07 August 2012
07 August 2012
Lincoln Composites has been awarded orders totalling approximately USD 3.5 million (NOK 21 million) to supply lightweight TITAN transportation modules to NG Advantage and LNG Energy Solutions in the US.
These are the company's first TITAN orders in the North American market. "The first TITAN(TM) orders to the North American market represent a major milestone for us", says Chet Dawes, Sales Director North America. "TITAN has opened up the domestic CNG supply market and allows our customers to take advantage of the same operational cost savings we have seen demonstrated in other areas of the world."
The US Department of Transportation (DOT) awarded Lincoln Composites a special permit in February of this year to allow use of TITAN transportation modules in the US. Lincoln says the market interest in natural gas as an alternative energy source is rapidly growing due to the large price difference between natural gas and oil. Even with significant pipeline networks in the US, there are still many commercial operations located off the pipeline grid that will realise significant cost savings by switching to natural gas for their power generation needs.
NG Advantage is a Vermont company delivering natural gas to large industrial, commercial and institutional customers currently not served by pipelines. NG Advantage expects to load the TITAN trailers with CNG (Compressed Natural Gas) for delivery to large fuel users such as factories and food processors throughout Vermont and adjacent New York, New Hampshire, and Southern Maine. NG Advantage was the first US company to place an order with Lincoln Composites for TITAN trailers.
LNG Energy Solutions is a Pennsylvania company formed to take advantage of rapidly growing shale gas resources and provide long-term gas supply to customers currently off the infrastructure grid. Traditionally LNG (Liquefied natural gas) has been used by LNG Energy Solutions to transport gas to their clients' industrial needs but with TITAN trailers, it says this process can be simplified with the use of CNG, in many cases, instead of LNG making the delivery even more cost efficient for a broader scope of delivery need.
Lincoln explains that it makes TITAN gas transportation modules in the US and that they contain the world's largest Type 4 cylinders. Each module is designed for 8,510 litre water capacity and 250 bar (3,600 PSI) service pressure. This allows for almost 9,500 litre diesel equivalent (over 2,500 gallon DGE) of fuel. The modular design approach allows movement of up to 10,200 SCM (355,000 SCF) of natural gas on a 40 ft. trailer with a gross weight of less than 30 metric tons (66,000 pounds). With its significantly lighter weight and substantially larger transport capacity, Lincoln says the TITAN has proven to reduce operational fuel consumption by more than 60% compared with conventional steel trailer technology.
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