Clean
Energy Fuels Corp. (NASDAQ: CLNE)
today announced an agreement with Dean Foods (NYSE: DF),
one of the nations’ leading food and beverage companies, to construct a
compressed natural gas (CNG) station at its Oak Farms Dairy plant in
Houston, Texas. Beginning in the second half of 2015, the station will
be used to fuel the CNG vehicles deployed by Dean Foods.
Over the next several months, Dean Foods will introduce 57 CNG
Freightliner M2-112 straight trucks and 7 Freightliner Cascadia
over-the-road tractors powered by the Cummins ISL-G and ISX12-G engines,
respectively and outfitted with Agility CNG fuel tanks.
“We see the value a cleaner and more cost-effective fuel can provide to
our company, our stakeholders and our community,” said Mike Ahart, Vice
President, Dean Foods. “We are pleased to add these natural gas vehicles
as a component of our ongoing sustainable business practices.” As part
of its overall greenhouse
gas reduction goal, Dean Foods set a goal in 2008 to reduce its
distribution fleet’s CO2e emissions by 50,000 metric tons by
2013 – a goal surpassed by the end of 2010. The goal was revised in 2012
to reduce distribution emissions 95,000 metric tons by 2020.
Station construction is scheduled to be completed by the second half of
the year. The facility will be engineered with the ability to expand to
accommodate fueling a fleet of 120 CNG commercial vehicles.
“The introduction of natural gas into the fuel mix of the Oak Farms
Dairy fleet is a positive step and we are eager to help this
industry-leading company succeed with CNG,” said Chad Lindholm, Vice
President, Clean Energy.
A grant covering a portion of the vehicle costs has been provided to
Dean Foods under the Texas Natural Gas Vehicle Grant Program (TNGVGP),
funded by the Texas Commission on Environmental Quality (TECQ). Through
this voluntary grant program, monies are provided to reduce nitrogen
oxide emission by replacing older diesel engines with cleaner-burning
natural gas engines.
Leadership from Dean Foods and Clean Energy were present at Dean Foods’
Oak Farms milk processing plant in Houston today for an educational and
employee appreciation event for Dean Foods’ employees.
Natural
gas fuel costs up to $1.00 less per gallon than gasoline or diesel,
depending on local market conditions. The use of natural gas fuel not
only reduces operating costs for vehicles, but also reduces greenhouse
gas emissions up to 30% in light-duty vehicles and 23% in medium to
heavy-duty vehicles. In addition, nearly all natural gas consumed in
North America is produced domestically.
About Dean Foods
Dean Foods® is a leading food and beverage company and the largest
processor and direct-to-store distributor of fluid milk and other dairy
and dairy case products in the United States. Headquartered in Dallas,
Texas, the Dean Foods portfolio includes TruMoo®, the leading national
flavored milk brand, along with well-known regional dairy brands such as
Alta Dena®, Berkeley Farms®, Country Fresh®, Dean's®, Garelick Farms®,
LAND O LAKES® milk and cultured products*, Lehigh Valley Dairy Farms®,
Mayfield®, McArthur®, Meadow Gold®, Oak Farms®, PET®**, T.G. Lee®,
Tuscan® and more. In all, Dean Foods has more than 50 local and regional
dairy brands and private labels. Dean Foods also makes and distributes
ice cream, cultured products, juices, teas, and bottled water. Over
17,000 employees across the country work every day to make Dean Foods
the most admired and trusted provider of wholesome, great-tasting dairy
products at every occasion. For more information about Dean Foods and
its brands, visit www.deanfoods.com.
*The
LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license.
**PET
is a trademark of The J.M. Smucker Company and is used by license.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest provider of
natural gas fuel for transportation in North America. We build and
operate compressed natural gas (CNG) and liquefied natural gas (LNG)
fueling stations; manufacture CNG and LNG equipment and technologies for
ourselves and other companies; develop renewable natural gas (RNG)
production facilities; and deliver more CNG, LNG and Redeem RNG fuel
than any other company in the U.S. For more information, 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 without limitation statements about the benefits
of natural gas relative to gasoline and diesel and completion of the
Dean Foods station. Actual results and the timing of events could differ
materially from those anticipated in these forward-looking statements as
a result of several factors, including, without limitation, the price of
natural gas relative to gasoline and diesel and permitting and other
factors affecting construction. The forward-looking statements made
herein speak only as of the date of this press release and, unless
otherwise required by law, the Company undertakes no obligation to
publicly update such forward-looking statements to reflect subsequent
events or circumstances. Additionally, the reports and other documents
the Company files with the SEC (available at www.sec.gov)
contain risk factors, which may cause actual results to differ
materially from the forward-looking statements contained in this news
release.
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