General Electric Co. (NYSE: GE) and Clean Energy Fuels Corp. (NASDAQ: CLNE) have announced a collaboration to expand the infrastructure for natural gas transportation. As it turns out, the agreement was signed on November 7 as part of a credit agreement for Clean Energy to borrow up to $200 million to finance the development, construction and operation of two liquefied natural gas production facilities with an expected production capacity of approximately 250,000 LNG gallons per day at each facility.
The pact supports Clean Energy’s push toward the natural gas highway coast to coast and border to border. The current pricing claim is that truck fleets can often reduce their fuel costs by more than 25% and generate lower emissions with LNG.
Clean Energy Fuels initially will purchase two ecomagination-qualified MicroLNG plants from GE Oil & Gas. The plug-and-play modular units will support fueling stations along critical transportation corridors that…
View original post 194 more words