Clean Energy to Open Two America’s Natural Gas Highway Stations to Fuel New Raven Transportation LNG Heavy Duty Trucks
October 10 2013 - 6:01AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced a
multi-year natural gas fueling agreement to support 36 new natural
gas trucks deployed by Raven Transport Inc. Clean Energy plans to
support this effort by opening two of its America’s Natural Gas
Highway stations in Jacksonville, Fla., and Franklin, Ohio.
“Raven is a great example of how heavy duty natural gas truck
deployment is progressing and we congratulate them for their
leadership,” said James Harger, chief marketing officer at Clean
Energy. “Raven’s decision to transition to LNG will enable them and
their customers to realize the cost and sustainability benefits of
natural gas fuel.”
Raven’s 36 new heavy-duty LNG tractors will haul goods for a
major U.S. consumer goods company on routes through Georgia and the
upper Midwest. The new trucks are forecasted to consume
approximately 1 million diesel-gallon-equivalents of LNG per year,
which is anticipated to reduce greenhouse gas emissions by nearly
2,000 metric tons per year, or the equivalent of removing 350
passenger cars from the road each year.
“Raven’s success is built on our willingness to tailor logistics
to the needs of our customers,” said Stephen Silverman, chief
operating officer at Raven Transport. “Environmental stewardship
and cost-effective logistics are central to the operating
principles of our customers, which is why our investment in a
heavy-duty natural gas fleet makes sense.”
Raven’s tractors are powered by the new Cummins Westport
12-liter natural gas engine, the powertrain that is reshaping the
heavy-duty natural gas trucking industry.
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 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 Raven, and the benefits of natural gas
relative to diesel fuel, and the opening of America’s Natural Gas
Highway stations. 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 diesel trucks and delays encountered during
the construction of natural gas fueling stations. 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.
Clean Energy Fuels Media Contact:Patric Rayburn,
949-437-1411Public Relations
Managerpatric.rayburn@cleanenergyfuels.comorClean Energy
Investor Contact:Tony Kritzer, 949-437-1403Director, Investor
Relationstkritzer@cleanenergyfuels.com
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