Clean Energy Acquires Willis, Texas LNG plant
Seal Beach, California (December 7, 2005) - Clean Energy, North America's leader in clean transportation, has acquired the Willis LNG Plant in Willis, Texas, from Applied LNG Technologies USA LLC in a transaction valued at more than $14 million. The plant is located approximately 60 miles north of Houston, Texas.
The Willis Plant, which can produce up to 100,000 gallons of vehicle-grade LNG per day, includes truck loading facilities and a one-million-gallon storage tank. Clean Energy also acquired five tanker-trailers for delivering LNG.
The LNG plant receives natural gas from the pipeline, chills it to liquefied form and stores it at low pressure for delivery to a growing public- and private-sector customer base. Among Clean Energy's customers are Dallas Area Rapid Transit (DART) and Sun Metro (El Paso), and the Houston operations for Sysco Food and HEB. Other LNG customers include The City of Phoenix (AZ), Adams Lake Lumber (British Columbia), and Norcal Waste Systems (San Francisco CA). LNG is 600 times denser than natural gas, making it easily transportable and highly efficient as a fuel for heavy-duty, long-distance fleets, such as those serving major ports around the country.
"Adding this facility to our resource mix for LNG fueling services increases the available supply for our customers and provides important flexibility and backup," said Andrew J. Littlefair, Clean Energy president and CEO. "Clean Energy is a critical link in the energy supply chain for many fleets around the country and we intend to maintain our excellent record in keeping those fleets fueled."
Clean Energy is the largest provider of vehicular natural gas (CNG and LNG) and related services in North America. It has a broad customer base in the refuse, transit, shuttle, taxi, police, intrastate and interstate trucking, airport and municipal fleet markets with tens of thousands of vehicles fueling at more than 165 strategic locations in the United States and Canada. The company operates a fleet of 33 LNG tankers carrying fuel interstate to more than 30 vehicle fleet and industrial customers. Clean Energy is a private company whose major shareholders include Boone Pickens, Westport Innovations Inc. (TSE: WPT) and Perseus 2000 LLC.
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