— Clean Energy Will Build and Operate New Fueling Station as Key Link in
Southwest LNG Truck Fueling Corridor —
SEAL BEACH, Calif.--(BUSINESS WIRE)--
UPS, the world's largest package delivery company, has contracted with
Clean Energy Fuels Corp. (Nasdaq: CLNE) to fuel its new fleet of 48
liquefied natural gas (LNG) package transportation trucks at a new truck
fueling station near UPS facilities in Las Vegas, Nevada. The agreement
has a seven-year initial term with three one-year renewal options. Clean
Energy will design, build, own and operate the station, which is set for
opening in the first half of 2011.
"Investment in a fuel-efficient technology that helps reduce our carbon
footprint and reduce our dependence on petroleum remains a key component
of UPS's transport strategy," said Mike Britt, Director of Vehicle
Engineering at UPS. "For our heavy-duty vehicles, LNG has proved
successful in reducing emissions, keeping our maintenance and operating
costs low, and significantly reducing our dependence on petroleum for
these shipping lanes."
The public access LNG fueling station will support the deployment of a
new regional UPS fleet of 48 LNG delivery trucks used to transport
packages between UPS facilities in Las Vegas and Ontario, Calif., as
well as to other regional destinations. LNG fuel requirements are
expected to exceed 1.2 million gallons annually for the UPS 48-truck
fleet, which will be deployed during the first half of 2011. The station
will also become a key link in the Southwest LNG truck fueling corridor
being developed by Clean Energy.
James Harger, Chief Marketing Officer, Clean Energy, said, "We are
delighted to have this opportunity to extend our relationship with UPS
to support its efforts to curb harmful air pollution and global warming
emissions. The new Las Vegas LNG truck fleet is part of continuing
efforts by UPS to reduce its emissions from the use of fuels like
gasoline and diesel, and to lower its carbon footprint."
Harger added, "This UPS station project is a major step toward realizing
our goal to create a Southwest LNG truck fueling corridor that will
extend along major truck transport routes from San Diego to Salt Lake
City." The development of the Clean Energy LNG station infrastructure is
in direct response to the increasing demand for natural gas fuel as
major trucking companies secure and deploy LNG-powered trucks throughout
the region.
To supply its Southwest regional LNG fuel customers, Clean Energy
operates the largest LNG production plant in the Southwest, located in
Boron, Calif. The facility includes a 1.8-million-gallon LNG storage
tank as an important supply resource.
About Clean Energy Fuels — 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 19,900 vehicles at 211 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. It owns (70%) and operates a landfill gas facility in Dallas,
Texas, that produces renewable methane gas, or biomethane, for delivery
in the nation's gas pipeline network. It owns and operates 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, limousines, 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 1,000 installations
in 24 countries. 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 UPS's annual fuel consumption and the potential for a
Southwest LNG truck fueling corridor. 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
demand for UPS's services in the Southwest region, permitting or other
delays encountered during the construction of the station, LNG truck
availability and performance, the rate of LNG truck procurement by
trucking fleets and the actual demand for LNG fuel at any LNG fueling
facilities built and owned by Clean Energy. 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.
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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