Clean Energy Releases Fourth Edition of ROAD TO NATURAL GAS
June 17 2013 - 6:01AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq:CLNE) today released Vol. IV of
ROAD TO NATURAL GAS, an update of its growing portfolio of
customers making the switch to natural gas as a transportation fuel
or expanding their current fleets. This edition includes new
agreements recently signed including Clean Energy’s first railroad
fuel deal with GE Transportation to provide liquefied natural gas
(LNG) for its new initiative to test LNG locomotives.
“Considerable strides have recently been made to propel America
further and faster down the road to natural gas. The recent
announcement by UPS to significantly expand their LNG fleet is a
noteworthy signal by an industry-leader that natural gas will play
a big role in the future of trucking. Clean Energy will support the
UPS expansion by opening multiple new stations on our America’s
Natural Gas Highway,” said Andrew J. Littlefair, Clean Energy’s
president and CEO. “The other notable development is the rail
industry’s acknowledgement that LNG will play a role in its future.
Clean Energy’s fuel deal with GE Transportation expands our
relationship with a company that is highly committed to the
development of a market for a cleaner-burning, domestic fuel.”
The fourth edition of ROAD TO NATURAL GAS (attached below)
contains a listing of natural gas fuel agreements signed since the
third edition was released on February 25, 2013. Key industry
developments are also noted, such as UPS’ recent announcement that
it will expand its LNG fleet with 700 additional tractors and build
four LNG stations by the end of 2014. America’s Natural Gas
Highway® stands ready to fuel this industry transition as momentum
continues to build in the long-haul trucking segment.
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.
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.
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.
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