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Seal Beach-based Clean Energy offers 'green' investment

Six million shares of common stock are up for grabs.

BY OC METRO staffPublished: June 22, 2009

If you’re looking to add a “green” company to your investment portfolio, you’ll be interested in this morning’s announcement by Seal Beach-based Clean Energy.  The provider of natural gas for transportation throughout North America says it plans to offer 6 million shares of its common stock for sale to the public.

The company indicated in its announcement that it plans to use the net proceeds from the sale for projects that may include future acquisitions related to its core business. In addition to working capital, the company says the cash will fuel capital expenditures related to station construction activities, investment in its liquefied natural gas plants and biomethane production plant or future acquisitions of natural gas fueling infrastructure, vehicle or services businesses and biomethane production assets.

Clean Energy is a provider of natural gas (compressed natural and liquefied natural) 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 17,200 vehicles at 184 strategic locations across the U.S. and Canada. Clean Energy owns and operates two LNG production plants, one in Willis, Texas and one in Boron, Calif., 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 processing facility in Dallas that produces renewable biomethane gas for delivery in the nation’s gas pipeline network.

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