Clean Energy: plans expansion of LNG fueling network

| 8/25/2011

As diesel prices continue to fluctuate, one company, Clean Energy Fuels Corp., is working to expand its alternative fuels network by providing truck drivers with another fueling source to power their trucks – liquefied natural gas, or LNG.

Bruce Russell, spokesman for Clean Energy based in Seal Beach, CA, told Land Line on Thursday, Aug. 25, that the company has received $300 million in the past few months to develop LNG fueling stations across the country to “ensure that natural gas fuel is available as more vehicles come into the market.”

The latest investors include Springleaf Investments, Lionfish Investments, and Greenwich Asset Holding. Chesapeake Energy Corp. invested $150 million in Clean Energy in July.

Russell said Clean Energy now has 248 fueling stations operating now, including the first long-haul LNG station, which recently opened in Baytown, TX. He said the plan is to expand its national fueling network to “100-plus more long-haul trucking (stations) over the next couple of years.”