Clean Energy to acquire Mansfield’s CNG fueling assets

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As part of a strategic partnership, Clean Energy Fuels Corporation will acquire Mansfield Energy Corporation’s CNG fueling station assets. The announcement, made jointly by the companies on May 7, is valued at about $20 million in cash and stock. CLNE is the leader in CNG and LNG fueling and natural gas vehicle fueling station construction and operation in the United States. Mansfield is the largest supplier of motor vehicle transportation fuels in North America.

Under the agreement, CLNE will acquire ownership of service and operations contracts Mansfield current holds at 43 locations as well as ownership of 20 new CNG fueling stations Mansfield is developing. These will be added to the almost 400 CNG and LNG stations that CLNE currently owns, operates, or acts as a supplier of natural gas to. Mansfield has built almost 180 natural gas fueling stations. Most of the Mansfield stations are private access stations serving the transit, refuse and government fleet sectors, although Mansfield also operates public access stations including stations operating under Mansfield’s Skyblu Smart Fuels brand.

The agreement calls for both Mansfield and Clean Energy to market CLNE’s CNG and LNG station construction, design, and operations services to current and prospective customers. Mansfield will provide support with its large-scale fuel supply capabilities and Gas-2-Gallons fuel management system, enabling CLNE to supply diesel at its CNG and LNG fueling stations. The companies will jointly identify and make submissions on RFPs for station construction, operation and fuel supply, and collaborate on invoicing and fuel tax processing. CLNE will also become the Western U.S. distributor of the Mansfield GESI FuelMaker home CNG fueling appliance.

The CLNE/Mansfield agreement follows prior strategic partnerships CLNE has entered into, including an agreement to co-locate CLNE LNG fueling infrastructure at Pilot Flying J truck stops in building CLNE’s America’s Natural Gas Highway, and an agreement to co-locate CLNE natural gas fueling stations at refuse disposal facilities operated by Covanta Energy Corporation.

Company Snapshots

Clean Energy

Mansfield

675+ Fleet customers 3,500 Fleet Customers
Almost 400 CNG and LNG stations in 32 states Supplies 18,000 locations at sites in all 50 states and all Canada provinces
8,600 Transactions per day 25,000 Transactions per day
31,000 NGVs fueled daily 2,000 Truckloads per day
195 Million GGE delivered in 2012  3 Billion gallons of fuel delivered per year

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