Co-Marketing program helps companies ramp up natural gas transportation solutions
Vancouver--A new joint marketing program aimed at heavy-duty trucking customers may mean investment opportunities for lenders. The program by Westport Innovations Inc and Clean Energy Fuels Corp provides on-board fuel storage, high-performance natural gas engines, and reliable fueling.
To encourage the use of natural gas vehicles and the establishment of the growing fueling infrastructure across North America, the companies will bundle the Westport™ LNG Tank System - optimized for use with the Cummins Westport ISL G or the new Cummins Westport ISX12 G engines - and a long-term fuel contract with Clean Energy into a package for qualified customers.
The program is designed to achieve the following goals:
• Deliver an attractive payback for truck customers utilizing the Cummins Wesport ISL G or ISX12 G engine with a Westport LNG Tank System
• Establish availability of long-term refueling contracts at a savings to diesel for Clean Energy customers
• Establish a strong market for natural gas trucks with additional conveniently located liquefied natural gas (LNG) fueling stations for customers
"We know that customers are looking for efficient solutions that will allow them to take advantage of the long term savings and environmental benefits that natural gas will bring for their fleets," said James Harger, Chief Marketing Officer, Clean Energy. "Collectively, we can help get them on the road quickly and economically, while building out America's Natural Gas Highway®."
Clean Energy has already completed 70 natural gas fueling stations as part of America's Natural Gas Highway®, which will allow long-haul trucks to travel across all major corridors through the United States, and has more stations in development.
The Westport LNG Tank System is currently available in limited quantities for customer trials, and can be ordered now with commercial quantities available in September 2013. It operates on either cold or warm LNG and is expected to provide customers with the ability to fuel even the largest spark-ignited engines on a single or dual 120 gallon tank, and deliver extended range and hold times while operating on cold LNG.
"The interest and demand is high for both the new Westport LNG Tank System and the Cummins Westport ISX12 G," said Steve Anderson, Vice President Business Development, Westport. "This collaborative program allows us to give customers a good opportunity to invest in the most advanced natural gas engine and fuel storage technology."
Westport Innovations Inc. is a Vancouver-based supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and renewable natural gas (RNG) fuels such as landfill gas and help reduce greenhouse gas emissions (GHG). Westport technology offers advanced LNG fueling systems with direct injection natural gas engine technology for heavy-duty vehicles such as highway trucks and off-road applications such as mining and rail.