NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Energy Fuels Corp. (Nasdaq: CLNE)
today announced a multi-year natural gas fueling agreement to support 36
gas trucks deployed by Raven
Transport Inc. Clean Energy plans to support this effort by opening
two of its America's
Natural Gas Highway stations in Jacksonville, Fla., and Franklin,
"Raven is a great example of how heavy duty natural gas truck deployment
is progressing and we congratulate them for their leadership," said
James Harger, chief marketing officer at Clean Energy. "Raven's decision
to transition to LNG will enable them and their customers to realize the
cost and sustainability benefits of natural gas fuel."
Raven's 36 new heavy-duty LNG tractors will haul goods for a major U.S.
consumer goods company on routes through Georgia and the upper Midwest.
The new trucks are forecasted to consume approximately 1 million
diesel-gallon-equivalents of LNG per year, which is anticipated to
reduce greenhouse gas emissions by nearly 2,000 metric tons per year, or
the equivalent of removing 350 passenger cars from the road each year.
"Raven's success is built on our willingness to tailor logistics to the
needs of our customers," said Stephen Silverman, chief operating officer
at Raven Transport. "Environmental stewardship and cost-effective
logistics are central to the operating principles of our customers,
which is why our investment in a heavy-duty natural gas fleet makes
Raven's tractors are powered by the new Cummins
Westport 12-liter natural gas engine, the powertrain that is
reshaping the heavy-duty
natural gas trucking industry.
gas fuel costs up to $1.50 less per gallon than gasoline or diesel,
depending on local market conditions. The use of natural gas fuel not
only reduces operating costs for vehicles, but also reduces greenhouse
gas emissions up to 30% in light-duty vehicles and 23% in medium to
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE)
is the largest provider of natural gas fuel for transportation in North
America. We build and operate compressed natural gas (CNG) and liquefied
natural gas (LNG) fueling stations; manufacture CNG and LNG equipment
and technologies for ourselves and other companies and develop renewable
natural gas (RNG) production facilities. For more information, visit www.cleanenergyfuels.com.
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 deployment of natural gas
vehicles, the amount of natural gas fuel expected to be consumed by
Raven, and the benefits of natural gas relative to diesel fuel, and the
opening of America's Natural Gas Highway 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, but not limited to, the performance, availability and
benefits of natural gas trucks relative to diesel trucks and delays
encountered during the construction of natural gas fueling stations. 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
Clean Energy Fuels Media Contact:
Public Relations Manager
Energy Investor Contact:
Tony Kritzer, 949-437-1403
Source: Clean Energy Fuels Corp.
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