Clean Energy Fuels Corp. has been awarded a three-year contract extension to supply LNG fuel to Sun Metro, the public transit agency serving the City of El Paso, Texas and neighboring New Mexico communities.
Clean Energy has been under contract to provide LNG fuel to Sun Metro since December 2003, with fleet fuel consumption now topping three million gallons annually. The LNG fuel supplied by Clean Energy is converted on site at Sun Metro facilities to compressed natural gas (CNG) fuel, which powers the Sun Metro fleet of 200 transit and paratransit buses.
James Harger, Chief Marketing Officer, Clean Energy, said, "The leadership of Sun Metro has long recognized the economic and environmental benefits offered by natural gas fuel. We are pleased to continue our supply relationship with Sun Metro, where we have provided reliable fueling services for eight years, ensuring Sun Metro and its riders that their buses roll out daily to meet community transportation needs."
Costing less than diesel, natural gas fuel produces up to 23%-percent lower greenhouse gas emissions in medium to heavy-duty vehicles. 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. Using natural gas fuel can prevent tons of emissions from entering the atmosphere throughout the operating life of a typical bus fleet, while also lowering a transit agency's operating costs significantly.
With 600 employees and an annual budget of over $60 million, Sun Metro offers fixed route and paratransit bus services within the County of El Paso, Texas and throughout the City of Sunland Park, New Mexico. Sun Metro, the recipient of the American Public Transportation Association's 2011 Outstanding Public Transportation System Achievement Award, provides service on more than 50 fixed routes, in a region that spans 250 square miles. Annually, Sun Metro transit buses log more than 12 million passenger trips and travel 60 million passenger miles.
About Clean Energy Fuels - 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 22,700 vehicles at 238 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 at two stations 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 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. 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, including statements about Sun Metro's annual rate of natural gas fuel consumption and passenger miles and the economic and environmental benefits of natural gas in comparison 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 fluctuations in Sun Metro's ridership, the performance, availability and price of CNG vehicles relative to gasoline and diesel vehicles and the price per gallon of natural gas fuel relative to diesel and gasoline. 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.
CONTACT: For Clean Energy Fuels Corp. News Media Bruce Russell, 310-559-4955 x101 [email protected] or Investors Ina McGuinness, 805-427-1372 [email protected]
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