UPDATE 1-Clean Energy strikes truck fueling facilities deal

Tue Oct 5, 2010 8:56am EDT

* Deal with travel center operator Pilot Travel Centers

* Says major truckers considering move to gas fleet

* Clean Energy stock up 3 pct pre-market

Oct 5 (Reuters) - Natural gas provider Clean Energy Fuels Corp (CLNE.O) agreed with truck stop operator Pilot Travel Centers to build, own and operate fueling facilities, expecting more truckers to opt for the greener fuel ahead of planned cuts in greenhouse gas emission from heavy vehicles.

In August, U.S. environmental regulators sent draft rules to the White House that would for the first time cut greenhouse gas emissions from heavy trucks and buses. [ID:nN16148893]

"Major regional and national trucking operators are considering the move to natural gas for their fleets to add fuel diversity, lower emissions and reduce dependence on imported oil," Clean Energy Chief Executive Andrew Littlefair said in a statement.

Tuesday's agreement gives Clean Energy access to compressed and liquefied natural gas fueling facilities at agreed-upon Pilot Travel centers nationwide.

"This is the critical link for Clean Energy to be able to roll out natural gas truck fueling services across the nation," Littlefair said.

Seal Beach, California-based Clean Energy's shares, valued at about $864 million, have shed more than one-third of their value in the last six months, as a fall in natural gas prices weighed on the company.

The stock was up 3 percent at $13.63 before the bell Tuesday. (Reporting by Krishna N. Das in Bangalore; Editing by Prem Udayabhanu)

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