Clean Energy Signs Contract with Dillon Transport to Build & Operate Natural Gas Fueling Station to Support Freight Carrier’s New LNG-Powered Texas Truck Fleet
LNG Fleet Will Serve Owens Corning Production Plant in Irving, Texas —
Seal Beach, Calif. (March 18, 2011) —Clean Energy Fuels Corp. (Nasdaq: CLNE) has signed an agreement with major contract freight carrier Dillon Transport to build, operate and supply an LNG/CNG fueling station on Dillon-owned property in Dallas, Texas. The new Clean Energy natural gas fueling facility, also available 24/7 for public access, will support the expanding Dillon fleet of clean-burning, LNG-powered tanker trucks.
Dillon Transport’s temperature-sensitive tanker truck fleets operate throughout the U.S. and Canada, with contract services concentrated east of the Rocky Mountains. The new Dallas Clean Energy station will support Dillon LNG trucks to be deployed in the near future to deliver raw materials to the Owens Corning shingle production plant in Irving, Texas. Owens Corning is a leading global producer of residential and commercial building materials.
Along with Owens Corning, Dillon is an active member of the U.S. Environmental Protection Agency’s SmartWay ™ Transport Partnership, a voluntary alliance of freight industry organizations that establishes incentives for fuel efficiency and greenhouse gas reductions.
Development of the new Clean Energy/Dillon Transport station is expected to begin immediately, with the opening projected for the third quarter.
Jeff Dillon, Owner and President of Dillon Transport, said, “We are involved in this project because LNG is cleaner, cheaper and domestic. This benefits every U.S. citizen in the form of environmental stewardship, national security and job creation. The new station is supported by private enterprise without government funding. We are proud to be a leader in the use of LNG as a transportation fuel, and without our partners, Owens Corning and Clean Energy, this innovative venture would not have been possible. Change of this magnitude is challenging, but I feel that the benefits can be profound.”
James Harger, Clean Energy’s Chief Marketing Officer, said, “With the availability of new class-8, 2010 EPA-compliant natural gas trucks from several major manufacturers, regional and national trucking operators are transitioning their fleets to natural gas to add fuel diversity, curtail harmful emissions and reduce dependence on imported oil. We commend Dillon Transport for its leadership role in this rapidly-growing movement.”
Costing less than diesel, 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.
About Dillon Transport Inc. — Dillon Transport is a leading liquid and dry bulk carrier with an operational concentration east of the Rockies. The company has grown over its 31-year history from a single truck to 12 terminals servicing 25 states and Canada. The Dillon fleet consists of 280 tractors and over 400 trailers with a fleet average age of 1.8 years, making it one of the most modern fleets in the country. Dillon Transport provides outstanding service achieved through leveraging innovative technology in the areas of operations, safety and environmental impact.
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 21,200 vehicles at 224 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 1,200 installations in 24 countries.
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 statements about the deployment of Dillon’s LNG trucks, the demand for Dillon’s services and the commencement of vehicle fueling operations at the station. 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 the rate of LNG truck procurement by Dillon, the performance, availability and price of LNG vehicles relative to gasoline and diesel vehicles and permitting or other delays encountered during the construction of the station. 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.
