CNG

VoltaGrid Secures Long-Term Capital Via a Combination of $550 Million Term Loan and $210 Million of Equity

Retrieved on: 
Monday, March 4, 2024

In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.

Key Points: 
  • In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.
  • The Credit Facility includes support from BMO Capital Markets, The Toronto-Dominion Bank, National Bank of Canada, Scotiabank and Cadence Bank.
  • Lastly, VoltaGrid is pleased to announce the closing of its follow-on equity raise of $210 million, which closed in the third quarter of 2023 and included investments from Longbow Capital Inc. (“Longbow”), CPP Investments and other strategic equity investors.
  • BMO Capital Markets Corp. and National Bank Financial Markets acted as Co-Lead Arrangers and Bookrunners and Bank of Montreal as Administrative Agent for the Credit Facility.

IVECO to supply 178 sustainable trucks to DHL in Germany

Retrieved on: 
Thursday, February 29, 2024

IVECO, the brand of Iveco Group (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, has received an order for the supply of 178 S-Way CNG (Compressed Natural Gas) trucks to the Post & Parcel Germany division of DHL.

Key Points: 
  • IVECO, the brand of Iveco Group (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, has received an order for the supply of 178 S-Way CNG (Compressed Natural Gas) trucks to the Post & Parcel Germany division of DHL.
  • The order will expand DHL's sustainable fleet, furthering their commitment to reducing their carbon footprint and contributing to the decarbonisation of road transport.
  • The new trucks will be primarily used for inter-hub transport at DHL parcel centres, customer pick-ups, and urban deliveries to post offices.
  • The IVECO S-Way CNG trucks are equipped with Cursor engines from FPT Industrial – the Iveco Group brand specialised in low-environmental impact powertrains – that can be powered by bio-CNG.

Hexagon Agility receives orders for Class 8 series trucks piloting the new Cummins X15N CNG engine

Retrieved on: 
Monday, February 26, 2024

The orders come in addition to existing pilots that are already on the road with Hexagon Agility fuels systems.

Key Points: 
  • The orders come in addition to existing pilots that are already on the road with Hexagon Agility fuels systems.
  • As of February, Kenworth Truck Company, one of the top three truck OEMs in North America, is the first to open its order books for trucks powered by the Cummins X15N engine.
  • Kenworth and Cummins have stated that trucks equipped with the X15N engine will be in serial production by mid-2024 with initial deliveries expected early in the third quarter.
  • “The launch of the Cummins X15N, 15-liter engine will triple the addressable market for heavy-duty natural gas trucks over the next few years,” says Eric Bippus, EVP Sales and Systems, Hexagon Agility.

Wing Fuel Systems Announces EPA Certification For CNG GM 2.7L Adding to Industry Leading Certification Portfolio

Retrieved on: 
Thursday, March 7, 2024

Wing Fuel Systems announces certification of conformity with the Clean Air Act for the CNG/RNG Chevy Colorado and GMC Canyon.

Key Points: 
  • Wing Fuel Systems announces certification of conformity with the Clean Air Act for the CNG/RNG Chevy Colorado and GMC Canyon.
  • The new EPA-certified dual fuel solution enables fleets to immediately order CNG/RNG systems on the popular and affordable pickups for the 2023 and 2024 model years.
  • “A CNG pickup under $48,850,” said Shan Zaidi, CEO of Wing Fuel Systems.
  • Additionally, Wing can upfit existing fleet vehicles or vehicles purchased directly by customers with a CNG system.

AG&P LNG Acquires 49% Stake in Fully Constructed Cai Mep LNG Terminal in South Vietnam, Developed by Hai Linh Company Limited

Retrieved on: 
Thursday, March 7, 2024

SINGAPORE, March 7, 2024 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of Nebula Energy, announced today that it has acquired a 49% stake in Cai Mep LNG Terminal located in Vũng Tàu district in South Vietnam. Fully constructed, the Cai Mep LNG Terminal was developed by Hai Linh Company Limited, a prominent petroleum product import terminal and trader in Vietnam.

Key Points: 
  • Fully constructed, the Cai Mep LNG Terminal was developed by Hai Linh Company Limited, a prominent petroleum product import terminal and trader in Vietnam.
  • The Cai Mep LNG Terminal has pipeline connectivity to Vietnam's largest power generation complex, the Phu My industrial zone, with a gas-fired capacity of 3.9 GW.
  • AG&P LNG team has already worked closely with the Cai Mep LNG Terminal team to operationalize the terminal by Q3 2024.
  • We are very excited to welcome AG&P LNG as our shareholder in our Cai Mep LNG Terminal Company.

AG&P LNG Acquires 49% Stake in Fully Constructed Cai Mep LNG Terminal in South Vietnam, Developed by Hai Linh Company Limited

Retrieved on: 
Thursday, March 7, 2024

SINGAPORE, March 7, 2024 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of Nebula Energy, announced today that it has acquired a 49% stake in Cai Mep LNG Terminal located in Vũng Tàu district in South Vietnam. Fully constructed, the Cai Mep LNG Terminal was developed by Hai Linh Company Limited, a prominent petroleum product import terminal and trader in Vietnam.

Key Points: 
  • Fully constructed, the Cai Mep LNG Terminal was developed by Hai Linh Company Limited, a prominent petroleum product import terminal and trader in Vietnam.
  • The Cai Mep LNG Terminal has pipeline connectivity to Vietnam's largest power generation complex, the Phu My industrial zone, with a gas-fired capacity of 3.9 GW.
  • AG&P LNG team has already worked closely with the Cai Mep LNG Terminal team to operationalize the terminal by Q3 2024.
  • We are very excited to welcome AG&P LNG as our shareholder in our Cai Mep LNG Terminal Company.

US Commercial Vehicle Market Grew 14 percent in 2023, according to S&P Global Mobility

Retrieved on: 
Thursday, February 29, 2024

Source: S&P Global Mobility US commercial vehicle registration data, 2022-2023

Key Points: 
  • Source: S&P Global Mobility US commercial vehicle registration data, 2022-2023
    Alternative fuel vehicles, electric and hybrid powertrains are popular options for light-duty commercial vehicles while compressed natural gas (CNG) and electric are becoming popular alternative options for heavy-duty commercial vehicles.
  • Electric cargo vans continue to trend in last-mile delivery applications, especially with fleets such as Amazon, Walmart, Penske, and FedEx.
  • There were more than 14,000 EV cargo vans registered in 2023, according to the analysis, led by substantial growth from Rivian.
  • In addition, electric pickup launches expected from Chevrolet and Ram should contribute to the EV and electrified vehicle sales boom.

Hexagon Agility receives orders for Class 8 series trucks piloting the new Cummins X15N CNG engine

Retrieved on: 
Monday, February 26, 2024

The orders come in addition to existing pilots that are already on the road with Hexagon Agility fuels systems.

Key Points: 
  • The orders come in addition to existing pilots that are already on the road with Hexagon Agility fuels systems.
  • As of February, Kenworth Truck Company, one of the top three truck OEMs in North America, is the first to open its order books for trucks powered by the Cummins X15N engine.
  • Kenworth and Cummins have stated that trucks equipped with the X15N engine will be in serial production by mid-2024 with initial deliveries expected early in the third quarter.
  • "The launch of the Cummins X15N, 15-liter engine will triple the addressable market for heavy-duty natural gas trucks over the next few years," says Eric Bippus, EVP Sales & Systems Development, Hexagon Agility.

Bus Rapid Transit System Global Market Report 2024 - Market Poised for Strong Growth Amid Smart City Initiatives and Climate Change Mitigation Efforts

Retrieved on: 
Thursday, February 22, 2024

DUBLIN, Feb. 21, 2024 /PRNewswire/ -- The "Bus Rapid Transit System Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 21, 2024 /PRNewswire/ -- The "Bus Rapid Transit System Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
  • The bus rapid transit system market size is expected to see strong growth in the next few years.
  • The increasing demand for sustainable transportation stands as another influential factor fueling the growth of the bus rapid transit system market.
  • Local opposition poses a substantial constraint on the projected growth of the bus rapid transit system market within the forecast period.

Charter Next Generation Introduces Stretch Hood Film with 20% Post-Consumer Recycled Content

Retrieved on: 
Tuesday, February 13, 2024

CHICAGO, Feb. 13, 2024 /PRNewswire/ -- Charter Next Generation (CNG), a leading innovator in sustainable film, is proud to announce the expansion of its Titanium 5™ Stretch Hood film line to include Titanium 5P™ with 20% post-consumer recycled content (PCR).

Key Points: 
  • CHICAGO, Feb. 13, 2024 /PRNewswire/ -- Charter Next Generation (CNG), a leading innovator in sustainable film, is proud to announce the expansion of its Titanium 5™ Stretch Hood film line to include Titanium 5P™ with 20% post-consumer recycled content (PCR).
  • The new film is road-tested and delivers the same or better performance than traditional film while contributing to the attainability of environmental goals.
  • The Titanium film line is designed with sustainability in mind and offers superior load containment, UV protection and all-weather protection as well as condensation control.
  • "The introduction of Titanium 5P™ underscores Charter Next Generation's commitment to environmental stewardship," said Neil Weisensel, Director of Marketing for CNG.