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Company Description

Contact Info

4675 MacArthur Court

Suite 800

Newport Beach, CA 92660

United States

Phone: 949-437-1000

Fax: 949-724-1397

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company’s principal business is supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) (RNG could be delivered in the form of CNG or LNG) for light, medium and heavy-duty vehicles and providing operation, repair and maintenance (O&M) services for vehicle fleet customer stations. As a solution provider, the company also designs, builds, operates, services, repairs and maintains fueling stations, manufactures, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations, offers assessment, design and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transports and sells CNG to large industrial and institutional energy users who do not have direct access to natural gas pipelines, process and sells RNG, sell tradable credits the company generates by selling natural gas and RNG as a vehicle fuel, including LCFS Credits and RIN Credits, and helps its customers acquire and finance natural gas vehicles and obtains federal, state and local tax credits grants and incentives. The company targets customers in various markets, including heavy-duty trucking, airports, refuse, public transit, industrial and institutional energy users and government fleets. As of December 31, 2015, the company served approximately 986 fleet customers operating approximately 44,152 natural gas vehicles, and the company owned, operated or supplied approximately 570 natural gas fueling stations in 42 states in the U.S. and in British Columbia and Ontario in Canada. Products and Services CNG Sales: The company sells CNG through fueling stations and by transporting it to customers that do not have direct access to a natural gas pipeline. CNG fueling station sales are made through stations located on its customers' properties and through its network of public access fueling stations. At these CNG fueling stations, the company procures natural gas from local utilities or third-party marketers under standard, floating-rate arrangements and then compress and dispenses it into its customers' vehicles. The company’s CNG fueling station sales are made primarily through contracts with its customers. Additionally, the company’s subsidiary, NG Advantage, uses a fleet of 54 high-capacity tube trailers to deliver CNG to large institutions and industrial energy users, such as hospitals, food processors, manufacturers and paper mills that do not have direct access to natural gas pipelines. LNG Production and Sales: The company obtains LNG from its own plants and from third party suppliers. The company owns and operates LNG liquefaction plants near Houston, Texas and Boron, California, which it calls the Pickens Plant and the Boron Plant, respectively. The Pickens Plant has the capacity to produce 35 million gallons of LNG per year and includes tanker trailer loading facilities and a 1.0 million gallon storage tank that could hold up to 840,000 usable gallons. The Boron Plant is capable of producing 60 million gallons of LNG per year and has tanker trailer loading facilities similar to the Pickens Plant and a 1.8 million gallon storage tank that could hold up to 1.5 million usable gallons. During 2015, the company purchased 43% of its LNG from third-party suppliers and the company produced the remainder of its LNG at the Pickens Plant and the Boron Plant. The company sells LNG on a bulk basis to fleet customers who often own and operate their fueling stations, and the company also sells LNG to fleet and other customers at its public-access LNG stations. The company also sells LNG for non-vehicle purposes, including to customers that use LNG in oil fields or for industrial or utility applications. The company delivers LNG via its fleet of 84 tanker trailers to fueling stations, where it is stored and dispensed in liquid form into vehicles. The company typically owns the tanker trailers and the company contracts with third parties to provide

 

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