08 July 2014
08 July 2014
Hexagon Lincoln has received an order valued at approximately US$ 11.8 million.
The company explains the order came from an existing North American client for TITAN compressed natural gas (CNG) modules to serve as mobile pipelines.
In addition to a reduced carbon footprint, Hexagon states it's estimated that the application is displacing more than 50% of its diesel fuel requirement, resulting in a significant reduction in fuel costs.
Hexagon explains the new TITAN order demonstrates how large-capacity, lightweight gas transportation makes economic sense. As industries move toward natural gas, access to pipelines is critical. Hexagon claims the TITAN line is ideal for businesses that require a large consumption of CNG at a high flow rate, but are not currently served by pipelines. It states large-capacity, lightweight gas transportation bridges this distance efficiently and cost effectively.
"Today you see CNG transportation by road trailer replacing conventional fuels," said Frank Häberli, Vice President Gas Distribution Products. "Our composite cylinders hold four times more and weigh 75% less than steel tubes. Businesses spend less money to haul more gas. They also see a faster return on their investment."
Delivery of the TITAN modules is scheduled for third quarter, 2014.
According to the confidentiality agreement with the customer Hexagon Composites is prevented from publishing the name of the company.