Seal Beach, Calif. (Nov. 3, 2011) — Clean Energy Fuels Corp. (Nasdaq: CLNE) has signed an agreement with leading national refuse company Waste Management to provide maintenance and repair services for its compressed natural gas (CNG) fueling stations throughout the United States.
Clean Energy also provides engineering and construction services, as well as compression equipment through its subsidiary, IMW Industries, at selected fueling stations.
Raymond P. Burke, Vice President, Clean Energy, said, “We are delighted to have the opportunity to support Waste Management in its expanding efforts to deploy CNG truck fleets that provide environmentally-friendly refuse collection and recycling services to its commercial and residential customer base. It is a clear leader in the industry converting its fleets to natural gas.”
Waste Management currently deploys about 1,000 natural gas-powered (CNG and LNG) solid waste collection and recycling trucks throughout North America, and has CNG and LNG fueling stations at 17 of its facilities with more under development.
Natural gas fuel produces up to 23% percent lower greenhouse gas emissions in medium to heavy-duty vehicle applications. U.S. Department of Energy reports estimate that 98% of the natural gas consumed in the U.S. is sourced in the U.S. and Canada.
Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle market. It has operations in CNG and LNG vehicle fueling, construction and operation of CNG and LNG fueling stations, biomethane production, vehicle conversion and compressor technology.
Clean Energy fuels over 23,300 vehicles at 248 strategic locations across the United States and Canada with a broad customer base in the refuse, transit, trucking, shuttle, taxi, airport and municipal fleet markets. Clean Energy del Peru, a joint venture, fuels vehicles and provides CNG to commercial customers in Peru. We own (70%) and operate a landfill gas facility in Dallas, Texas, that produces renewable natural gas, or biomethane, for delivery in the nation’s gas pipeline network, and we plan to build a second facility in Michigan. We own and operate LNG production plants in Willis, Texas and Boron, Calif. with combined capacity of 260,000 LNG gallons per day and that are designed to expand to 340,000 LNG gallons per day as demand increases. NorthStar, a wholly owned subsidiary, is the recognized leader in LNG/LCNG (liquefied to compressed natural gas) fueling system technologies and station construction and operations. BAF Technologies, Inc., a wholly owned subsidiary, is a leading provider of natural gas vehicle systems and conversions for taxis, vans, pick-up trucks and shuttle buses. IMW Industries, Ltd., a wholly owned subsidiary based in Canada, is a leading supplier of compressed natural gas equipment for vehicle fueling and industrial applications with more than 1,200 installations in 24 countries. For more information, visit www.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. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. 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.