City of Burbank Extends CNG Fuel Partnership with Clean Energy to 2022
SEAL BEACH, Calif., Nov 11, 2008 (BUSINESS WIRE) -- Under a modified and extended operating agreement, the City of Burbank, California has opted to expand its compressed natural gas (CNG) fueling partnership with Clean Energy Fuels Corp. (Nasdaq:CLNE), and extend it through 2022. As part of the modification, Clean Energy will design, build and operate a new state-of-the-art CNG time-fill station at the City's Public Works Yard to support a growing fleet of CNG-powered refuse trucks.
"We are pleased to continue and extend our successful CNG fuel relationship with the City of Burbank, where we have provided reliable, cost-effective, environmentally-friendly fueling services for the last six years," said James Harger, Clean Energy Senior Vice President. Clean Energy built Burbank's first public access CNG station in 2002, and has offered operating and retail fueling services onsite since its opening.
"We look forward to the deployment of even more CNG-powered fleet and service vehicles in the City of Burbank, including more CNG refuse trucks," Harger said. "This effort will significantly support the City's efforts to meet its sustainability goals and reduce its carbon footprint, while enhancing both the health and environmental benefits of all its citizens."
Clean Energy (Nasdaq:CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at over 170 strategic locations across the United States and Canada. Clean Energy del Peru, Clean Energy's Peruvian joint venture, operates the world's largest natural gas vehicle fueling station in Lima, Peru. Please 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. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements, including statements made about the growth of CNG fleets that fuel at the Burbank station and CNG fuel consumption at the Burbank station. 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.
SOURCE: Clean Energy Fuels Corp.
Clean Energy Fuels Corp. News Media: Christine Thomas, 310-559-4955 x103 cthomas@cleanenergyfuels.com Investors: Ina McGuinness, 310-954-1100
Copyright Business Wire 2008
News Provided by COMTEX