CNG Cylinders for New NGV Model to Total Some $18 Million
Norway’s Hexagon Raufoss has been named as the supplier of lightweight Type IV compressed natural gas fuel cylinders for a new natural gas vehicle that’s enter the European market during the second half of 2016, parent Hexagon Composites reports.
Initial deliveries are planned for the end of the second quarter of 2016, “and the program is scheduled to run for up to seven years,” states a release.
The estimated overall delivery value is approximately $18 million U.S. or 150 million Norwegian kroner.
“This is a new customer to Hexagon Raufoss,” managing director Ragnar Holthe says in his company’s announcement. “We are very pleased to enter into a long-term agreement with them.”
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Source: Hexagon Composites with Fleets & Fuels follow-up