Heeding a Clarion Call by Customers, Tenaska Sets Up Tenaska NG Fuels
Omaha’s Tenaska, an independent energy company with 26 years in the business, has seen the writing on the wall and has launched Tenaska NG Fuels as a new business entity to support customers wishing to make the change to natural gas. TNG Fuels is targeting trucking, mining, railroad, marine and energy exploration and production outlets.
Environmental pressures and economic interests coincide in favor of natural gas, says Doug Clark, the former president of Omaha’s Municipal Utilities District now heading TNG Fuels as a corporate VP at Tenaska.
“This market’s going to grow and it needs partners like Tenaska,” Clark says. “We can own, operate, manage the facilities,” he says, for processing natural gas, distributing it, and dispensing it.
“We can build, own, operate, finance,” he says. “We can manage the upstream and downstream supply chains.”
CNG and LNG
“Mining, drilling and rail will be high priorities,” Clark told F&F. Road vehicles too, as at the District in Omaha, Clark oversaw the conversion of a fleet of 200 cars and trucks from gasoline and diesel fuel to CNG “and the development of the infrastructure required to support it,” states Tenaska release, “including several public fueling stations.”
Clark also serves as the current chairman of NGVAmerica, the U.S. natural gas vehicles association.
TNG Fuels will handle both compressed natural gas and liquefied natural gas, he says.
“TNG Fuels will leverage Tenaska’s energy marketing expertise and its 26 years of project development and commercial financing experience to assist utilities and customers in the trucking, mining, railroad, vessel and other transportation industries to realize cost savings and meet new and changing environmental regulations,” states a company release.
Tenaska Even Has a Biofuels Arm
“TNG Fuels also plans to help customers, manage commodity risk, build commercial arrangements and strategically site, develop and finance production and distribution facilities.”
“Tenaska is well-equipped to meet the needs of this expanding natural gas fuels market,” said company vice chairman and CEO Jerry Crouse. “We have customers that have looked to us for these services.
“What the industry needs and what we have to offer are a great match – natural gas pipeline and downstream logistics expertise, a strong record of energy project siting and development, and a commitment to customer service in a credit-worthy package.”
Tenaska has regional offices in Dallas, Denver, Pittsburgh and Calgary and Vancouver, and based on 2011 revenues was ranked by Forbes magazine as 35th among the privately held U.S. companies.
Tenaska BioFuels, a renewable fuels and agricultural commodities marketing affiliate, operates across the U.S. and in 17 countries, handling downstream logistics (rail, truck and vessel) for a variety of biofuels producers and agricultural commodity processors.
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Source: Tenaska with Fleets & Fuels follow-up