Clean Energy Opens Interstate 10 Highway Between Los Angeles and Houston to LNG Fueling; Signs Multiple Fueling and Construction Agreements
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp. (NASDAQ: CLNE) today announced its El Paso, Texas, America’s Natural Gas Highway station has opened. This enables heavy-duty LNG truck fueling along the transcontinental Interstate 10 highway between Los Angeles, Calif., and Houston, Texas. Additional natural gas stations have opened or are under construction to support Clean Energy’s growing portfolio of natural gas fuel customers in the heavy-duty trucking, refuse and ready-mix market segments.
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Trucking |
Clean Energy Opens I-10 corridor from Los Angeles, Calif., to Houston, Texas, to Heavy-duty LNG Truck Fueling by Opening its El Paso, Texas, Station |
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• Under a previously-announced fueling agreement, trucking company EJ Madison hauling for Cardinal Health will fuel at the newly-opened LNG station. |
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Chavez Trucking Signs Multi-year Fueling Agreement with Clean Energy to Open West Sacramento, Calif., LNG Station |
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• Chavez Trucking is scheduled to deploy 15 heavy-duty LNG trucks to haul bulk aggregate materials such as road-building and construction materials. |
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• Once fully-deployed this fleet is forecasted to consume approximately 210,000 DGEs of LNG annually. This would reduce greenhouse gas emissions by approximately 363 metric tons annually. |
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• Clean Energy will support this fleet by opening its public-access LNG station in West Sacramento, Calif. |
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| “For the last 25 years Chavez Trucking has been committed to delivering the best service to our customers. Introducing LNG tractors into our fleet will allow us to continue this tradition of service by using a cleaner and more economic fuel which meets our fleet’s demanding weight and range requirements,” said Adam Chavez, general manager of Chavez Trucking. | ||||
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Refuse |
All American Waste in New Haven, Conn., Expands CNG Operations with Second Natural Gas Fueling Facility to be Built and Operated by Clean Energy |
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• The new facility will be located at 19 Wheeler St., New Haven, CT., and will have 40 time-fill fueling posts to fuel natural gas refuse trucks. Two public-access fast-fill dispensers with four fueling hoses will also be available. The facility is scheduled to be operational by the fourth-quarter of 2014. |
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• All American Waste has six CNG refuse trucks that will fuel at the time-fill facility initially; additional natural gas vehicles will be added to All American Waste’s existing fleet of 40 CNG refuse vehicles as they transition away from diesel-fueled trucks. All American Waste and its other affiliates operate throughout Connecticut and are evaluating additional CNG sites with Clean Energy. |
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“Just over one year ago we launched an initiative to operate cleaner and quieter refuse trucks fueled at our first CNG facility with Clean Energy. We are eager to expand this environmentally-friendly initiative with a second station to extend these benefits further,” said Frank M. Antonacci of All American Waste. |
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Ready-Mix |
Delaware Valley Concrete Contracts with Clean Energy to Fuel the First CNG Ready-mix Concrete Trucks in Pennsylvania |
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• Delaware Valley Concrete has taken delivery of the first of 5 CNG ready-mix trucks in the company’s initial step to convert its entire fleet of 88 trucks to natural gas. This fleet will fuel at Clean Energy’s growing public-access natural gas station network in Pennsylvania. |
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• Once fully-deployed, the fleet is forecasted to consume approximately 700,000 DGEs of CNG per year which is expected to reduce greenhouse gases by 1,622 metric tons annually. This is approximately the equivalent of removing 335 passenger cars from the road each year. |
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“We are proud to be the first company in Pennsylvania to fuel ready-mix trucks with natural gas. This innovative approach to using a domestic and cleaner-burning fuel is yet another way we continue to serve our community in an environmentally-sustainable way,” said Mario DiLiberto, president of Delaware Valley Concrete. |
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Natural 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 heavy-duty vehicles. In addition, nearly all natural gas consumed in North America is produced domestically.
The Road Ahead
An insider’s look at what this means for the Alternative Fuel Industry from Clean Energy’s President and CEO, Andrew J. Littlefair:
The I-10 from LA to Houston is another link in America’s goods-movement infrastructure now fueling with natural gas. One corridor at a time, our nationwide network is opening and changing how America moves. As testing and deployment of natural gas continues in trucking, customers like All American Waste are working with us to expand their natural gas station footprint and convert entire fleets to natural gas. Yesterday, long-time customer Waste Management celebrated the milestone of deploying over 3,000 natural gas refuse trucks. Waste Management’s natural gas story began with our team in Palm Desert, Calif., back in the 1990s and they continue to lead the refuse industry in natural gas vehicle deployment. This is taking place while new fleet applications such as CNG ready-mix concrete trucks are adding incremental fuel volume to our existing station network as seen in Pennsylvania. We’re pleased to see this diversification across market segments as natural gas finds more applications on America’s roads.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading 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; develop renewable natural gas (RNG) production facilities; and deliver more CNG, LNG and Redeem RNG fuel than any other company in the U.S. 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 without limitation statements about the number of trucks expected to be deployed and the amount of natural gas fuel expected to be consumed by Chavez, All American Waste and Delaware Valley Concrete, and the benefits of natural gas relative to gasoline and diesel. 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 without limitation the price of natural gas relative to gasoline and diesel, and the cost and operating experience associated with natural gas trucks. 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 release.
Clean Energy Media Contact:
Patric Rayburn, 949-437-1411
patric.rayburn@cleanenergyfuels.com
or
Clean
Energy Investor Contact:
Tony Kritzer, 949-437-1403
tkritzer@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
Released June 17, 2014