Clean Energy Fuels Corp Expansion

Clean Energy Contracts to Expand Its New York City Network of Compressed Natural Gas (CNG) Fueling Stations to Serve Growing CNG Taxi, Limo, & Paratransit Fleets 


SEAL BEACH, Calif., Apr 19, 2010 (BUSINESS WIRE) -- Moving to expand its New York City network of CNG fueling facilities, Clean Energy Fuels Corp. /quotes/comstock/15*!clne/quotes/nls/clne (CLNE 18.50, -1.13, -5.76%) has contracted to build and operate two new CNG stations in the area. The first station will be located in Queens, and the second CNG station will open adjacent to Newark's Liberty International Airport. Designed to support growing fleets of CNG taxis, limousines and paratransit vehicles, the Queens and Newark Airport stations will also be available 24/7 for public access.
Clean Energy's Queens CNG facility will be built on property owned by Gene Friedman, New York City's largest taxi fleet owner. A substantial number of New York City taxis begin and end their work days in the general vicinity of the station. CNG station construction is set to begin in May of 2010 with a targeted opening slated for Fall 2010.
At Newark Liberty International Airport, Clean Energy will co-locate a CNG fuel station at a major new convenience store/fueling facility operated by GAZ Realty, a national developer of super-stations and multi-service airport plazas. The Clean Energy/Newark Airport Plaza CNG station is scheduled to open in June 2010.
James Harger, Clean Energy Chief Marketing Officer, said, "We are delighted with the station development relationships we have formed with Gene Friedman and GAZ Realty. By expanding our CNG station network, we are responding directly to the growing demand for clean, green, domestic natural gas fuel that we have observed in the New York area, as fleet operators deploy increasing numbers of CNG vehicles."
Natural gas produces up to 30% lower greenhouse gas emissions than gasoline in light-duty and medium-duty vehicles, and costs less per gallon.
The new Queens and Newark Airport facilities join Clean Energy's existing CNG station at La Guardia Airport. In addition, as part of a recent agreement with utility operator National Grid /quotes/comstock/13*!ngg/quotes/nls/ngg (NGG 49.13, -0.87, -1.74%) /quotes/comstock/23s!e:ng. (UK:NG. 644.37, -2.13, -0.33%) , Clean Energy has assumed management responsibilities for four National Grid-owned CNG stations in the New York metropolitan area, including the station at John F. Kennedy International Airport.