Clean Energy and Mansfield Partner to Provide Fully Integrated Natural Gas Fueling Solution
May 07 2013 - 6:01AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) and Mansfield Energy
Corp. today announced a strategic partnership to offer customers
the most comprehensive solution in the compressed natural gas (CNG)
fuel industry. Sales teams from both companies will offer Clean
Energy’s natural gas fueling station construction and operational
services to current and potential customers. These services will be
supported by Mansfield’s large-scale fuel supply capabilities and
Gas-2-Gallons fuel management system, creating a superior solution
for the growing number of fleets making the switch to cleaner,
cheaper natural gas.
“This agreement joins two leaders of fleet fueling into
strategic partners that will provide the highest level of service
and best value for customers in the rapidly growing natural gas
fuel market,” said Andrew J. Littlefair, president and CEO of Clean
Energy. “No other company offers fuel customers the benefit of
scale and expertise that Mansfield provides. Clean Energy has built
and operated more CNG stations and fueled more natural gas vehicles
than any company in the U.S. Together, we will be the best solution
in the marketplace.”
“We want our customers to have the best solution possible for
fueling with natural gas,” said Michael Mansfield, CEO of
Mansfield. “We bring scale in commodity supply, risk management,
and transaction processing. Clean Energy has scale in design,
engineering, and operations. Bringing these strengths together for
our customers provides the benefits of proven technology coupled
with large scale operating efficiencies to provide the best value
and simplest path to natural gas adoption in the market today.”
Mansfield Gas Equipment Systems has ongoing CNG service and
operations contracts with 43 locations as well as 20 new CNG sites
currently under development in the waste, transit, and municipal
fleet sectors. This portfolio will be combined with the 348 CNG and
liquefied natural gas (LNG) fueling stations Clean Energy currently
owns, operates, or supplies, further solidifying Clean Energy’s
position as the largest provider of natural gas infrastructure for
transportation in North America. Clean Energy’s total strategic
partnerships to-date represent over 11 billion gallons of gasoline
and diesel delivered annually. The company also will become the
Western distributor of Mansfield Gas Equipment Systems’ FuelMaker,
a small scale business and home re-fueling system.
Natural gas fuel costs up to $1.50 less per gallon than gasoline
or diesel, depending on local market conditions. The use of natural
gas fuel not only reduces operating costs for vehicles, but also
reduces greenhouse gas emissions up to 30% in light-duty vehicles
and 23% in medium to heavy-duty vehicles.
For more information, please refer to the attached fact sheet or
visit www.cleanenergyfuels.com.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest provider
of natural gas fuel for transportation in North America. We build
and operate compressed natural gas (CNG) and liquefied natural gas
(LNG) fueling stations; manufacture CNG and LNG equipment and
technologies for ourselves and other companies; convert taxis,
vans, pick-up trucks, and shuttle buses to natural gas; and develop
renewable natural gas (RNG) production facilities. For more
information, visit www.cleanenergyfuels.com.
About Mansfield Oil Company
Ranked as one of the Top 100 privately held companies in America
by Forbes magazine, Mansfield defines the next generation
transportation fuels company. Founded in 1957, the company has
achieved double-digit growth for three decades by focusing on
optimizing and controlling fuel-related costs for its customers
using innovation, technology, and high touch service. Mansfield’s
corporate headquarters is located in Gainesville, GA, with regional
operations centers located in Chicago, Detroit, Denver, Los
Angeles, Houston, and Calgary, and with renewable energy operations
in Bloomington, MN; Irvine, CA; and Sioux City, IA. For more
information, visit www.mansfieldoil.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 anticipated
benefits of the strategic partnership, the advantages of natural
gas relative to gasoline and diesel fuel, future sales of Clean
Energy’s and Mansfield’s products and services, 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, changes in the
price per gallon of natural gas fuel relative to diesel and
gasoline, lack of demand for Clean Energy’s and Mansfield’s
products and services, and changes in governmental regulations. 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 Clean
Energy 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.
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