Clean Energy Fuels to Build, Own and Operate Natural Gas Truck Fueling Facilities Nationwide in Partnership with Pilot Flying J
SEAL BEACH, Calif., Oct 05, 2010 (BUSINESS WIRE) -- To support the growing demand for natural gas-fueled trucking in the United States, Clean Energy Fuels Corp. (Nasdaq:CLNE) has signed an agreement with Pilot Travel Centers LLC (Pilot) to build, own and operate public access, compressed and liquefied natural gas (CNG/LNG) fueling facilities at agreed-upon Pilot Flying J truck travel centers nationwide.
Pilot Flying J operates over 550 truck travel centers in 43 states and six Canadian provinces. It is the largest truck-fueling operator in the country.
"Pilot Flying J is the clear leader in the truck stop and travel center industry. They have the best team and the best stations, and we are eager to begin our partnership with them. This is the critical link for Clean Energy to be able to roll out natural gas truck fueling services across the nation," said Andrew J. Littlefair, Clean Energy President and CEO.
"With the availability of new, class-8, 2010 EPA-compliant natural gas trucks from several major manufacturers," noted Mr. Littlefair, "major regional and national trucking operators are considering the move to natural gas for their fleets to add fuel diversity, lower emissions and reduce dependence on imported oil. Partnering with Pilot Flying J will not only allow us to help meet the demand from these fleets, but will also enable us to begin creating a nationwide goods movement corridor for natural gas trucks."
Pilot Flying J is headquartered in Knoxville, Tennessee, and has more than 550 locations in North America. The company employs more than 20,000 people and is the largest retail operator of travel centers in North America. Please visit http://www.pilotflyingj.com.
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 18,300 vehicles daily, including more than 5,000 transit buses, at 200 strategic locations across the United States with a broad customer base in the refuse, transit, trucking, shuttle, taxi, airport and municipal fleet markets. It owns 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 (designed to expand to 340,000 LNG gallons per day as demand increases) and 60 cryogenic trailers for delivery. 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 over 20 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 growth of natural gas trucking fleets and demand for LNG fuel, the potential for a nationwide LNG truck fueling corridor and any future LNG fuel sales at Clean Energy facilities located at Pilot Flying J Travel Centers. 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 construction and permitting delays, CNG/LNG truck availability and performance, the rate of CNG/LNG truck procurement by trucking fleets and the actual demand for CNG/LNG fuel at any CNG/LNG fueling facilities built and owned by Clean Energy. 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.
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Bruce Russell, 310-559-4955 x101
brussell@cleanenergyfuels.com
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Ina McGuinness, 805-427-1372
ina@mcguinnessir.com
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