Established in 1995, Applied Natural Gas Fuels, Inc. (the “Company”) is one of two primary vehicle-grade liquefied natural gas (“LNG”) producers in the United States. Since its inception, the Company has grown to become a well-known competitor in the domestic LNG industry that specializes in natural gas vehicle solutions.
Company Overview
The Company produces, distributes, and sells LNG to transportation, industrial, and municipal markets in the western United States and northern Mexico. It offers turn-key fuel solutions to its customers, including delivery of clean LNG fuel, equipment storage, fuel dispensing equipment and fuel loading facilities. The Company processes LNG in its liquefaction processing plant (the “Plant”) located in Arizona. The Plant is one of the three primary LNG production facilities in the western U.S. with capacity sufficient to service retail, wholesale, and industrial end users. At some of the sites it supplies, the Company also offers a purified form of compressed natural gas (“CNG”). CNG is normally produced by compressing pipeline quality natural gas to a density that is approximately 40% of LNG. The Company produces CNG from LNG (“LCNG”) by vaporizing LNG at a high pressure at its retail fueling stations and at certain customer owned refueling sites. The Company also provides LNG and LCNG storage, fueling and delivery systems, and executes turn-key fuel solutions that include equipment leasing, station installations, safety and training, temporary fueling stations, and LNG and CNG consulting services.
In addition to the Plant and 24 cryogenic tank trailers, the Company also operates two public FleetStar fueling stations in Southern California from which it sells LNG and LCNG at retail to the public.
Currently, Southern California and its surrounding area is one of the largest markets in the U.S. for clean, vehicle-grade LNG. This market has been the focus of the Company’s efforts for over ten years. In recent years, various governmental agencies in California, Arizona and surrounding areas have enacted environmental and clean air regulations that have served to encourage fleet operators to convert portions of their vehicle fleets to cleaner fuel alternatives such as LNG. The Company sells substantially all of its LNG to municipal and other governmental agencies, as well as to commercial fleet customers (e.g. refuse companies, major ports, large municipal fleets, and other commercial trucking fleets). These customers typically own and operate their LNG powered vehicle fleets and fueling stations. The Company also sells LNG to industrial customers for non-vehicle use. The Company’s customers are located in the western United States and northern Mexico.
The Company’s primary customers in California are municipal fleets such as Orange County Transportation Authority city buses and garbage trucks, Cities of Barstow, Long Beach, Redlands, and San Bernardino, as well as commercial vehicles like those belonging to United Parcel Service in the Los Angeles area, and garbage-disposal fleets, including Burrtec Waste and Recycling, up and down the California coast.
Below is a short company video presentation. Click on screen below.
