Clean Energy Hits New Quarterly Record for Fuel Agreements in Core Markets and Opens Several Fueling Stations to Support New Fuel Volume
NEWPORT BEACH, Calif. (November 6, 2013) — Clean Energy Fuels Corp. (Nasdaq: CLNE) today released an update to its ROAD TO NATURAL GAS report with select deal announcements representative of its continually growing portfolio of natural gas fuel customers. Clean Energy continues to lead the natural gas transition as evidenced by achieving a new quarterly record of fuel agreements in its core refuse, transit and airport/fleet markets expected to total up to approximately 10.5 million gallons per year once fully-deployed.
TRUCKING: Central Freight Lines Signs Multi-year Fueling Agreement with Clean Energy to Fuel Their Fleet of 114 Heavy-Duty CNG Trucks
- Clean Energy will open its South Ft. Worth America’s Natural Gas Highway station to support this new contract, and anticipates generating increased fuel volumes at its Dallas Love, Dallas Irving Blvd. and San Antonio, Texas, stations.
- Central Freight Lines began testing 14 CNG tractors in August 2012 and added 100 additional CNG tractors to its fleet in May 2013. Today Central Freight Lines has the largest natural gas fleet in Texas.
GREENHOUSE GAS REDUCTION
Central Freight Lines is expected to use approximately 300,000 diesel gallon equivalents (DGEs) of CNG per year which reduces greenhouse gases by 695 metric tons per year, the equivalent of taking 144 cars off the road per year.
“For nearly 90 years Central Freight Lines has been a Texas leader in transportation solutions for both emerging businesses and Fortune 500 companies. With our continued investment in CNG equipment, we solidify our commitment to our customers, our community and environmental sustainability. This investment with Clean Energy makes positive environmental sense, allowing us to share with our customers our vision for a greener Texas future. We chose to be an active participant in a clean air initiative that will be meaningful to everyone for years to come.”
— Don Orr, President and CEO, Central Freight Lines
“As the leading provider of natural gas fuel for transportation, we’re thrilled to be fueling the largest natural gas fleet in the Lone Star State.”
— Matthew Feighner, Regional Vice President, Clean Energy
TRANSIT: Kansas City Area Transportation Authority (KCATA) Signs Multi-year Fueling Agreement with Clean Energy to Open New Station as KCATA Transitions Entire Fleet to Natural Gas
- KCATA Board of Commissioners recently approved a 10-year Operation and Maintenance agreement with Clean Energy to fuel its transitioning fleet of buses and paratransit vehicles.
- KCATA fleet will begin with 25 CNG buses with an estimated acquisition of 15 additional CNG buses each year thereafter until 256 CNG buses have been deployed.
- Within 15 years, KCATA estimates it can displace nearly 2.5 million diesel gallons each year.
GREENHOUSE GAS REDUCTION
Within three years, KCATA is expected to use approximately 700,000 DGEs of CNG per year which reduces greenhouse gases by 1,622 metric tons per year, the equivalent of taking 335 cars off the road per year.
“We are committed to clean air technology. The transition to natural gas from diesel signals the start of a new era of clean technology vehicles for not only our 16 million customers who ride every year, but for the entire Kansas City metropolitan area.”
— Mark Huffer, General Manager, KCATA
“Clean Energy is pleased to have partnered with the Kansas City Area Transportation Authority to fuel and supply their transition to natural gas. KCATA is an important transit authority with an interstate reach and responsibility. We applaud them for taking this major step toward a cleaner future.”
— Peter Grace, Senior Vice President, Sales and Finance, Clean Energy
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest 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; and develop renewable natural gas (RNG) production facilities. For more information, visitwww.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 volumes of natural gas fuel expected to be dispensed and the benefits of natural gas fuel when compared to gasoline or 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. 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.
