Clean Energy to Build, Operate CNG Fueling Station for New Solid Waste Fleet in Seattle, Washington
SEAL BEACH, Calif., Sep 15, 2008 (BUSINESS WIRE) -- CleanScapes, Inc., a newly-designated City of Seattle, WA solid waste contractor, has awarded Clean Energy Fuels Corp. (Nasdaq:CLNE) a contract for up to 10 years to build and operate a compressed natural gas (CNG) station and provide fuel for CleanScapes' 40 new CNG-powered refuse trucks. Clean Energy's fuel contract with CleanScapes includes a preferential fuel pricing provision. The new CleanScapes time-fill CNG fuel station, to be designed, built and operated by Clean Energy, will be located south of Seattle's downtown area. Starting in April 2009, CleanScapes will deploy the CNG fleet to provide waste collection services to more than 64,000 residential and business customers in the Central and Northeast sections of Seattle.
Chris Martin, CleanScapes' President, said, "Seattle has been a national leader in greenhouse gas emissions reduction. Our Mayor, Greg Nickels, has led the effort to have cities agree to abide by the Kyoto Protocol. During the bidding process we felt it could be to our advantage to propose a CNG fleet. After careful analysis we determined that a CNG fleet would bring significant environmental and economic benefits."
"The CNG trucks will be used mainly for residential collection and will provide a very welcome reduction of emissions and noise levels in some of the most populated areas of Seattle," Martin added.
James Harger, Senior Vice President, Clean Energy, said, "We congratulate the CleanScapes team on its successful bid to provide municipal solid waste services in Seattle, and we are proud to work with them to support one of the first CNG-powered trash truck fleets in Washington State." Harger added that CNG trucks are quieter running and will substantially reduce polluting emissions as compared to the diesel trucks they will replace. In addition, Harger noted, the switch from diesel to CNG fuel will result in major fuel cost savings.
Clean Energy is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at over 170 strategic locations across the United States and Canada. Clean Energy del Peru, Clean Energy's Peruvian joint venture, operates the world's largest natural gas vehicle fueling station in Lima, Peru. Please visit www.cleanenergyfuels.com.
CleanScapes, founded in 1997 in Seattle, Washington, focuses on enhancing the commercial and residential viability of urban areas by providing a range of innovative, efficient, and environmentally sensitive solid waste collection, recycling and street maintenance services. CleanScapes currently serves a range of municipal, residential, and commercial customers in Seattle WA, San Francisco CA and Portland OR. Please visit www.cleanscapes.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. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements, including the anticipated time frame for station completion and CNG truck deployment. 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.
SOURCE: Clean Energy Fuels Corp.
News Media Christine Thomas, 310-559-4955 x103 cthomas@cleanenergyfuels.com or Investors Ina McGuinness, 310-954-1100
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