Clean Energy Announces Completion of First Stage of Its Nationwide Network of Natural Gas LNG Fueling Stations for Long-Haul,...
December 05 2012 - 6:00AM
Business Wire
With the completion of its LNG truck fueling station in
Matthews, Missouri this month, Clean Energy Fuels Corp. (Nasdaq:
CLNE) concludes the first stage of America’s Natural Gas
Highway® (ANGH), a network of liquefied natural gas (LNG) truck
fueling stations to support long-haul, heavy-duty goods movement
along major interstate corridors throughout the United States.
Clean Energy's America's Natural Gas
Highway(R), a network of liquefied natural gas (LNG) truck fueling
stations to support long-haul, heavy-duty goods movement along
major interstate corridors throughout the United States. (Photo:
Business Wire)
Speaking at last week’s American Trucking Associations Summit on
Natural Gas in Trucking, Andrew Littlefair, Clean Energy President
and CEO, said, “We have created America’s Natural Gas Highway® to
support the growing number of long-haul truckers and shippers who
are deploying factory-built, heavy-duty trucks powered by natural
gas fuel. LNG-fueled trucks can now travel the country and reap the
benefits of fuel cost savings, reduced dependence on foreign oil,
and the lower emissions profile that characterizes this abundant
American resource.”
By the end of 2012, Clean Energy will have completed 70 new LNG
truck fuel stations along highways that link major U.S.
metropolitan areas. Many of these stations are located at existing
Pilot-Flying J truck stops. Pilot is the nation's largest
truck-stop operator with more than 550 retail properties in 47
states. In 2013, Clean Energy plans to build 70 to 80 additional
LNG fuel stations adjacent to long-haul trucking routes and around
major warehouse distribution centers in North America. Major
highway segments now completed include, among others, those linking
the Southwest Corridor, Los Angeles to Atlanta, The Texas Triangle,
Atlanta to Chicago to Texas, and major corridors in the Midwest and
Northeast. (See below for the list of stations.)
Clean Energy noted that an iPhone app station locator will be
available by the end of the year to complement its web-based
locator at http://www.cnglngstations.com.
The LNG fueling stations coincide with the arrival of new
natural gas truck engines well suited for heavy-duty, over-the-road
trucking. At the ATA Summit, executives from engine manufacturers
and original equipment truck manufacturers such as
Cummins-Westport, Kenworth, Peterbilt, Navistar, Freightliner and
Volvo presented their plans to rollout a variety of Class-8 trucks
and engine sizes allowing for varied road and driving requirements.
Jim Arthurs, President of Cummins Westport Inc., reiterated the
scheduled launch of the much-anticipated ISX 12 G natural gas
engine to begin in Spring 2013 with full production and delivery by
Fall 2013.
Presenting at the Natural Gas Summit were executives from all
segments of the trucking industry including the CEOs of the three
largest truck stop chains, natural gas producers ConocoPhillips and
Exxon and representatives from some of the largest shippers and
truckers who are already benefiting from transitioning a portion of
their fleets to natural gas. Governor Bill Graves, President and
CEO of the ATA, called the trucking industry’s transition to
natural gas “historic” and compared it to two other major
milestones in the industry – deregulation and the formation of the
ATA. ATA Chairman Michael Card, who is also president of Combined
Transport Inc., said, “We are truly at the cusp of a potential
revolutionary change in the trucking industry” as it moves toward
more use of natural gas as a transport fuel.
Clean Energy’s ANGH stations are in addition to the ongoing CNG
station building planned for the company's traditional markets in
transit, refuse, airport/taxi/shuttle and local/regional trucking,
which activity accounts for 60 station projects in 2012 and is
expected to account for approximately the same number in 2013.
Currently priced up to $1.50 a gallon lower than gasoline or
diesel depending on local markets, the use of natural gas fuel
reduces operating costs for vehicles and reduces greenhouse gas
emissions up to 30% in light-duty vehicles and 23% in medium to
heavy-duty vehicles. The U.S. Department of Energy reports that 98%
of the natural gas consumed in the U.S. is sourced in the U.S. and
Canada, making natural gas a secure North American energy
choice.
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 fueling market. We have
operations in compressed natural gas (CNG) and liquefied natural
gas (LNG) vehicle fueling and construction and operation of natural
gas fueling stations. Wholly-owned subsidiaries include IMW
Industries, Ltd., which supplies CNG equipment for vehicle fueling
and industrial applications worldwide; NorthStar, which supplies
LNG and liquefied to compressed natural gas fueling system
technologies and equipment, station construction and operations;
BAF Technologies, which provides natural gas vehicle systems and
conversions for taxis, vans, pick-up trucks and shuttle buses; and
Clean Energy Renewable Fuels (CERF), which develops renewable
natural gas (RNG), or biomethane, production facilities in the U.S.
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 the availability of natural gas truck
engines and the deployment of natural gas vehicles, the amount of
natural gas fuel expected to be consumed by new and existing
customers, the number and location of stations to be included in
America's Natural Gas Highway®, the timing for the completion of
construction of these stations, the benefits of natural gas
relative to diesel fuel, and expectations about the future adoption
of natural gas 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, but not limited to, the performance, availability and
benefits of natural gas trucks relative to gasoline and diesel
trucks, the number of natural gas trucks deployed by our customers,
permitting or other delays encountered during the identification of
locations for, and the construction of, natural gas fueling
stations, including those stations planned for America's Natural
Gas Highway®, 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, unless
otherwise required by law, the company undertakes no obligation to
publicly update such forward-looking statements to reflect
subsequent events or circumstances. Additionally, the reports and
other documents the Company files with the SEC (available at
www.sec.gov) contain risk factors, which may cause actual results
to differ materially from the forward-looking statements contained
in this news release.
America’s Natural Gas Highway®
2012
Birmingham AL Flying J
North Platte NE Flying J
Hope Hull (Tyson) AL Flying J Albuquerque NM Flying J Mobile
(Theodore) AL Pilot Travel Center Las Vegas NV Clean Energy West
Memphis AR Flying J Lordsburg NM Flying J Lake Havasu City AZ Pilot
Travel Center Wells NV Flying J Phoenix AZ Flying J London OH Pilot
Travel Center Winslow AZ Flying J Perrysburg (Lake Township) OH
Flying J Carson CA Clean Energy Seville OH Pilot Travel Center
Coachella (Indio) CA Clean Energy Oklahoma City OK Flying J
Commerce CA City of Commerce Roland OK Pilot Travel Center Otay
Mesa CA Flying J Central Point OR Pilot Travel Center Los Angeles
CA Ports of LA & Long Beach Stanfield OR Pilot Travel Center
Riverside CA Riverside Cty Sanitation District Mill Hall PA Flying
J Temecula CA Down’s Truckstop Smithton PA Flying J Tulare CA Clean
Energy Blacksburg SC Flying J Whittier CA Los Angeles Cty
Sanitation District Latta (Dillon) SC Flying J Jacksonville FL
Lewis Petroleum Knoxville (Watt Rd) TN Flying J Midway (Quincy) FL
Flying J Lebanon TN Pilot Travel Center Atlanta (Conley) GA Clean
Energy Amarillo TX Pilot Travel Center Dalton GA Pilot Travel
Center Baytown TX Flying J Tifton GA Pilot Travel Center Brookshire
TX Flying J Altoona IA Flying J Dallas TX Clean Energy Caldwell ID
Flying J El Paso TX Flying J La Salle IL Flying J Fort Worth TX
Pilot Travel Center Pontoon Beach IL Flying J Fort Worth TX Clean
Energy Fremont IN Pilot Travel Center Houston TX Flying J
Indianapolis IN Flying J Laredo TX Flying J Lake Station IN Flying
J Mesquite TX Petro City Colby KS Pilot Travel Center Midland TX
Midland Petroleum Salina KS Flying J San Antonio TX Flying J Scott
(Lafayette) LA Clean Energy Waco TX Flying J Shreveport (Greenwood)
LA Flying J Weatherford TX Pilot Travel Center North East (Elkton)
MD Flying J Beaver UT Flying J Joplin MO Flying J Fort Chiswell VA
Flying J Matthews MO Flying J* Ruther Glenn (Carmel Church) VA
Flying J Pearl (Jackson) MS Flying J Oak Creek WI Pilot Travel
Center* Graham NC Flying J Cheyenne WY Flying J Gretna (Omaha) NE
Flying J Rawlins WY Flying J
*Stations anticipated for December 2012 completion.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121205005571/en/
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jul 2023 to Jul 2024