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SMALL BUSINESS
Yellow Cab Chicago Awards Clean Energy 10-Year Contract to Build and Operate Two Compressed Natural Gas (CNG) Fueling Stations to Serve Its Growing CNG Taxi fleet
Business Wire
Taxi Affiliation Services (TAS), which operates Yellow Cab Chicago, the
nation’s oldest and largest continuously operating taxicab fleet, has
awarded Clean Energy Fuels Corp. (Nasdaq: CLNE) a new 10-year contract
to build and operate two new CNG fueling stations and sell fuel to the
company’s growing CNG taxi fleet. Yellow Cab Chicago and its affiliates
plan an initial deployment of 100 new CNG taxis.
The new Clean Energy CNG stations will be located on TAS-controlled
sites selected for their proximity to downtown Chicago’s business,
hotel, shopping and financial districts. In addition to serving Yellow
Cab taxis, the stations will be open 24/7 for public access.
James Harger, Clean Energy’s Chief Marketing Officer and Senior Vice
President, said, “We are delighted to initiate this fuel supply and
operations relationship with Taxi Affiliation Services and Yellow Cab
Chicago, clear leaders in promoting the use of natural gas fuel. We look
forward to supporting their first 100 clean, green CNG-powered taxis,
and to provide ongoing support as their fleet expands. These key
stations begin a larger city network we intend to build.”
Clean Energy partnered with Yellow Cab Chicago to apply for and secure
$1.5 million in grant funding from the City of Chicago and the
Department of Energy to help defer the costs of station construction and
acquiring new CNG taxi vehicles.
Michael Levine, CEO, Taxi Affiliation Services, said, “Our company
operates North America’s oldest and largest taxicab fleet. We operate
approximately 3,000 cabs, including our Yellow, Checker, American United
and Blue Diamond lines, making us the premier taxicab service in the
City of Chicago. We utilize the latest available technology and the
safest, most comfortable vehicles to provide passengers the highest
quality of service. Our new, growing CNG taxi fleets will provide
benefits not only to the drivers and passengers in the form of lower
fuel costs and clean, green performance, but to the City of Chicago at
large, as greenhouse gas emissions are significantly reduced.”
Natural gas produces up to 30 percent lower greenhouse gas emissions
than gasoline fuel in light-duty and medium-duty vehicles.
Clean Energy (Nasdaq: CLNE) is the leading provider of natural
gas (CNG and liquefied natural gas (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 17,500 vehicles at 195 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 biomethane for delivery in the nation’s gas pipeline network. Clean
Energy also owns BAF Technologies, Inc. of Dallas, TX, a leading
provider of natural gas vehicle systems and conversions for taxis,
limousines, vans, pick-up trucks and shuttle buses. 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, including
statements about the number of CNG vehicles to be deployed by TAS and
Yellow Cab Chicago and the commencement of vehicle fueling operations at
the station. Actual results and the timing of events could differ
materially from those anticipated in these forward-looking statements as
a result of the pricing and availability of CNG vehicles, the
performance of the CNG vehicles and unanticipated delays in the
construction and commencement of operations at the station 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.
Copyright Business Wire 2010
2010-02-01 06:00:00
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