This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Clean Energy To Open Two America’s Natural Gas Highway Stations To Fuel New Raven Transportation LNG Heavy Duty Trucks

Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced a multi-year natural gas fueling agreement to support 36 new natural gas trucks deployed by Raven Transport Inc. Clean Energy plans to support this effort by opening two of its America’s Natural Gas Highway stations in Jacksonville, Fla., and Franklin, Ohio.

“Raven is a great example of how heavy duty natural gas truck deployment is progressing and we congratulate them for their leadership,” said James Harger, chief marketing officer at Clean Energy. “Raven’s decision to transition to LNG will enable them and their customers to realize the cost and sustainability benefits of natural gas fuel.”

Raven’s 36 new heavy-duty LNG tractors will haul goods for a major U.S. consumer goods company on routes through Georgia and the upper Midwest. The new trucks are forecasted to consume approximately 1 million diesel-gallon-equivalents of LNG per year, which is anticipated to reduce greenhouse gas emissions by nearly 2,000 metric tons per year, or the equivalent of removing 350 passenger cars from the road each year.

“Raven’s success is built on our willingness to tailor logistics to the needs of our customers,” said Stephen Silverman, chief operating officer at Raven Transport. “Environmental stewardship and cost-effective logistics are central to the operating principles of our customers, which is why our investment in a heavy-duty natural gas fleet makes sense.”

Raven’s tractors are powered by the new Cummins Westport 12-liter natural gas engine, the powertrain that is reshaping the heavy-duty natural gas trucking industry.

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.

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 and develop renewable natural gas (RNG) production facilities. 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, including statements about the deployment of natural gas vehicles, the amount of natural gas fuel expected to be consumed by Raven, and the benefits of natural gas relative to diesel fuel, and the opening of America’s Natural Gas Highway stations. 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, but not limited to, the performance, availability and benefits of natural gas trucks relative to diesel trucks and delays encountered during the construction of natural gas fueling stations. 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.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,753.10 +1.71 0.01%
S&P 500 2,108.23 -0.34 -0.02%
NASDAQ 5,129.9750 +18.2420 0.36%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs