SEAL BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq:CLNE) has signed an agreement with
leading national refuse company Waste Management to provide maintenance
and repair services for its compressed natural gas (CNG) fueling
stations throughout the United States.
Clean Energy also provides engineering and construction services, as
well as compression equipment through its subsidiary, IMW Industries, at
selected fueling stations.
Raymond P. Burke, Vice President, Clean Energy, said, "We are delighted
to have the opportunity to support Waste Management in its expanding
efforts to deploy CNG truck fleets that provide environmentally-friendly
refuse collection and recycling services to its commercial and
residential customer base. It is a clear leader in the industry
converting its fleets to natural gas."
Waste Management currently deploys about 1,000 natural gas-powered (CNG
and LNG) solid waste collection and recycling trucks throughout North
America, and has CNG and LNG fueling stations at 17 of its facilities
with more under development.
Natural gas fuel produces up to 23% percent lower greenhouse gas
emissions in medium to heavy-duty vehicle applications. U.S. Department
of Energy reports estimate that 98% of the natural gas consumed in the
U.S. is sourced in the U.S. and Canada.
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 23,300 vehicles at 248 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. Clean Energy del Peru, a joint venture, fuels vehicles and
provides CNG to commercial customers in Peru. We own (70%) and operate a
landfill gas facility in Dallas, Texas, that produces renewable natural
gas, or biomethane, for delivery in the nation's gas pipeline network,
and we plan to build a second facility in Michigan. We own and operate
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, 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 1,200 installations in 24
countries. 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. Actual results
and the timing of events could differ materially from those anticipated
in these forward-looking statements. 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.
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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