| |
News
Clean Energy Begins Construction on LNG Plant in California
— First Commercial LNG Plant in California to Serve Growing Demand
from Heavy-Duty Natural Gas Vehicle Fleets, including Los Angeles Ports —
Seal Beach, CA (Sept. 13, 2007) — Clean Energy Fuels Corp. (Nasdaq: CLNE) has begun construction on California’s first, large-scale LNG (liquefied natural gas) production plant in the Mojave Desert, approximately 75 miles northeast of Los Angeles. The plant is scheduled to begin commercial shipments in the second half of 2008.
“This plant is a major step in our preparing to fuel potentially thousands of additional buses and trucks with natural gas as a result of increasing commercial demand and of new measures instituted by the California Air Resources Board and the Ports of Los Angeles and Long Beach for cleaner vehicles,” said Andrew J. Littlefair, president and CEO.
Natural gas is one of the cleanest burning fuels available, Littlefair noted. Natural gas vehicles emit significantly less greenhouse gas and pollution than vehicles fueled by diesel or gasoline.
At the new plant, Clean Energy will liquefy pipeline gas for shipment to customers by tanker trailers. Initial production capacity is anticipated to be 160,000 LNG gallons per day, which will be delivered for use by vehicle fleets throughout California and the Southwest. The facility can be expanded to a production capacity of 240,000 gallons per day. The plant will also have LNG storage capacity of 1.5 million gallons.
About Clean Energy
Clean Energy, based in Seal Beach, CA, is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at strategic locations across the United States and Canada. Information at: www.cleanenergyfuels.com
Safe Harbor Statement
This press 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. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements, including the financial impact of unanticipated project delays, higher than anticipated construction costs and delays in the demand for LNG as a vehicle fuel. 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.
Contacts
News Media
Bruce Russell, 310/559-4955, ext. 101
brussell@cleanenergyfuels.com
Investors
John Mills/Ina McGuinness, 310/954-1100
Clean Energy (Nasdaq: CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, shuttle, taxi, trucking, airport and municipal fleet markets with more than 14,000 natural gas vehicles fueling at strategic locations across the United States and Canada. |
Historical Information
Note to Readers: The press releases, presentations and printed remarks and materials are included on this web site for historical purposes only. The information contained in these documents should be considered accurate only as of the date of the relevant document. This information may change over time. Visitors to this web site should not assume that the information contained in these documents remains accurate at a later time. We do not have any current intention, and expressly disclaim any obligation, to supplement, update or revise any of the information in these documents. |
|
|