Clean Energy Fuels (CLNE) is a company that is well positioned to take advantage of the historically large gap between oil prices and natural gas prices. The high availability and low cost of natural gas have made it an economically viable industrial input alternative to oil. As a result, natural gas has been increasing in use as a transportation fuel, and has doubled in US vehicle use since 2000. Clean Energy Fuels is currently constructing America’s first Natural Gas Highway (ANGH), which will seek to take advantage of the trend towards natural gas as a fueling alternative.
The first stage of ANGH will be constructing 150 fueling stations across the US Interstate system. 70 of these stations will be open by the end of 2012, with the rest of the stations scheduled to be completed by 2013. These stations will provide super-cooled liquid natural gas, which is 400 times more compact than condensed natural gas.
