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.
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
• Under a previously-announced fueling
agreement, trucking company EJ Madison hauling for Cardinal Health
will fuel at the newly-opened LNG station.
Chavez Trucking Signs Multi-year
Fueling Agreement with Clean Energy to Open West Sacramento,
Calif., LNG Station
• Chavez Trucking is scheduled to deploy
15 heavy-duty LNG trucks to haul bulk aggregate materials such as
road-building and construction materials.
• 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.
• Clean Energy will support this fleet by
opening its public-access LNG station in West Sacramento,
Calif.
“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.
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
• 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.
• 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.
“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.
Ready-Mix
Delaware Valley Concrete Contracts with
Clean Energy to Fuel the First CNG Ready-mix Concrete Trucks in
Pennsylvania
• 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.
• 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.
“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.
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,
949-437-1411patric.rayburn@cleanenergyfuels.comorClean Energy
Investor Contact:Tony Kritzer,
949-437-1403tkritzer@cleanenergyfuels.com
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Apr 2024 to May 2024
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From May 2023 to May 2024