Blog Exposure – Clean Energy to Build Three CNG Fueling Stations in Ontario

LONDON, UK / ACCESSWIRE / April 24, 2018 / Active-Investors.com has just released a free research report on Clean Energy Fuels Corp. (NASDAQ: CLNE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CLNE as the Company’s latest news hit the wire. On April 20, 2018, the Company announced that it has signed an agreement with Union Energy Solutions Limited Partnership, an unregulated affiliate of Union Gas Limited – an Enbridge Company, to construct three compressed natural gas (CNG) fueling stations in Ontario, Canada. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Clean Energy Fuels most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Details of the CNG Stations

The areas identified for station placement include Husky Travel Centre – Windsor, Shell Flying J – between London and Woodstock, and Shell Flying J – Napanee in Eastern Ontario. These stations will make fueling with clean CNG possible along Highway 401 in Ontario, one of the busiest highways in North America and the main route from the Windsor border at Detroit, to Quebec City on the St. Lawrence Seaway, strategically and economically vital to trade between Canada and the US. The stations will add to Clean Energy’s network of over 530 natural gas fueling stations that it owns and operates in 42 US states and other provinces in Canada and are expected to initially distribute an estimated 600,000 gasoline gallon equivalents (GGEs) per year.

Agreement with Union Energy Solutions will Enable Clean Energy to Provide More Outlets for Clean Natural Gas

Chad Lindholm, Vice President of Sales at Clean Energy, stated that entering into this agreement with Union Energy Solutions will enable the Company to provide more outlets for clean natural gas, which in turn will help reduce toxic and unhealthful diesel gas emissions in the region.

Chad further stated that this network of CNG stations will enable heavy-duty truck fleets to confidently travel these routes ensuring they have sufficient fuel as they cross Canadian and provincial borders as well as travelling into the United States.

These CNG Stations will Provide a More Affordable and Cleaner-Burning Fuel Alternative

Sarah Van Der Pelt, Vice-President of Union Energy Solutions Limited Partnership, mentioned that building these stations on such an important commercial route will provide the necessary infrastructure and opportunity for fleets to make a successful transition to traditional and renewable natural gas which dramatically reduce GHGs versus diesel-fueled trucks.

Sarah added that these CNG stations will be among the first along the Hwy 401 corridor and will provide a more affordable and cleaner-burning fuel alternative.

Clean Energy’s Redeem™ Continues to Position as North America’s Largest Provider of RNG

In January 2018, the Company announced that sales of Redeem™, its renewable natural gas (RNG) offering and the cleanest fuel commercially available today, grew by 32% in 2017, from 60 million gallons in 2016 to 79 million gallons in 2017. The 2017 volume from Clean Energy represented over half of the overall United States RNG production as reported by the Environmental Protection Agency.

About Union Energy Solutions Ltd Partnership

Union Energy Solutions Limited Partnership (UES) is an unregulated affiliate of Union Gas Limited – an Enbridge Company – that focuses on various clean energy business initiatives in the Province of Ontario. UES is currently embarking on establishing a network of compressed natural gas (CNG) refueling stations along Ontario’s 400 Series highways.

About Clean Energy Fuels Corp.

Established in 1997 and headquartered in Newport Beach, California, Clean Energy is the largest provider of natural gas fuel for transportation in North America, fueling over 35,000 vehicles each day at approximately 500 fueling stations throughout the United States and Canada.

Stock Performance Snapshot

April 23, 2018 – At Monday’s closing bell, Clean Energy Fuels’ stock fell 1.26%, ending the trading session at $1.57.

Volume traded for the day: 375.55 thousand shares.

After yesterday’s close, Clean Energy Fuels’ market cap was at $244.51 million.

The stock is part of the Utilities sector, categorized under the Gas Utilities industry. This sector was up 0.1% at the end of the session.

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