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CLEAN ENERGY CORPORATE LOGO [http://r20.rs6.net/tn.jsp?e=0018_hbVySeYzUgusU8-KkfZmL5otVEtdpNRnRpFWPQNNy_tIael4t0bwlN-EhkArfnVGODCDpfRtLeKrqs9LjJTZ2K4I_8RCOX18BEKkFtLvAhHtVkexPTBUaDfwwwY7cB]
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News Release
Clean Energy Announces Completion of First Stage of Its Nationwide Network of
Natural Gas LNG Fueling Stations for Long-Haul, Heavy-Duty Freight Trucking
-- America's Natural Gas Highway� Will Support Goods Movement Along Major
Interstate Trucking Corridors Coast-to-Coast & Border-to-Border --
Seal Beach, Calif. (December 5, 2012) -- With the completion of its LNG truck fueling
station in Matthews, Missouri this month, Clean Energy Fuels Corp. (Nasdaq: CLNE)
concludes the first stage of America's Natural Gas Highway� (ANGH), a network of
liquefied natural gas (LNG) truck fueling stations to support long-haul, heavy-duty
goods movement along major interstate corridors throughout the United States.
Speaking at last week's American Trucking Associations Summit on Natural Gas in
Trucking, Andrew Littlefair, Clean Energy President and CEO, said, "We have created
America's Natural Gas Highway� to support the growing number of long-haul truckers
and shippers who are deploying factory-built, heavy-duty trucks powered by natural
gas fuel. LNG-fueled trucks can now travel the country and reap the benefits of
fuel cost savings, reduced dependence on foreign oil, and the lower emissions profile
that characterizes this abundant American resource."
By the end of 2012, Clean Energy will have completed 70 new LNG truck fuel stations
along highways that link major U.S. metropolitan areas. Many of these stations are
located at existing Pilot-Flying J truck stops. Pilot is the nation's largest truck-stop
operator with more than 550 retail properties in 47 states. In 2013, Clean Energy
plans to build 70 to 80 additional LNG fuel stations adjacent to long-haul trucking
routes and around major warehouse distribution centers in North America. Major highway
segments now completed include, among others, those linking the Southwest Corridor,
Los Angeles to Atlanta, The Texas Triangle, Atlanta to Chicago to Texas, and major
corridors in the Midwest and Northeast. (See below for the list of stations..)
Clean Energy noted that an iPhone app station locator will be available by the end
of the year to complement its web-based locator at http://www.cnglngstations.com
[http://r20.rs6.net/tn.jsp?e=0018_hbVySeYzUClyojV4sFwWnKIEiNgPuGaI2iX_rYHKoWFtSO1ZW2dUacUuUgWSOqcNEikp6IEpERbDzW5rmGVB0LeEhMuqxdurIQOUfHklIY5OhFADTJFw==]
The LNG fueling stations coincide with the arrival of new natural gas truck engines
well suited for heavy-duty, over-the-road trucking. At the ATA Summit, executives
from engine manufacturers and original equipment truck manufacturers such as Cummins-Westport,
Kenworth, Peterbilt, Navistar, Freightliner and Volvo presented their plans to rollout
a variety of Class-8 trucks and engine sizes allowing for varied road and driving
requirements. Jim Arthurs, President of Cummins Westport Inc., reiterated the scheduled
launch of the much-anticipated ISX 12 G natural gas engine to begin in Spring 2013
with full production and delivery by Fall 2013.
Presenting at the Natural Gas Summit were executives from all segments of the trucking
industry including the CEOs of the three largest truck stop chains, natural gas
producers ConocoPhillips and Exxon and representatives from some of the largest
shippers and truckers who are already benefiting from transitioning a portion of
their fleets to natural gas. Governor Bill Graves, President and CEO of the ATA,
called the trucking industry's transition to natural gas "historic" and compared
it to two other major milestones in the industry -- deregulation and the formation
of the ATA. ATA Chairman Michael Card, who is also president of Combined Transport
Inc., said "We are truly at the cusp of a potential revolutionary change in the
trucking industry" as it moves toward more use of natural gas as a transport fuel.
Clean Energy's ANGH stations are in addition to the ongoing CNG station building
planned for the company's traditional markets in transit, refuse, airport/taxi/shuttle
and local/regional trucking, which activity accounts for 60 station projects in
2012 and is expected to account for approximately the same number in 2013.
Currently priced up to $1.50 a gallon lower than gasoline or diesel depending on
local markets, the use of natural gas fuel reduces operating costs for vehicles
and reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in
medium to heavy-duty vehicles. The U.S. Department of Energy reports that 98% of
the natural gas consumed in the U.S. is sourced in the U.S. and Canada, making
natural gas a secure North American energy choice.
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 fueling
market. We have operations in compressed natural gas (CNG) and liquefied natural
gas (LNG) vehicle fueling and construction and operation of natural gas fueling
stations. Wholly-owned subsidiaries include IMW Industries, Ltd., which supplies
CNG equipment for vehicle fueling and industrial applications worldwide; NorthStar,
which supplies LNG and liquefied to compressed natural gas fueling system technologies
and equipment, station construction and operations; BAF Technologies, which provides
natural gas vehicle systems and conversions for taxis, vans, pick-up trucks and
shuttle buses; and Clean Energy Renewable Fuels (CERF), which develops renewable
natural gas (RNG), or biomethane, production facilities in the U.S. For more information,
visit www.cleanenergyfuels.com [http://r20.rs6.net/tn.jsp?e=0018_hbVySeYzXHEDV9iKsUMEHKAkxLJA7fN-7VTTJXHmxr397hiVpJBEbaN6uk4lsuWFZBtzEhchc9xDdZlPyVkHchbwx0EMeTltyx0uxD1KYMS-71_-pTg8NVanRpVOsN]
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 the availability of natural gas truck engines and the
deployment of natural gas vehicles, the amount of natural gas fuel expected to
be consumed by new and existing customers, the number and location of stations to
be included in America's Natural Gas Highway�, the timing for the completion of
construction of these stations, the benefits of natural gas relative to diesel fuel,
and expectations about the future adoption of natural gas as a vehicle fuel.. 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, but
not limited to, the performance, availability and benefits of natural gas trucks
relative to gasoline and diesel trucks, the number of natural gas trucks deployed
by our customers, permitting or other delays encountered during the identification
of locations for, and the construction of, natural gas fueling stations, including
those stations planned for America's Natural Gas Highway�, and the price per gallon
of natural gas fuel relative to diesel and gasoline. 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.
Contact:
News Media Investors
Bruce Russell, 310/559-4955 x101 Tony Kritzer,
562/936-7120brussell@cleanenergyfuels.com [mailto:brussell@cleanenergyfuels..com]
tkritzer@cleanenergyfuels.com [mailto:tkritzer@cleanenergyfuels.com]
America's Natural Gas Highway� 2012
Birmingham AL Flying J
Hope Hull (Tyson) AL Flying J
Mobile (Theodore) AL Pilot Travel Center
West Memphis AR Flying J
Lake Havasu City AZ Pilot Travel Center
Phoenix AZ Flying J
Winslow AZ Flying J
Carson CA Clean Energy
Coachella (Indio) CA Clean Energy
Commerce CA City of Commerce
Otay Mesa CA Flying J
Los Angeles CA Ports of LA & Long Beach
Riverside CA Riverside Cty Sanitation District
Temecula CA Down's Truckstop
Tulare CA Clean Energy
Whittier CA Los Angeles Cty Sanitation District
Jacksonville FL Lewis Petroleum
Midway (Quincy) FL Flying J
Atlanta (Conley) GA Clean Energy
Dalton GA Pilot Travel Center
Tifton GA Pilot Travel Center
Altoona IA Flying J
Caldwell ID Flying J
La Salle IL Flying J
Pontoon Beach IL Flying J
Fremont IN Pilot Travel Center
Indianapolis IN Flying J
Lake Station IN Flying J
Colby KS Pilot Travel Center
Salina KS Flying J
Scott (Lafayette) LA Clean Energy
Shreveport (Greenwood) LA Flying J
North East (Elkton) MD Flying J
Joplin MO Flying J
Matthews MO Flying J*
Pearl (Jackson) MS Flying J
Graham NC Flying J
Gretna (Omaha) NE Flying J
North Platte NE Flying J
Albuquerque NM Flying J
Las Vegas NV Clean Energy
Lordsburg NM Flying J
Wells NV Flying J
London OH Pilot Travel Center
Perrysburg (Lake Township) OH Flying J
Seville OH Pilot Travel Center
Oklahoma City OK Flying J
Roland OK Pilot Travel Center
Central Point OR Pilot Travel Center
Stanfield OR Pilot Travel Center
Mill Hall PA Flying J
Smithton PA Flying J
Blacksburg SC Flying J
Latta (Dillon) SC Flying J
Knoxville (Watt Rd) TN Flying J
Lebanon TN Pilot Travel Center
Amarillo TX Pilot Travel Center
Baytown TX Flying J
Brookshire TX Flying J
Dallas TX Clean Energy
El Paso TX Flying J
Fort Worth TX Pilot Travel Center
Fort Worth TX Clean Energy
Houston TX Flying J
Laredo TX Flying J
Mesquite TX Petro City
Midland TX Midland Petroleum
San Antonio TX Flying J
Waco TX Flying J
Weatherford TX Pilot Travel Center
Beaver UT Flying J
Fort Chiswell VA Flying J
Ruther Glenn (Carmel Church) VA Flying J
Oak Creek WI Pilot Travel Center*
Cheyenne WY Flying J
Rawlins WY Flying J
* Stations anticipated for December 2012 completion.
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Clean Energy | 3020 Old Ranch Parkway | Suite 400 | Seal Beach | CA | 90740
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Clean Energy Fuels
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CODE : CLNE |
ISIN : US1844991018 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Clean Energy is based in United states of america. Clean Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 404.9 millions as of today (€ 354.7 millions). Its stock quote reached its highest recent level on September 05, 2014 at US$ 9.99, and its lowest recent point on March 13, 2020 at US$ 1.05. Clean Energy has 151 085 558 shares outstanding. |