Saturday, September 20, 2008

Clean Energy to Build, Operate CNG Fueling Station for New Solid Waste Fleet in Seattle, Washington: Financial News - Yahoo! Finance

Clean Energy to Build, Operate CNG Fueling Station for New Solid Waste Fleet in Seattle, Washington

Monday September 15, 8:30 am ET
-- CleanScapes, a City of Seattle Solid Waste Contractor, Opts to Deploy 40 New CNG Trucks; Major Environmental and Cost-Saving Benefits Projected --


SEAL BEACH, Calif.--(BUSINESS WIRE)--CleanScapes, Inc., a newly-designated City of Seattle, WA solid waste contractor, has awarded Clean Energy Fuels Corp. (Nasdaq:CLNE - News) a contract for up to 10 years to build and operate a compressed natural gas (CNG) station and provide fuel for CleanScapes’ 40 new CNG-powered refuse trucks. Clean Energy’s fuel contract with CleanScapes includes a preferential fuel pricing provision. The new CleanScapes time-fill CNG fuel station, to be designed, built and operated by Clean Energy, will be located south of Seattle’s downtown area. Starting in April 2009, CleanScapes will deploy the CNG fleet to provide waste collection services to more than 64,000 residential and business customers in the Central and Northeast sections of Seattle.
Chris Martin, CleanScapes’ President, said, “Seattle has been a national leader in greenhouse gas emissions reduction. Our Mayor, Greg Nickels, has led the effort to have cities agree to abide by the Kyoto Protocol. During the bidding process we felt it could be to our advantage to propose a CNG fleet. After careful analysis we determined that a CNG fleet would bring significant environmental and economic benefits.”

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