SEAL BEACH, Calif.--(BUSINESS WIRE)--
The Atlantic City Jitney Association (ACJA), providers of shuttle
service to local residents and millions of visitors since 1915, has
contracted with Clean Energy Fuels Corp. (Nasdaq: CLNE) to build and
operate a new fast-fill compressed natural gas (CNG) fueling station in
Egg Harbor Township, Atlantic County, New Jersey.
The CNG fueling facility will support ACJA's deployment of its new fleet
of 190 clean-running, 13-passenger shuttle buses.
Also available 24/7 for public access, the station is projected to open
in the second half of 2011. The U.S. Department of Energy, under the
American Recovery and Reinvestment Act of 2009 federal stimulus program,
awarded ACJA a $5.5 million grant to cover the incremental cost of
acquiring the new CNG vehicles.
ACJA President Tom Woodruff said, "Ours is the longest running
non-subsidized transit company in America and we are committed to
switching our entire fleet to 100% natural gas power." He added, "Like
any transportation company, our biggest expenditures are for vehicle
fuel, maintenance and replacement. CNG fuel prices are consistently
lower than gasoline or diesel, and CNG extends vehicle life because it
causes less engine wear and tear. Add the fact that clean-burning CNG is
better for the environment, and the choice was obvious."
James Harger, Clean Energy's Chief Marketing Officer, commented, "Every
day across America, Clean Energy is partnering with public transit
providers to fuel over 5,000 natural gas buses, as well as, helping them
implement and expand their cost-effective, clean-fuel programs. We are
delighted to have the opportunity to support the Atlantic City Jitney
Association as they implement this important, exemplary fleet transition
effort."
Costing less per gallon than diesel or gasoline, natural gas fuel
produces up to 30% lower greenhouse gas emissions in light-duty vehicles
and 23% lower emissions in medium to heavy-duty vehicle applications.
About Clean Energy Fuels — 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 market. It has
operations in CNG and LNG vehicle fueling, construction and operation of
CNG and LNG fueling stations, biomethane production, vehicle conversion
and compressor technology.
Clean Energy fuels over 19,900 vehicles at 211 strategic locations
across the United States and Canada with a broad customer base in the
refuse, transit, trucking, shuttle, taxi, airport and municipal fleet
markets. It owns (70%) and operates a landfill gas facility in Dallas,
Texas, that produces renewable methane gas, or biomethane, for delivery
in the nation's gas pipeline network. It owns and operates LNG
production plants in Willis, Texas and Boron, Calif. with combined
capacity of 260,000 LNG gallons per day and that are designed to expand
to 340,000 LNG gallons per day as demand increases. Northstar, a wholly
owned subsidiary, is the recognized leader in LNG/LCNG (liquefied to
compressed natural gas) fueling system technologies and station
construction and operations. BAF Technologies, Inc., a wholly owned
subsidiary, is a leading provider of natural gas vehicle systems and
conversions for taxis, limousines, vans, pick-up trucks and shuttle
buses. IMW Industries, Ltd., a wholly owned subsidiary based in Canada,
is a leading supplier of compressed natural gas equipment for vehicle
fueling and industrial applications with more than 1,000 installations
in 24 countries. 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 anticipated completion date of the ACJA CNG fueling
station, fuel consumption at the station, the procurement and deployment
of CNG vehicles by ACJA and the cost per gallon of CNG. Actual results
and the timing of events could differ materially from those anticipated
in these forward-looking statements as a result of unanticipated delays
in the construction of the ACJA CNG fueling station, the availability,
performance and use of CNG vehicles by ACJA or other potential customers
in the area and a fluctuation in the price per gallon of CNG, diesel or
gasoline. The forward-looking statements made herein speak only as of
the date of this press release and the company undertakes no obligation
to publicly update such forward-looking statements to reflect subsequent
events or circumstances.
For Clean Energy Fuels Corp.
News Media
Bruce
Russell, 310/559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Ina
McGuinness, 805/427-1372
ina@mcguinnessir.com
Source: Clean Energy Fuels Corp.
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