Seal Beach-based Clean Energy Fuels Inc. said Wednesday that it paid more than $14 million to buy a liquefied natural gas plant from Applied LNG Technologies USA LLC.
The Willis, Texas, plant, which can produce up to 100,000 gallons of natural gas per day, includes truck loading facilities and a 1 million-gallon storage tank.
Clean Energy also bought five tanker-trailers to deliver gas. Liquefied natural gas is chilled to a liquid form and then stored at low pressure for delivery.
Clean Energy, which provides natural gas for buses, police cars, trash trucks, taxis and other vehicles that use alternative fuels, was founded by legendary oilman T. Boone Pickens in the late 1980s.
Other investors in the privately held company include Westport Innovations Inc., Terasen Inc., both of British Columbia, and New York private equity firm Perseus LLC.
Clean Energy operates a network of fueling stations across the U.S. for providing compressed natural gas and its sister fuel in the liquefied form.
