Tuesday, December 16, 2008 8:52:54 AM
SEAL BEACH, Calif., Dec 16, 2008 (BUSINESS WIRE) -- Clean Energy Fuels Corp.
(Nasdaq:CLNE) has been awarded a five-year contract with a five-year option for
compressed natural gas (CNG) fueling services by Central Jersey Waste &
Recycling Inc. Located in Trenton, New Jersey, the firm provides waste hauling
and recycling services for central New Jersey, including the town of Hamilton,
which has mandated alternative fuel use.
Central Jersey Waste will finance both a portion of its time-fill fueling
station and 20 natural gas trucks through Clean Energy Finance. Clean Energy
will design, build, operate and maintain the fueling station.
The waste and recycling firm is the first in New Jersey to convert a portion of
its operations to natural gas fuel use.
James Harger, Clean Energy Senior Vice President, said, "We are pleased to
provide these services for Central Jersey Waste that will in turn benefit the
state of New Jersey by beginning to use cleaner, cheaper natural gas fuel for
waste and recycling hauling. Waste hauling companies throughout the country are
beginning to adopt natural gas fuel for both environmental and economic reasons.
With more than 200,000 refuse trucks on the road nationwide, there is
significant opportunity for natural gas vehicles to contribute to the nation's
growing energy commitment to reduce the use of foreign oil while helping clean
the air."
"What makes Central Jersey Waste and Recycling different is our steadfast
commitment to pursuing initiatives that save money for our customers while
preserving the environment in New Jersey," said Michael Fiumefreddo, Central
Jersey Waste Vice President. "To that end, we are pleased to be working with
Clean Energy to convert our fleet of trucks from diesel fuel to clean-burning
natural gas. This is an environmental alternative that will reshape the waste
and recycling industry in New Jersey and force our competitors to step up and
act more responsibly."
Clean Energy (Nasdaq:CLNE) is the leading provider of natural gas (CNG and LNG)
for transportation in North America. It has a broad customer base in the refuse,
transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets,
fueling more than 14,000 vehicles daily at over 170 strategic locations across
the United States and Canada. Clean Energy owns and operates two LNG production
plants, one in Willis, TX and one in Boron, CA, with combined capacity of
260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per
day as demand increases. It also owns and operates a landfill gas facility in
Dallas, TX that produces renewable methane gas or biogas for delivery in the
nation's gas pipeline network. Please 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 as a result of
several factors including statements made about the number of CNG trucks
ultimately used by Central Jersey Waste. 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.
SOURCE: Clean Energy Fuels Corp.
CONTACT:
Clean Energy Fuels Corp.
News Media
Bruce Russell, 310-559-4955 x101
brussell@cleanenergyfuels.com
or
Investors
Ina McGuinness, 310-954-1100
"A man doesn't know what he knows until he knows what he doesn't know"
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