SAN DIEGO, CALIF. – October 7, 2014 – Clean Energy Fuels Corp., (NASDAQ: CLNE) today announced at the American Trucking Association Management Conference and Exhibition a multi-year fueling agreement to further support Dillon Transport’s ongoing leadership in heavy-duty natural gas truck fueling. Clean Energy is scheduled to supply Dillon’s growing fleet with approximately 2.5 million additional DGEs of CNG annually and expects to open three additional public truck-friendly natural gas stations in Houston, Texas, Midland, Texas, and West Atlanta, Ga., over the remainder of the year to accommodate the increased fuel sales.
“Clean Energy is privileged to expand our 5 year relationship with Dillon to help enable this fleet’s transition to natural gas,” said James Harger, chief marketing officer of Clean Energy. “Dillon’s early leadership in heavy-duty natural gas truck fueling helped pave the way for numerous other heavy-duty fleets to make the switch to natural gas fuel in Texas and beyond. These new trucks will consume an estimated 2.5 million gallons of fuel per year.”
With this announcement, over 200 of Dillon’s 500-truck fleet will fuel with natural gas throughout Clean Energy’s public-access network in Texas and Georgia. This network includes a natural gas station on Dillon’s property in Dallas, Texas, built and operated by Clean Energy. Dillon regularly takes delivery of additional heavy-duty CNG trucks as it phases out its remaining diesel trucks.
“The successful operation of our Dallas Clean Energy station and our current natural gas fleet operations have proven a lower total cost-per-mile than our diesel fleet,” said Jeff Dillon, president of Dillon Transport. “Converting the rest of our fleet with Clean Energy as our preferred fuel provider is an extension of our successful natural gas fueling track record.”
The Midland, Texas, station is located adjacent to a Pilot Flying J Travel Center and will feature 2 CNG lanes and 2 LNG lanes. The Houston, Texas and West Atlanta, Ga., stations will each have 2 CNG lanes.
Natural gas fuel costs up to $1.50 less per gallon than gasoline or diesel, depending on local market conditions. The use of natural gas fuel not only reduces operating costs for vehicles, but also reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in medium to heavy-duty vehicles. In addition, nearly all natural gas consumed in North America is produced domestically.
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About Clean Energy
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading 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; develop renewable natural gas (RNG) production facilities; and deliver more CNG, LNG and Redeem RNG fuel than any other company in the U.S. For more information, visit www.cleanenergyfuels.com.
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 without limitation statements about the amount of natural gas fuel expected to be consumed by Dillon and the benefits of natural gas relative to gasoline and 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, including, without limitation, the price of natural gas relative to gasoline and diesel, and the cost and operating experience associated with natural gas trucks. 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.