03 July 2012
03 July 2012
Through its wholly-owned subsidiary Lincoln Composites, Hexagon Composites has been awarded a new contract to supply 55 lightweight TITAN transport modules to SC Group in Thailand.
Hexagon explains that this represents the largest single TITAN contract to date for them and demonstrates the company's leading position in and commitment to Asia. They say SC Group is one of the leading providers of integrated logistics services in Thailand. The Thai state-owned oil and gas company PTT Public Company has recently contracted SC Group to transport CNG (Compressed Natural Gas) using the lightweight TITAN transport modules.
According to Hexagon the contract will generate strong activity in Lincoln Composites for Q3 2012 and they say that, on a global scale, Thailand represents the largest market for road transportation of natural gas from pipeline-connected mother stations to NGV fuelling daughter stations. Over 1,500 steel trailers presently operate in the country. With its significantly lighter weight and substantially larger transport capacity, the TITAN has proven to reduce fuel consumption by more than 60% compared with conventional steel trailer technology.
"The performance of TITAN ideally meets PTT's stringent demands to reduce the environmental footprint and cost of their gas distribution logistics. With TITAN trailer fleets already operating for Petronas in Malaysia and Petrovietnam, we consider this first order from Thailand as a major breakthrough in Asia, proving the competitiveness of the TITAN even against low-cost alternatives. We won this contract against strong Asian competition," says Frank Häberli, Vice President Sales of high pressure cylinders in Hexagon Composites.
"SC Group is proud to be the first TPL (Transport & Project Logistics) carrier in Thailand to use TITAN modules. The TITAN modules are lightweight, safe and cost effective. This helps to reduce fuel consumption and reduce the impact on the environment," says Nuttaphob Ratanasuwanthawee, Chairman and President of SC Group.
Hexagon explains that TITAN gas transportation modules contain the world largest type 4 cylinders, with each unit designed for 8,500 litre water capacity and 250 bar service pressure, made by Lincoln Composites in the United States. The modular design approach allows movement of up to 13,500 scm of natural gas on a 40 ft. trailer with a gross weight of less than 30 metric tons. The TITAN operates today in Asia and South America.
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