‘CNG Still Makes Environmental and Financial Sense’
TruStar Energy almost doubled the amount of compressed natural gas fueling stations it opened for private and public use in 2015, completing 41 such installations and bringing its corporate total to 120, the company, said this morning.
“The demand for public and private CNG fueling stations by fleet owners and operators across the U.S. is continuing to increase because the lower carbon fuel delivers more stable pricing, is a cleaner fuel than diesel and can still provide an attractive ROI for certain applications,” states a release.
“Despite the low price of oil, the transition to CNG still makes environmental and financial sense for many fleet owners,” TruStar president Adam Comora says in the announcement.
“We are seeing strong demand for CNG fueled vehicles and fueling stations in the refuse industry because of the financial benefits and by municipalities where sustainability is of paramount importance.
“With the right application, larger corporations that operate their own fleets are beginning to shift to CNG because the economics can still be supported and the abundant, domestically produced fuel shields them from the volatility of diesel prices, Comora said.
“With decades of experience in trucking and fueling, the company’s professionals are experts at designing and building CNG fueling stations that are ready on time, on budget and are swiftly profitable for their owners,” said TruStar GM Scott Edelbach.
‘Another Strong Year’
“For 2016,” TruStar said it sees “another strong year of construction revenue growth, expansion of TruStar Energy branded public locations and the continued roll out of a TruStar Energy national service platform.
“Based on our contracted pipeline, TruStar Energy will be approaching 80 million GGE (gasoline gallon equivalent) under long term service agreements by the end of 2016.”
But TruStar warned too, “Lack of a U.S.-wide CNG fueling infrastructure remains a challenge to wider adoption of CNG in the trucking industry.”
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Source: TruStar Energy with Fleets & Fuels follow-up