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News Release
UPS Contracts with Clean Energy to Fuel New UPS LNG Regional Truck Fleet in Las
Vegas
-- Clean Energy Will Build and Operate New Fueling Station
As Key Link in Southwest LNG Truck Fueling Corridor --
Seal Beach, CA (February 22, 2011) -- UPS, the world's largest package delivery
company, has contracted with Clean Energy Fuels Corp. (Nasdaq: CLNE) to fuel its
new fleet of 48 liquefied natural gas (LNG) package transportation trucks at a
new truck fueling station near UPS facilities in Las Vegas, Nevada. The agreement
has a seven-year initial term with three one-year renewal options. Clean Energy
will design, build, own and operate the station, which is set for opening in the
first half of 2011.
"Investment in a fuel-efficient technology that helps reduce our carbon footprint
and reduce our dependence on petroleum remains a key component of UPS's transport
strategy," said Mike Britt, Director of Vehicle Engineering at UPS. "For our heavy-duty
vehicles, LNG has proved successful in reducing emissions, keeping our maintenance
and operating costs low, and significantly reducing our dependence on petroleum
for these shipping lanes."
The public access LNG fueling station will support the deployment of a new regional
UPS fleet of 48 LNG delivery trucks used to transport packages between UPS facilities
in Las Vegas and Ontario, Calif., as well as to other regional destinations. LNG
fuel requirements are expected to exceed 1.2 million gallons annually for the UPS
48-truck fleet, which will be deployed during the first half of 2011. The station
will also become a key link in the Southwest LNG truck fueling corridor being developed
by Clean Energy.
James Harger, Chief Marketing Officer, Clean Energy, said, "We are delighted to
have this opportunity to extend our relationship with UPS to support its efforts
to curb harmful air pollution and global warming emissions. The new Las Vegas LNG
truck fleet is part of continuing efforts by UPS to reduce its emissions from the
use of fuels like gasoline and diesel, and to lower its carbon footprint."
Harger added, "This UPS station project is a major step toward realizing our goal
to create a Southwest LNG truck fueling corridor that will extend along major truck
transport routes from San Diego to Salt Lake City." The development of the Clean
Energy LNG station infrastructure is in direct response to the increasing demand
for natural gas fuel as major trucking companies secure and deploy LNG-powered trucks
throughout the region.
To supply its Southwest regional LNG fuel customers, Clean Energy operates the largest
LNG production plant in the Southwest, located in Boron, Calif. The facility includes
a 1.8-million-gallon LNG storage tank as an important supply resource.
About Clean Energy Fuels
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 19,900 vehicles at 211 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. It owns (70%) and operates a landfill
gas facility in Dallas, Texas, that produces renewable methane gas, or biomethane,
for delivery in the nation's gas pipeline network. It owns and operates 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,
limousines, 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 1,000 installations
in 24 countries. Please visit: www.cleanenergyfuels.com [http://r20.rs6.net/tn.jsp?llr=k6qu8zaab&et=1104628600710&s=14755&e=00199A-Pe32SNT7rRmb2JH2ic99M8pjKgGM7q7x69H5pPcsiehI_ffogkrgn_cfxug41X_QPDNwRClWQYEV9_2PvIb3o4bMq9NyZ3O3etzj7fK_f6sHwgJM6kyc6-OT90MZ]
READ MORE ABOUT THIS STORY, AS REPORTED IN THE NEW YORK TIMES ON 2/22/11:Link here
to "U.P.S. Finds a Substitute for Diesel: Natural Gas, at 260 Degrees Below Zero"
[http://r20.rs6.net/tn.jsp?llr=k6qu8zaab&et=1104628600710&s=14755&e=00199A-Pe32SNTMgIgGWFGnVQTGve7CFDaby437u3F9061mPJu5CX9_dIjxd0xOLWFfa9lP2d1QAF09pJ4ufaXLvI0Xo10S_yZG2k8D0tMVbFaWETs1WQI1t4SsJryjFzT3pgan3ybICoT3QyPy230lf8mSkdDiXcxD3Mva78cg0w1Ug3rAvQnzgcQmkHTTMBkiLcX2u-PehATG0AHVmgHjMERhWNrKnp6zenARq2bTftVFNNog15oaYw==]
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Clean Energy | 3020 Old Ranch Parkway | Suite 200 | 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$ 463.8 millions as of today (€ 417.2 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. |