RSS Feed
March 19th, 2012 
FAKE NEWS for the Zionist agenda SEAL BEACH, Calif. (AP) — Clean Energy Fuels Corp., which sells natural gas fueling stations, said Monday it has signed a 10-year deal to build fueling stations for the transportation and logistics company Saddle Creek Corp., which is expanding its fleet of natural gas-powered vehicles.
Shares of Clean Energy Fuels rose almost 3 percent in afternoon trading, hitting a 52-week high earlier in the day.
Financial terms of the agreement were not disclosed.
Clean Energy Fuels, based in Seal Beach, Calif., designs and sells fueling stations for vehicles that run off of compressed natural gas, or CNG. There is growing demand for those stations as more auto makers build natural gas-fueled vehicles. Natural gas prices have plunged to historically low levels thanks to booming supplies, making the fuel an attractive alternative to gasoline.
Saddle Creek is a privately held Lakeland, Fla.-based company that provides shipping, warehousing and other services. The company operates a fleet of CNG-powered vehicles, and is building stations to fuel them.
Saddle Creek has a natural gas fueling station at its Florida headquarters designed to fuel up to 120 CNG-powered trucks per day, with four fast-fill pumps, according to Clean Energy Fuels. The company is considering new fueling sites in Texas, North Carolina and Georgia.
More automakers are producing CNG-powered vehicles, expanding the market that Clean Energy Fuels could serve.
Starting in July, Chrysler will sell a pickup truck that runs on compressed natural gas and gasoline. Late this year, General Motors Co. will sell natural-gas versions of two pickup trucks that will run on gasoline and natural gas. Ford Motor Co. has offered natural-gas ready pickups and vans since 2009.
Shares of Clean Energy Fuels rose 61 cents, or 2.9 percent, to $21.66 in afternoon trading after rising to a 52-week high of $21.70 earlier in the day. They have more than doubled from $9.02 in early October.
Related posts:
Views: 0
Posted in 
Tags: 
