PARK RIDGE, NJ, Dec 16, 2010 (MARKETWIRE via COMTEX) -- The Hertz Corporation (NYSE: HTZ) has partnered with Clean Energy Fuels Corp. (NASDAQ: CLNE) to build, operate, and supply compressed natural gas (CNG) fueling stations at Hertz's Los Angeles Airport facility. In addition to supporting Hertz's expanding clean-burning CNG airport shuttle bus fleet the new Clean Energy CNG fueling station will be accessible to the public 24/7.
"Introducing CNG shuttle buses and fueling stations to support compressed natural gas is an integral part of Hertz's stewardship of the environment," commented Mark P. Frissora, Chairman and Chief Executive Officer, The Hertz Corporation. "Partnering with Clean Energy reinforces our mission to minimize the environmental impact from our operations and we're excited to be able to support our shuttle fleet while also allowing other airport entities access to the CNG station."
Costing less than diesel or gasoline, compressed natural gas fuel produces approximately 30% less greenhouse gas emissions in light-duty vehicles, and more than 23% lower greenhouse gas emissions in medium to heavy-duty vehicles. Department of Energy reports estimate that 98% of the natural gas consumed in the U.S. is sourced in the U.S. and Canada.
"Our partnership with Hertz will allow Clean Energy to build a much needed CNG station at Los Angeles Airport," said James Harger, Clean Energy Chief Marketing Officer. "The transition by the airport industry and allied services from diesel to natural gas for ground transportation is accelerating rapidly, in response to the need to curtail emissions, decrease fuel costs, and reduce dependence on imported oil and our partnership with Hertz will facilitate this transition to compressed natural gas."
The Hertz/Clean Energy CNG fueling station will be built adjacent to Los Angeles International Airport (LAX). The Hertz LAX facility will include public access fueling islands for local fleets of CNG taxis and shared-ride vans, plus hotel, parking, and rental car buses. A private Hertz island will be capable of fueling its internal fleet, simultaneously. Station construction is expected to begin in March and be completed by the third quarter of 2011. By 2015, Hertz expects to have transitioned its entire LAX transit bus fleet to clean, green, domestic CNG gas power.
Clean Energy also operates a large-volume, high-traffic LAX-adjacent public access CNG station that serves light, medium, and heavy-duty fleet vehicles in the area.
About Clean Energy Clean Energy (NASDAQ: CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 18,300 vehicles at 200 strategic locations across the United States and Canada. Clean Energy owns and operates two LNG production plants, one in Willis, TX and one in Boron, CA, with combined capacity of 260,000 LNG gallons per day and designed to expand to 340,000 LNG gallons per day as demand increases. It also owns and operates a landfill gas facility in Dallas, TX that produces renewable methane gas, or biomethane, for delivery in the nation's gas pipeline network. Clean Energy also owns BAF Technologies, Inc. of Dallas, TX, a leading provider of natural gas vehicle systems and conversion for taxis, limousines, vans, pick-up trucks and shuttle buses. Please visit www.cleanenergyfuels.com
About Hertz The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use airport car rental brand, operating from approximately 8,300 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold(R), Never Lost(R) customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. The Company also operates the global car sharing club, Connect by Hertz, in New York City, Berlin, London, Madrid and Paris. In addition, Hertz operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 325 branches in the United States, Canada, China, France and Spain.
To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.
SOURCE: The Hertz Corporation