Fuel from Gaz Métro, Money from GE Capital for Eastern Canada
Montreal-based Gaz Métro Transport Solutions and GE Capital, Canada have disclosed a strategic agreement they say “will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada.”
Under the agreement, fleet operators will be able to work with GMTS for natural gas supply and purchase and, separately, with GE Capital to secure loans or leases for natural gas vehicles. The firms are extending fueling and financial support for both – CNG/compressed natural gas- and liquefied natural gas-fueled trucks.
“As someone with nearly a decade of experience in the transportation industry, I understand how critical it is for fleet operators to reduce their fuel costs,” Véronique Haché, strategic initiative leader for natural gas vehicles at GE Capital, said in a release.
“To remain competitive, they need to cut 3%-5% annually just to keep up with the market,” she said. “Transitioning to natural gas is a smart way to diversify their fuel portfolios and reduce those costs…
“We’re giving trucking company leaders the financial motivation to make the shift from diesel to nat-gas.”
“This agreement reinforces GMTS’s turn-key approach by adding a financial partner to accompany the fleet operators in their transition to natural gas,” GMTS board president Luc Génier said in the joint announcement.
Five GMTS Stations Now with a Sixth to Come
“We are confident that combining our respective expertise will have a positive effect on the adoption of natural gas as a fuel for the trucking industry in Eastern Canada,” Génier said.
GMTS operates five “Blue Road” LNG fueling stations in Canada, including public access stations in Lévis and Sainte-Julie in Quebec, and in Cornwall, Int.
A fourth station to open in Rivière-du-Loup, Que. will continue the route towards Gaspésie and the Eastern provinces.
Sylvain Langis is fuel market sales director at Gas Métro.
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Source: Gaz Métro and GE Capital, Canada with Fleets & Fuels follow-up