Clean Energy to Provide Natural Gas Fueling Services to SuperShuttle Shared-Ride Vans Operating at Major U.S. Metropolitan Airports
SEAL BEACH, Calif., Apr 30, 2010 (BUSINESS WIRE) -- Clean Energy Fuels Corp. (Nasdaq:CLNE) has contracted with SuperShuttle International, a leading shared-ride ground transportation operator, to provide compressed natural gas (CNG) fueling services to SuperShuttle vans operating at major US airports nationwide.
Under the terms of the new five-year fuel agreement, SuperShuttle vans will fuel up at existing and future public access Clean Energy CNG stations strategically located at airports including Dallas/Fort Worth, Denver, New York City, Phoenix and, in California, Los Angeles, Burbank, Ontario, Orange County, San Francisco and San Diego. As part of the initial deployment, SuperShuttle ordered 40 new CNG vans for San Francisco International Airport through BAF, Clean Energy's subsidiary. The new fleet will fuel at Clean Energy's SFO station and its growing Bay Area network.
"Aware of the impact of harmful vehicle emissions on air and environmental quality, anxious to reign in fuel costs, and concerned about reducing foreign oil imports, allied airport service providers like SuperShuttle are actively transitioning their fleets to natural gas fuel," said James Harger, Chief Marketing Officer, Clean Energy.
"SuperShuttle first deployed natural gas shared-ride ground transportation vans in the mid-1990s, setting a powerful example for America's fleet operators to follow. The company deserves special commendation for its leadership in the growing national movement to switch vehicle fleets to clean-burning, domestic, cost-efficient natural gas power," Harger said.
Costing less than diesel or gasoline, natural gas fuel produces up to 30% less greenhouse gas emissions in light-duty vehicles, and up to 23%-percent lower greenhouse gas emissions in medium to heavy-duty applications. Department of Energy reports estimate that 98% of the natural gas consumed in the U.S. is sourced in the U.S. and Canada.
SuperShuttle International is a top-tier national provider of shared-ride airport shuttle service, providing door-to-door ground transportation service to more than eight million passengers per year. SuperShuttle's van fleets currently operate at 33 U.S. airports and their surrounding communities. SuperShuttle is owned by Veolia Transportation, one of the world's largest international companies and one of Clean Energy's largest customers in the transit bus segment.
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 17,800 vehicles at 196 strategic locations across the United States and Canada. Clean Energy owns and operates two LNG production plants, one in Willis, TX and one in Boron, CA, with combined capacity of 260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per day as demand increases. It also owns and operates a landfill gas facility in Dallas, TX that produces renewable methane gas, or biomethane, for delivery in the nation's gas pipeline network. Clean Energy also owns BAF Technologies, Inc. of Dallas, TX, a leading provider of natural gas vehicle systems and conversions for taxis, limousines, vans, pick-up trucks and shuttle buses. 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, including statements about Super Shuttle fuel demand at Clean Energy owned or operated public access CNG fuel stations. 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 the availability and performance of CNG vehicles, the availability and performance of Clean Energy CNG fuel stations and the demand for Super Shuttle's shared ride services. 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
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Ina McGuinness, 310/954-1100
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