Pages

Custom Search

Search Mad Money Fund Blog

Are You Buying Jim Cramer's Get Rich Carefully Book ?

Share Stock Picks

Sunday, August 3, 2008

One of my Top Stock Picks for the long term !!



Clean Energy Opens World’s Largest CNG Fueling Station in Lima, Peru to Serve Thousands of Natural Gas Vehicles Daily
Seal Beach, Calif. (April 21, 2008) — Clean Energy Fuels Corp. (Nasdaq: CLNE) today opened the world’s largest compressed natural gas (CNG) fueling station in Lima, Peru.


Clean Energy's Andrew Littlefair and Peru's President Alan Garcia Perez at dedication.
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, to inaugurate 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.The new Lima, Peru station marks Clean Energy’s first operations outside North America.

President Perez speaks at grand opening. Seated, from left: Jorge Rivera, General Manager, Energy Gas del Peru; Minister of Energy and Mines, Juan Valdivia Romero; Andrew Littlefair; (interpreter); US Ambassador to Peru, P. Michael McKinley.

“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 simultaneously, including filling five transit buses at the same time, or thousands of vehicles per day. It has the capacity to deliver over 40,000 gallons of natural gas daily,” Mr. Littlefair continued. “Today is just the beginning. We want to work with the Municipal and Federal Governments to add more stations for buses and trucks. This station is a model for Clean Energy del Peru stations to come. We hope to expand rapidly.”

Clean Energy (Nasdaq: CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, shuttle, taxi, trucking, airport and municipal fleet markets with more than 14,000 natural gas vehicles fueling 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.
Post a Comment