SEAL BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq:CLNE) has partnered with Quarles
Petroleum, Inc., a major Mid-Atlantic fleet fuel station operator, to
add natural gas fueling services at selected Quarles station locations.
Quarles operates approximately 125 fueling stations that are available
24/7 to serve its commercial vehicle fleet customers in strategic urban
areas of Virginia, Maryland, Delaware, Pennsylvania, West Virginia, and
North Carolina. Quarles' customers have exclusive access to the stations
by using company-issued charge cards for fuel purchases. Initially,
Clean Energy expects to add natural gas fueling capability at several
existing Quarles stations in the Richmond, Virginia and the Washington
Dulles International Airport areas.
Ben Wafle, President, Quarles Petroleum, said, "Many of our customers
are interested in natural gas-powered vehicles for their fleets. In
response, we have partnered with Clean Energy, the nation's leading
supplier of natural gas fuel for transportation, to meet our customer
needs for natural gas fuel."
Greg Roche, Vice President, National Accounts & Infrastructure, Clean
Energy, said, "We welcome the opportunity to partner with Quarles and
congratulate it on the decision to provide this added service to
customers. With the expanding availability of light, medium and
heavy-duty natural gas vehicles, fleet operators across the nation are
transitioning to natural gas power. Among their goals are reducing
costs, adding fuel diversity to their fleets, curtailing harmful
emissions, and helping reduce America's dependence on imported oil."
Currently priced up to $1.50 or more per gallon lower than diesel or
gasoline (depending upon local markets), the use of natural gas fuel
reduces costs significantly for vehicle and fleet owners, and reduces
greenhouse gas emissions up to 30% in light-duty vehicles and 23% in
medium to heavy-duty vehicles. Additionally, natural gas is a secure
North American energy source with 98% of the natural gas consumed
produced in the U.S. and Canada.
About Quarles Petroleum
What began as a one-truck, family oil business in 1940, is today a
third-generation, family owned and operated corporation that employees
250 people across seven states. Quarles Petroleum Incorporated is made
up of several business lines that serve commercial and residential
customers, providing affordable products with extraordinary service.
For Business:
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• Mid-Atlantic fuel distributor
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• Propane and oil heat provider
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• Fleet fuel site operator
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• Commercial and service station fuel supplier
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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 25,200 vehicles at 257 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. We are building "America's Natural Gas Highway," a network
comprised initially of more than 100 LNG truck fueling stations
connecting major freight trucking corridors across the country. Clean
Energy del Peru, a joint venture, fuels vehicles and provides CNG to
commercial customers in Peru. We own (70%) and operate a landfill gas
facility in Dallas, Texas, that produces renewable natural gas, or
biomethane, for delivery in the nation's gas pipeline network, and we
plan to build a second facility in Michigan. We own and operate 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, 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 1,200 installations in 24
countries. 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 location and number of stations to be built for
natural gas fueling use and future growth and sales opportunities.
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, changes in the prices of
natural gas relative to gasoline and diesel, the acceptance of natural
gas as a vehicle fuel, our ability to secure sufficient capital to
finance our construction activities, construction and permitting delays
at station construction projects and the development of competing
technologies that are perceived to be cleaner and more cost effective
than natural gas. 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 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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