Clean Energy Fuels Corp. (Nasdaq: CLNE) today released the third
edition of “The Road to Natural Gas,” an update of its growing
portfolio of customers making the switch to natural gas as a
transportation fuel or expansion of their current fleets. This
edition includes new agreements signed with additional fueling
partners as potential locations for new Clean Energy stations along
the expanding America’s Natural Gas Highway®.
“This year is already shaping up to surpass 2012 in the drive
towards natural gas,” said Andrew J. Littlefair, Clean Energy’s CEO
and president. “After taking the ‘chicken versus egg’ issue off the
table as we completed the first 70 stations of America’s Natural
Gas Highway, and with gasoline and diesel prices at near historic
high levels, we are seeing significant interest and movement by the
long-haul trucking industry to make the switch to natural gas. I’m
also pleased by Clean Energy’s growth in our core businesses of
refuse, transit and airports with a total of 127 new station
projects completed in 2012, an 87% increase in overall station
construction over 2011.”
The third edition of “The Road to Natural Gas” (attached below)
contains a listing of natural gas fuel agreements signed or
executed since the second edition was released on November 1,
2012.
With the current national average price of $4.14 a gallon for
diesel and $3.74 for gasoline (02/18/13), both fuels are
significantly more expensive than natural gas at the pump, up to
$1.50 depending on local market conditions. The use of natural gas
fuel not only reduces operating costs for vehicles, it also 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 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.
THE ROAD TO NATURAL GASVolume III;
February 25, 2012
New Fuel and Service Agreements with Clean Energy
(November 2, 2012 – February 25, 2013)
Refuse/Other Vocational IndustriesSince the last edition
of Road to Natural Gas, 455 new CNG refuse trucks were delivered to
Clean Energy’s 101 refuse customers and another 567 additional CNG
vehicles were ordered. The average refuse truck consumes over
10,000 gallons of fuel a year. A few recent highlights include:
• New York City Department of Sanitation, the largest municipal
refuse fleet in the country, selected Clean Energy to maintain
their CNG station in Queens. As DSNY expands their CNG fleet, Clean
Energy expects to construct additional stations located throughout
the NYC area.
• Clean Energy is constructing its first fuel station that will
use renewable natural gas for Atlas Disposal in Sacramento, CA. The
bio gas will be derived from a food-waste Anaerobic Digester, be
cleaned and turned into CNG for Atlas Disposal’s trucks.
• The City of Los Angeles and Clean Energy extended its
relationship with a five-year contract that will represent millions
of gallons of LNG to be provided for its fleet of refuse
trucks.
• Clean Energy will construct a fuel station for Alameda County
Industries in San Leandro, CA that is expected to provide CNG for
36 trucks.
• Clean Energy signed an agreement to construct a station for a
new customer, Garden City Sanitation in Santa Clara, CA, that is
anticipated to fuel their 47 CNG trucks.
• Clean Energy is constructing another station for Republic
Services in Anaheim, CA that is projected to fuel 78 additional CNG
trucks.
• The City of Tampa, FL began fueling CNG refuse trucks at Clean
Energy’s Tampa Airport station. Tampa’s mayor announced plans for
moving their entire fleet of more than 100 trucks to CNG.
• The City of Tempe, AZ began fueling their CNG trucks at their
LCNG station that is operated and maintained by Clean Energy.
• The City of Scottsdale, AZ has started fueling their CNG
refuse trucks at their station that was recently upgraded by Clean
Energy.
• Clean Energy opened the first CNG station for USA Hauling,
Connecticut’s largest waste & recycling company. Metro Taxi,
Yellow Cab and AT&T CNG vehicles are also fueling at the
station, which is located in Hartford.
• Covanta Essex opened its first CNG fueling station in Newark,
NJ as part of the overall Covanta/Clean Energy national
agreement.
• The ready-mix concrete truck sector has begun to make the
transition to natural gas as a transportation fuel demonstrated by
the number of CNG trucks on display at the World of Concrete
exhibition this month. Clean Energy is fueling ready-mix concrete
CNG trucks for Ferrara Bros. Building Materials Corp. in New York
and Ozinga in the Midwest.
• Clean Energy is constructing its first fueling station for the
asphalt industry in Wisconsin to serve Northeast Asphalt, Inc.’s
new CNG-filling portable trailers to provide CNG for mobile asphalt
plants.
• New York City Mayor Michael Bloomberg and Clean Energy
co-founder T. Boone Pickens last week unveiled the first
CNG-powered gourmet food truck owned by Neapolitan Express. The
truck also features CNG-powered cooking equipment and generators.
Clean Energy will be the exclusive fuel provider for Neapolitan as
it rolls out additional CNG food trucks across the country.
Transit
• The City of Torrance, CA signed an agreement with Clean Energy
to construct, own and operate a private CNG fueling facility for up
to 70 buses and over 20 trash trucks.
• Clean Energy signed a contract with Veolia Transportation and
another with MV Transportation, to construct, own and operate
private CNG stations expected to fuel 150 Los Angeles Department of
Transportation buses.
• The City of Tempe, AZ will replace 40 gasoline buses with CNG
units that will fuel at a Clean Energy station.
• Long Beach, CA Transit completed its first phase to transition
over 60 electric hybrid buses to CNG as part of a master agreement
with Clean Energy to oversee maintenance of the its CNG fueling
station.
• The cities of Las Vegas, Dallas and Los Angeles added
para-transit vehicles to their existing fleets.
• Clean Energy customer and transit agency for San Bernardino
County, CA, Omnitrans, was the first customer to receive 60 ft.
articulated CNG buses built by New Flyer Industries, a leading
manufacturer of CNG buses.
• Dallas Area Rapid Transit (DART) is now taking delivery of
five new CNG transit buses every week until the agency reaches its
452-bus order. DART will fuel its total CNG fleet, which includes
200 para-transit vehicles, at four CNG stations built by Clean
Energy.
• Canton, OH’s transit agency, SARTA, has begun to fuel its CNG
bus fleet at Clean Energy’s private and public fueling stations in
the area.
Airports/ Shuttles/Taxis
• Super Shuttle, already one of the country’s leaders in the
transition to CNG, is expanding its CNG fleet in California by over
100 new CNG vans.
• Clean Energy opened a new CNG station at Hertz Rent-A-Car’s
LAX property.
• Clean Energy opened a CNG station at San Diego International
Airport to service Enterprise Rental and Ace Parking among other
fleet vehicles serving the area.
• Chicago added 63 CNG taxis and para-transit vehicles growing
their total to over 400 NGV vehicles, an increase of 39% since the
beginning of 2012.
• Partnering with Parking Company of America, Clean Energy
opened two new stations at Cleveland-Hopkins International
Airport.
• Bell Transportation announced it is adding an additional 90
CNG taxis to their fleet that will fuel at Clean Energy’s station
at the Las Vegas Airport.
• San Francisco Yellow Cab added 35 CNG taxis to their fleet,
which fuels at Clean Energy’s SFO Airport station.
Trucking Companies/Shippers/Carriers
As the latest transportation sector to transition to natural
gas, the long-haul trucking industry is adding trucks to their
fleets, which are expected to fuel at Clean Energy’s LNG and CNG
stations. Below are some of the most recent natural gas
adopters:
• YRC Worldwide added four LNG trucks to their Southern
California fleet.
• UPS has expanded their LNG fleet to 70 with 12 additional
tractors that will fuel at Clean Energy’s Phoenix station.
• Modern Transportation ordered its first LNG tractors and will
fuel at Clean Energy’s Latta, SC station along the I-95
corridor.
• Lancaster Foods deployed their first two LNG trucks in
Maryland, where they will fuel at Clean Energy’s network of
stations in the Mid-Atlantic area.
• 99 Cent Stores added 13 LNG trucks to their Southern
California fleet.
• California Cartage Company signed an agreement with Clean
Energy to construct a fueling station for yard hostlers at its
container site in Los Angeles.
• Red Bull has recently deployed two new LNG trucks in CA.
• Land O’Lakes added eight LNG trucks to its CA fleet.
• Cintas has deployed four LNG trucks in CA.
Stations on Clean Energy’s “America’s Natural Gas Highway®”
Completed November 2012 – January 2013
• Gretna, NE Flying J
• West Memphis, AR Flying J
• Wells, NV Flying J
• Lafayette, LA Clean Energy
• Midland, TX Flying J
• Pontoon Beach, IL Flying J
• Roland, OK Pilot Station
• Perrysburg, OH Flying J
• Lake Station, IN Flying J
• Indianapolis, IN Flying J
• Shreveport, LA Flying J
• Cheyenne, WY Flying J
• Lake Havasu, AZ Pilot
• Jacksonville, FL Pilot
• Matthews, MO Flying J
• Mesquite, TX Clean Energy
• Oak Creek, WI Pilot
• Altoona, IA Pilot
• Fort Worth TX South Clean Energy
• Albuquerque, NM Flying J
• Coachella, CA Clean Energy
• North Platte, NE Flying J
New Fueling Station Agreements Signed with Regional
PartnersAs Clean Energy continues to build out its America’s
Natural Gas Highway, we have signed agreements with regional
partners that provide a network of locations for additional natural
gas fueling stations. We will work with the below partners to
identify strategic locations for new Clean Energy stations.
• Road Ranger, a leading truck stop, gas station and convenience
store chain in the Midwest
• Suhaan Group, a Houston-based regional operator of truck
fueling stations
• Petroleum Wholesale, a Southwest operator of truck stations
and gasoline stations
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