Newest Clean Energy LNG Fueling Station on Its America's Natural Gas
Highway Fuels UPS Trucks and Links Los Angeles-Salt Lake City LNG
Truck Fueling Corridor
SEAL BEACH, Calif.--(BUSINESS WIRE)--
President Barack Obama spoke yesterday at the UPS Depot in Las Vegas,
Nevada promoting natural gas-fueled trucking as part of his "Blueprint
for an economy that's built to last," unveiled at his January 24 "State
of the Union" address to Congress, according to Clean Energy Fuels Corp.
(Nasdaq: CLNE), the leading provider of natural gas fuel for
transportation in North America.
Speaking before Clean Energy LNG fueling tankers at UPS Las Vegas Depot, President Barack Obama lauded the importance of natural gas vehicle fueling for interstate trucking along America's Natural Gas Highway. (Photo: Business Wire)
In his remarks, President Obama proposed several federal initiatives
favoring the use of natural gas for transportation, including getting
more natural gas vehicles on the road using federal fleets and helping
local governments upgrade their fleets, offering new tax incentives to
help companies buy more clean trucks, working with the private sector to
help develop natural gas fueling stations between cities for more
natural gas corridors along our highways, and launching a competition to
encourage new breakthroughs for natural gas vehicles.
Andrew J. Littlefair, Clean Energy President and CEO, said, "We applaud
President Obama for bringing this vital proposal to ‘make the most of
America's energy resources' to the forefront and promoting ‘safe,
responsible development of the near 100-year supply of natural gas' in
Littlefair noted that President Obama's support of interstate natural
gas-fueled trucking corridors mirrored Clean Energy's commitment in 2011
to build the backbone network of 150 LNG fueling stations for its America's
Natural Gas Highway providing LNG truck fueling coast-to-coast and
border-to-border in the United States.
The newest Clean Energy fueling station on the Highway is located
in Las Vegas nearby the UPS Depot and provides the link for trucking
between Los Angeles and Salt Lake City, a vital goods movement corridor
in the Southwest.
Clean Energy owns the land and built the station with the combination of
its own capital supplemented by funding from the federal government's
ARRA (American Recovery and Reinvestment Act of 2009) program delivered
through the South Coast Air Quality Management District (SCAQMD). The
government program also provided funds to assist UPS in purchasing its
new fleet of 48 natural gas-fueled trucks based at the Las Vegas Depot.
Clean Energy signed a long-term contract with UPS in 2011 to fuel this
Currently priced up to $1.50 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, 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.
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
Today Clean Energy fuels over 25,000 vehicles at 273 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. 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 potential federal legislation, the number and location
of stations to be included in the natural gas highway system, the timing
for the completion of construction of these stations, the availability
and deployment of, as well as the demand for, heavy duty natural gas
truck engines, and the potential for a natural gas highway system.
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 delays in or failure to pass any federal
legislation, permitting or other delays encountered during the
identification of locations for, and the construction of, natural gas
fueling stations, including those stations planned for the natural gas
highway, the performance, availability and price of natural gas vehicles
relative to gasoline and diesel vehicles and the price per gallon of
natural gas relative to diesel and gasoline. 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.
(For a map showing America's Natural Gas Highway and list of
first 98 LNG fueling station locations, use this link: http://www.cleanenergyfuels.com/pdf/CE-OS.ANGH.012412.pdf
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50147873&lang=en
Clean Energy Fuels Corp.
Source: Clean Energy Fuels Corp.
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