Westport Innovations said Tuesday it reached an agreement with Caterpillar to use natural gas technology for mining trucks and locomotives. Terms of the deal were not disclosed. The Vancouver-based company makes direct injection, natural gas technology for heavy-duty vehicles. “The substantial price difference between natural gas and diesel fuel is resulting in a strong financial incentive to enable off-road applications to take advantage of low natural gas energy costs without sacrificing operational performance,” said David Demers, chief executive officer of Westport Innovations. Read more: http://www.foxbusiness.com/markets/2012/06/05/caterpillar-westport-team-up-on-natgas-vehicles/#ixzz1wvszEJsH
NGV tipping point
Sign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.
Engine manufacturers, natural gas producers and fuel distributors have been “pushing” the financial and environmental benefits their technology offers, but some industry leaders are now seeing significant “market pull.”
The fuel cost differential that has emerged between natural gas and diesel or gasoline is perhaps the most compelling aspect of the natural gas vehicle business case. Navistar Engine Group President Eric Tech told Breaking Energy that it’s not hard to convince customers to save money. Keep reading →
