Clean Energy Opens World's Largest CNG Fueling Station in Lima, Peru To Serve Thousands...

Mon Apr 21, 2008 8:44pm EDT
 
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Clean Energy Opens World's Largest CNG Fueling Station in Lima, Peru To Serve Thousands of Natural Gas Vehicles Daily

    Peru's President Alan Garcia Perez, in Dedication Remarks, Says
  Countries Should Use Resources Like Natural Gas for Transportation
  Fuel Rather Than Compete with Agriculture-Based Biofuels for Food,
                       Causing Widespread Hunger
SEAL BEACH, Calif.--(Business Wire)--
Clean Energy Fuels Corp. (Nasdaq:CLNE) today opened the world's
largest compressed natural gas (CNG) fueling station in Lima, Peru.

   Peru's President, Alan Garcia Perez, and Minister of Energy and
Mines, Juan Valdivia Romero, joined US Ambassador to Peru, P. Michael
McKinley, and Andrew J. Littlefair, Clean Energy President and CEO, to
inaugurate service at the station.

   Owned and operated by Clean Energy del Peru, a joint venture
("JV") between Clean Energy and Energy Gas del Peru, the station is
strategically located midway between downtown Lima, Peru's capital
city, and the Lima International Airport. With thousands of taxis
being converted to CNG each month and thousands of buses targeted for
replacement with natural gas buses, this is the first of several
fueling stations the JV anticipates constructing to support the
expanding CNG vehicle and bus population in Peru.

   The use of natural gas in the transportation sector supports the
Peruvian Government's fuel diversity objectives for public
transportation, and will help make optimal use of Peru's large
domestic natural gas supply. Peru has the fifth largest proven natural
gas reserves in South America.

   The new Lima, Peru station marks Clean Energy's first operations
outside North America.

   "We believe there are energy alternatives that do not jeopardize
the world's food provisions ... that do not sacrifice agriculture,"
President Garcia said. "Our country has enough (natural) gas as an
alternative, and the responsibility is to use that resource in order
to avoid agriculture competing with energy resources ... If we are to
gasify transportation from Ica to Huacho, and from Lima to the heights
of Ticlio, we will be able to support 40 percent of the national
traffic and that will mean a substantive advance in the widespread use
of gas in Peru."

   Speaking at the station opening, Mr. Littlefair said, "President
Garcia, thank you for your vision and leadership to make this
possible. Peru is certainly doing the right thing to harness its own,
clean natural resource to clean the air, reduce global warming and
help grow the economy.

   "This station is unique because it can fill 32 natural gas
vehicles simultaneously, including filling five transit buses at the
same time, or thousands of vehicles per day. It has the capacity to
deliver over 40,000 gallons of natural gas daily," Mr. Littlefair
continued. "Today is just the beginning. We want to work with the
Municipal and Federal Governments to add more stations for buses and
trucks. This station is a model for Clean Energy del Peru stations to
come. We hope to expand rapidly."

   About Clean Energy

   Clean Energy, based in Seal Beach, Calif., 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, regional trucking, airport and municipal fleet markets, fueling
more than 14,000 vehicles daily at strategic locations across the
United States and Canada. Clean Energy also provides natural gas for
transportation at the world's largest CNG fueling station in Lima,
Peru. Information at: www.cleanenergyfuels.com.

   Forward-Looking Statements

   This news release from Clean Energy 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, including the volume of natural gas
that may be delivered from the new fueling station and the
construction of any additional stations Clean Energy del Peru may
build in Peru. 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.

For Clean Energy Fuels Corp.
News Media
Bruce Russell, 310-559-4955, ext. 101
brussell@cleanenergyfuels.com
or
Investors
Ina McGuinness/John Mills, 310-954-1100

Copyright Business Wire 2008

 

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