Clean Energy Fuels (CLNE) Expands LNG Fueling Partnership With Republic Services (RSG)

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08:45:09 pm on June 30, 2010

Clean Energy Fuels (CLNE) has signed a contract with Republic Services (RSG) that expands their relationship to include three Republic divisions in California through April 2015.  CLNE will be be providing 3.5 gallons of LNG fuel for these operations each year, reducing emissions by up to 23%. 

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CLNE CEO Andrew Littlefair commented:  “Republic is the nation’s second largest solid waste company and we are delighted to provide LNG fueling services to its expanding, natural gas-powered trash truck fleets in California. This is Clean Energy’s first large-scale LNG fuel delivery and station monitoring agreement with Republic that encompasses multiple sites. Solid waste companies throughout America are adopting natural gas fuel for both environmental and economic reasons, and we congratulate Republic for its demonstrated leadership in this movement.”

Shares of CLNE are up fractionally after hours and remain below the 200 day moving average.  However, the trading action has improved recently and the stock may be ready to begin carving out the right side of a new base. 

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