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Tuesday, August 9, 2011

Chesapeake - Clean Energy Fuels Partnership: America's Natural Gas Highway

Link here.

From SeekingAlpha.com's transcript of Clean Energy Fuels' conference call on 2Q11 earnings:
One of our biggest accomplishments so far this year, is obtaining Chesapeake Energy’s $150 million investment in Clean Energy that will allow us to accelerate the formation of America’s Natural Gas Highway. 
Some data points:
  • Backbone of the corridor: 150 natural gas stations
  • Major corridors involved: I-10, I-5, I-40 and I-95 (not said on conference call, but I assume in California, Nevada)
  • 250-mile separation
  • Utilize many Flying J locations
  • Clean Energy's Northstar subsidiary will play a major role in constructing the stations
National Fleet Program:
  • Completing permitting on LNG station in Las Vegas; anchored by 48 UPS trucks
  • Beginning to fuel the Dillon transport fleet in Dallas
  • Also, Owens Corning in Chicago
  • Expect to expand in Ohio 
  • Coca-Cola and Pepsi: adding 50 vehicles for operations in Texas and California

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