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 Seal Beach, city (1990 pop. 25,098), Orange co., S Calif., on the Pacific coast; inc. 1915. It is a beach city with an active art colony. Transportation equipment and concrete are among the city's manufactures. U.S. naval stations are nearby. , Calif. -- Clean Energy Fuels Corp. (Nasdaq:CLNE CLNE Customer Located Network Equipment ) today opened the world's largest compressed natural gas Compressed Natural Gas (CNG) is a substitute for gasoline (petrol) or diesel fuel. It is considered to be an environmentally "clean" alternative to those fuels. It is made by compressing natural gas (which is mainly composed by methane (CH4 (CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage ) 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , to inaugurate in·au·gu·rate tr.v. in·au·gu·rat·ed, in·au·gu·rat·ing, in·au·gu·rates 1. To induct into office by a formal ceremony. 2. 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 South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . The new Lima New Lima is a public school in Seminole County. It has a population of about 108 people. The school itself is Class B. The mascot of New Lima is the Falcons. , 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 This is a list of natural gas vehicles. Airplanes
About Clean Energy Clean Energy, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG LNG (liquefied natural gas): see under natural gas. ) for transportation in North America North America is a continent that contains some of the best transportation networks the world has ever seen, containing the United States Interstate Highway System of highways. . 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. |
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