Clean Energy Opens Two America’s Natural Gas Highway Stations; Signs Multiple Fueling Agreements & Commences Sales of Redee...
April 01 2014 - 6:01AM
Business Wire
Clean Energy Fuels Corp. (NASDAQ: CLNE) today announced fueling
has begun at its Amarillo, Texas, and Oklahoma City, Okla.,
America’s Natural Gas Highway stations to serve UPS’ growing
heavy-duty LNG truck fleet. Additional truck fueling agreements
were also announced for fleets fueling across Clean Energy’s
nationwide network from Los Angeles, Calif., to Jacksonville, Fla.
Clean Energy and its customers were also awarded grant funds by the
state of Pennsylvania for LCNG infrastructure development and
heavy-duty natural gas vehicle conversions. Clean Energy also began
production and sales of its Redeem biomethane fuel at its Memphis,
Tenn., production facility.
Clean Energy Opens Oklahoma City, Okla., and Amarillo, Texas,
America’s Natural Gas Highway Stations to Support UPS’ Growing
Fleet of LNG Trucks
- UPS has deployed six heavy-duty LNG
trucks which are fueling at Clean Energy’s newly-opened Oklahoma
City, Okla., station; an additional four trucks are expected to
begin fueling at this station within weeks. These tractors are
forecasted to consume approximately 300,000 DGEs of LNG per year
which represents a greenhouse gas reduction of approximately 518
metric tons per year.
- Clean Energy’s Amarillo, Texas, station
has also opened and is fueling 10 LNG trucks under its
previously-announced bulk fueling agreement with UPS.
Carrier EJ Madison Deployed a Fleet of 20 Long Haul Dual-fuel
LNG Trucks on Routes Spanning the Breadth of Clean Energy’s
America’s Natural Gas Highway
- Fueling at Clean Energy’s Los Angeles,
Calif.; Phoenix, Ariz.; Houston, Texas; Dallas, Texas; San Antonio,
Texas; and Jacksonville, Fla., stations, this growing fleet
showcases the strength of Clean Energy’s nationwide network. The
fleet currently has traveled over five-hundred-thousand miles.
- EJ Madison intends to expand this fleet
with an additional 30 dual-fuel LNG/diesel trucks in the coming
months. El Paso, Texas-based Clean Fuel Technologies, LLC, is
handling all conversions.
- Once fully deployed, this fleet is
forecasted to consume approximately 336,000 DGEs of LNG per year,
the approximate greenhouse gas reduction of 581 metric tons per
year.
- Clean Energy LNG has dramatically
reduced EJ Madison’s fleet maintenance costs by reducing carbon
output and therefore reducing problems with diesel particulate
systems that currently plague the industry.
“The initial twenty LNG dual-fuel conversions have proven to be
a solid business move which is why we’re more than doubling the
size of this fleet to continue to provide superior service to our
customers at a competitive cost,” said John Warren, president of EJ
Madison. “I believe the future of long-haul trucking is here, it’s
cleaner and it’s promising.”
Dillon Transport Deploys Eight Additional CNG Trucks; Signs
Fueling Agreement with Clean Energy
- Long-time Clean Energy customer Dillon
Transport has deployed eight additional heavy-duty CNG trucks which
will fuel at Clean Energy’s Fair Oaks Dairy station in
Indiana.
- The fleet will be hauling raw materials
for Owens Corning and is forecasted to consume approximately
240,000 DGEs of CNG per year, the equivalent of reducing greenhouse
gas emissions by approximately 556 metric tons per year.
"Clean Energy has been a trusted fuel provider for years,” said
Jeff Dillon, president, Dillon Transport. “As our natural gas
fueling needs have expanded, Clean Energy has grown with us to
include station design, construction and maintenance, and continues
to fuel our growing fleet of heavy-duty natural gas trucks.”
Clean Energy Awarded $2.5 Million to Construct Two
Public-access LCNG Stations in Eastern Pennsylvania
- The Pennsylvania Department of
Community & Economic Development has awarded Clean Energy
approximately $2.5 Million to offset the cost of constructing two
LCNG stations to fuel light-, medium-, and heavy-duty vehicles with
CNG or LNG.
- The stations will be located in
Pittston Township, Pa., and Pottsville Township, Pa., to serve the
heavily-trafficked I-81 and I-476 highways. Both stations are
projected to open by the end of 2014.
- Additionally, 10 Clean Energy customers
were among the 25 companies awarded approximately $7.7 million in
Act 13 funds by the state of Pennsylvania for 129 heavy-duty
natural gas vehicle conversions.
“Constructing the Pittston and Pottsville LCNG stations is a
crucial step toward expanding the LNG and CNG market in
Pennsylvania, spurring economic development and enhancing the
Commonwealth’s energy independence and security,” James Harger,
chief marketing officer of Clean Energy, said. “We applaud Governor
Corbett, and the Pennsylvania Department of Community &
Economic Development for supporting private enterprise in the
development of a natural gas infrastructure.”
In addition to these agreements, Clean Energy has secured
contracts with three more companies to fuel 24 CNG trucks in
markets across the United States.
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. In addition, nearly all
natural gas consumed in North America is produced domestically.
Clean Energy Commenced Production and Sales of Redeem at its
Memphis Biomethane Plant
- The third Clean Energy-owned production
facility of Redeem biomethane fuel, the cleanest fuel commercially
available which can fuel everything from a taxi to a heavy-duty
truck, commenced operation and completed its first sale in March
2014. The facility is located at the Republic Services North Shelby
landfill outside of Memphis.
- The facility is forecasted to achieve
an annual production rate of approximately 3.7 million GGEs of
Redeem once fully operational. Redeem can be made available to
Clean Energy customers nationwide, is up to 90 percent cleaner than
gasoline and diesel and is 100 percent renewable.
“The success of our North Shelby project will enable more of
America’s fleets to fuel with the cleanest and cheapest alternative
fuel commercially-available today,” said Harrison Clay, president
of Clean Energy subsidiary Clean Energy Renewable Fuels. “We
believe this expanded capacity will enable our team to build on
last year’s successful delivery of 14 million GGEs of Redeem.”
A VIEW FROM THE TOP:
An insider’s look at what this means for the Alternative Fuel
Industry from Clean Energy’s President and CEO, Andrew J.
Littlefair:
Opening stations and adding incremental volume to existing
stations as shown by today’s announcements are top priorities for
our team. UPS continues to confirm its leadership in adopting
cleaner, alternative fuels. New entrants such as EJ Madison are
vital in the overall adoption of natural gas because of their
coast-to-coast routes and nationwide network. Clean Energy’s years
of experience and leadership position in established markets like
refuse and transit are positioning us extremely well to capitalize
on the young heavy-duty truck market. This is particularly true as
we add capacity to our biomethane fuel product, Redeem. Renewable
and cleaner than gasoline and diesel, Redeem is a critical
differentiator for Clean Energy and we’re excited to continue to
expand the availability of this fuel to our customers.
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; develop renewable
natural gas (RNG) production facilities; and deliver more CNG, LNG
and Redeem RNG fuel than any other company 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 without limitation
statements about the number of trucks expected to be deployed and
the amount of natural gas fuel expected to be consumed by each of
UPS, EJ Madison and Dillon Transport, respectively, the projected
completion date for the Pittston and Pottsville stations, the
benefits to Pennsylvania of the Pittston and Pottsville stations,
Redeem production by Clean Energy’s Memphis plant, and the benefits
of natural gas and Redeem relative to gasoline and diesel. 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 without limitation the price of natural
gas relative to gasoline and diesel, the cost and operating
experience associated with natural gas trucks, permitting and other
construction related delays, and operational and other difficulties
producing Redeem. 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 Media Contact:Patric Rayburn,
949-437-1411patric.rayburn@cleanenergyfuels.comorClean Energy
Investor Contact:Tony Kritzer,
949-437-1403tkritzer@cleanenergyfuels.com
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