Adding to the Portfolio of over 30 Stations in the Greater NYC Area
New York (April 3, 2014) – Clean Energy Fuels Corp. (NASDAQ: CLNE), today announced fueling has begun at its newest CNG public access station, which is located at JFK International Airport within the newly-opened JFK multi-fuel travel plaza, the only travel plaza in New York City available to motorists. Clean Energy will be fueling many types of fleets including refuse trucks, heavy and medium duty trucks, cement trucks, as well as shuttles and taxis that directly serve JFK travelers.
“CNG is an important fueling option for New York businesses and has proven to be a reliable fuel for the people of New York during times of natural disaster,” said Peter Grace, senior vice president of sales and finance at Clean Energy. “We congratulate Airport Plaza for today’s grand opening and are proud to be the CNG provider at this innovative alternative fueling station.”
The new public CNG station is open 24/7 and accepts credit cards and fleet fuel cards. In addition to CNG, the JFK travel plaza also features other alternative fuels, such as E-85, electric vehicle charging stations, as well as conventional gasoline and diesel. However, CNG is the only alternative fuel which can meet the fueling needs of vehicles ranging from taxis to heavy-duty trucks which will be fueling at this station.
“As one of the first ready-mix companies in the United States to utilize natural gas in our ready-mix concrete mixers, we’re excited about fueling with Clean Energy,” said Bob Gartman, vice president of operations, Ferrara Brothers Building Materials Corp. “As a local Queens company based in Flushing, our CNG fueling will not only positively impact the surrounding community and environment, limiting the need for foreign oil, but will also positively impact our bottom line.”
Clean Energy is now successfully operating at every international airport in the Northeast and currently operates over thirty public stations in the Tri-State area.
“The New York Department of Sanitation’s municipal refuse fleet is the largest in the nation and requires a fueling partner who can meet the demands of our fleet,” said Rocco DiRico, deputy commissioner, New York City Department of Sanitation. “The new JFK CNG station makes fueling even easier for our department.”
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.
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; 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 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.