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Two companies sign 10-year CNG fueling agreement −
NEWPORT BEACH, Calif. – Clean Energy Fuels Corp. (Nasdaq: CLNE) and NG Advantage LLC have announced an agreement to construct a new compressed natural gas (CNG) compression facility in Central New Hampshire. The facility will allow NG Advantage to expand its reach in providing CNG to manufacturing and other energy-intensive customers located away from the nation’s natural gas pipeline throughout New England and Eastern New York. Once operational, the facility will more than double the capacity of NG Advantage and provide redundancy for the company’s existing customers.
Designed, constructed and operated by Clean Energy, the facility is intended to provide a minimum of 10-million gasoline-gallons-equivalent of CNG per year. NG Advantage has committed to purchase that volume of fuel for the duration of the 10-year agreement. This potentially represents more than double the CNG fuel volume supplied by Clean Energy’s highest-volume CNG station.
“America’s transportation sector has realized tremendous economic and environmental rewards by switching to CNG,” said Mark Riley, Clean Energy regional vice president. “Our partnership with NG Advantage is expected to allow our two companies to bring these same advantages to America’s manufacturers who are located beyond the reach of our nation’s natural gas network.
The new facility will enable NG Advantage’s expanded customer base to use natural gas, which reduces carbon-dioxide emissions in manufacturing applications by up to 26 percent and is currently over 30 percent cheaper than propane or oil alternatives.
“Reducing energy costs and improving environmental impact is critical for American manufacturers to remain competitive in the global marketplace,” said Neale Lunderville, CEO of NG Advantage. “Clean Energy is the perfect partner for us to serve our customers beyond the pipeline with cleaner, cheaper and abundant American natural gas.”
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 and develop renewable natural gas (RNG) production facilities. For more information, visit www.cleanenergyfuels.com.
About NG Advantage LLC
NG Advantage LLC is the leading provider of compressed natural gas (CNG) fuel to enterprise customers located beyond the nation’s natural gas pipeline through New England and Eastern New York. NG Advantage delivers CNG via tanker truck in real time to its growing base of large industrial, commercial, and institutional customers.
For more information, visit www.ngadvantage.com.
