gallon lower than diesel or
gasoline (depending upon local markets), the use of natural gas
fuel reduces costs significantly for vehicle and fleet owners,
reduces greenhouse gas emissions up to 30% in light-duty vehicles
and 23% in medium to heavy-duty vehicles. Additionally, natural gas
is a secure North American energy source with 98% of the natural
gas consumed produced in the U.S. and Canada.
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.
Today Clean Energy fuels over 25,000 vehicles at 273 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. For more information, visit
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 potential federal legislation, the
number and location of stations to be included in the natural gas
highway system, the timing for the completion of construction of
these stations, the availability and deployment of, as well as the
demand for, heavy duty natural gas truck engines, and the potential
for a natural gas highway system. 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 delays in or failure to pass any federal legislation,
permitting or other delays encountered during the identification of
locations for, and the construction of, natural gas fueling
stations, including those stations planned for the natural gas
highway, the performance, availability and price of natural gas
vehicles relative to gasoline and diesel vehicles and the price per
gallon of natural gas relative to diesel and gasoline. 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.
(For a map showing America’s Natural Gas Highway and list
of first 98 LNG fueling station locations, use this link:
http://www.cleanenergyfuels.com/pdf/CE-OS.ANGH.012412.pdf )
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50147873&lang=en
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