Clean Energy Fuels, Ferus Natural Gas Fuels, GE Ventures and GE Energy Financial Services have announced a new consortium to develop LNG projects and deliver it to US customers called Eagle LNG Partners.
The consortium will develop regional LNG projects to supply cleaner and less expensive fuel to industries like long-haul trucking, rail, mining, marine, and oil and gas services.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
It intends to develop, own and operate LNG production projects, and also plans to provide complete LNG solutions for customers with regards to transportation and delivery, on-site storage, gasification and dispensing.
Eagle LNG Partners plans to develop projects in Florida, Washington, Colorado, North Dakota, Ohio and Texas. The projects will complement the existing Clean Energy and Ferus Natural Gas Fuels plants and operations, as well as Clean Energy-GE LNG projects in the Northeast and Midwest, which are expected to commence operations in late 2015.
Clean Energy will develop, construct and operate micro-LNG plants, while Ferus Natural Gas Fuels will offer tailored expertise in cryogenic and micro-LNG plants. GE Ventures will focus on commercial and technical innovation, and GE Energy Financial Services will provide necessary capital for energy projects.
Ferus Natural Gas Fuels CEO Dick Brown said that customers expect regular delivery of LNG to their point of consumption at a predictable price.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"They want someone who has been in the business of owning and operating these plants, with the experience to facilitate the switch to natural gas, and who can deliver and dispense LNG safely and reliably without any disruption to operations," Brown added.
Clean Energy president and CEO Andrew J Littlefair said that major companies in the long-haul trucking business have announced over the last few months their intentions to convert their own fleets, or the third-party trucks that move their products to natural gas.
"Along with recent announcements by rail and marine companies, it’s easy to understand the need for a significant increase in LNG supply in the United States. We are now joining with our partners to help meet that demand," Littlefair said.
