NEWPORT BEACH, CALIF. – November 19, 2014 – Mansfield Clean Energy Partners (MCEP), the joint venture of Clean Energy Fuels Corp. (NASDAQ: CLNE) and Mansfield Energy Corp.,today held a grand opening ceremony for the first compressed natural gas (CNG) station built to serve the MCEP venture. The Honorable Casey Cagle, Lt. Governor of Georgia, and Donna Pittman, Mayor of Doraville, GA, participated in the ceremony and toured the new corporate headquarters of MCEP located adjacent to the new card-lock CNG station, designed to support heavy duty natural gas tractor-trailers.
“Opening the first of many MCEP stations and seeing trucks fueling today brings into focus the potential of this venture,” said Michael Mansfield, CEO of Mansfield. “We’ve served our bulk fuel customers with the most innovative fuel logistics solutions for decades; the innovative natural gas solution of tomorrow is now available today with the opening of this station.”
Located at 2765 Woodwin Rd., Doraville, GA, the new card-lock natural gas fueling station will fuel Mansfield’s growing fleet of 12 natural gas trucks, as well as other area fleets. The station will showcase the potential natural gas fuel brings to the significant bulk fuel hauling market segment.
“Mansfield has shown industry leadership yet again with the deployment of its first CNG trucks,” said Andrew J. Littlefair, president and CEO of Clean Energy. “As the anchor tenant of the first MCEP station, this growing fleet will be a rolling case study for other bulk fuel haulers contemplating the transition to cleaner-burning and less-expensive natural gas fuel.”
Natural gas fuel costs more than $1.00 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, virtually all natural gas consumed in North America is produced domestically.
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About Mansfield Clean Energy Partners
Mansfield Clean Energy Partnersdevelops and builds compressed natural gas fueling stations across North America, with a specific focus on bulk fuel hauling terminal markets. Mansfield Clean Energy Partners has developed an industry-leading team leveraging shared resources and expertise from Mansfield Energy Corp., a leader in the transportation fuels sector and #41 on the Fortune 100 list of privately held companies, and Clean Energy Fuels (NASDAQ: CLNE), the nation’s leading builder of CNG and LNG stations. For more information, visit www.mcepartners.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 number of stations MCEP anticipates building 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, the cost and operating experience associated with natural gas trucks, and permitting and other factors affecting construction. 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.
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