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Clean Energy, Ferus, GE Form Eagle

September 19, 2013 in Companies, LNG by Rich Piellisch  |  No Comments

Eagle LNG Born at HHP Summit, to Serve HHP Markets, and Trucks

Clean Energy Fuels, Ferus Natural Gas Fuels, GE Ventures and GE Energy Financial Services have formed Eagle LNG Partners to jointly deliver liquefied natural gas for long-haul trucking, as well as to customers in the rail, mining, marine, and oil and gas services sectors.

Ferus has the wherewithal to haul the gas, even operating LNG-fueled tractors like this Peterbilt 367.

Ferus has the wherewithal to haul the gas, even operating LNG-fueled tractors like this Peterbilt 367.

Their new consortium was announced at HHP Summit 2013 in Chicago, a natural gas-for-high horsepower event staged by Fleets & Fuels publisher Gladstein, Neandross & Associates.

“Through experience, technical capability and commercial expertise, Eagle LNG Partners will identify strategic U.S. locations to develop, own and operate LNG production projects,” says a joint announcement.

‘Complete LNG Solutions’

“The consortium is capable of providing its customers with complete LNG solutions including transportation and delivery, on-site storage, gasification and dispensing.”

“Eagle LNG Partners’ mission is to provide customers with technology and know-how to confidently make the switch,” said GE Energy Financial Services managing director John Shepherd.

  • Clean Energy brings experience in developing, constructing and operating micro-LNG plants;
  • Ferus offers tailored expertise in cryogenic and micro-LNG plants, “along with a deep understanding of cryogenic logistics that ensures an uninterrupted fuel supply;”
  • GE Ventures drives commercial and technical innovation; and
  • GE Energy Financial Services provides capital for energy projects.

Eagle LNG Partners says it’s considering projects in Florida, Washington, Colorado, North Dakota, Ohio and Texas, building on existing Clean Energy and Ferus plants and operations, as well as previously announced Clean Energy-GE LNG projects in the Northeast and Midwest, which are expected to be operational in late 2015.

‘Predictable Price, Certainty Redundancy of Availability’

“Our customers say they want LNG delivered to their point of consumption at a predictable price, with certainty and redundancy of availability,” said Ferus CEO Dick Brown.

“They want someone who has been in the business of owning and operating these plants, with the experience to facilitate the switch to natural gas, and who can deliver and dispense LNG safely and reliably without any disruption to operations.”

Sanjay Bishnoi is senior director for unconventional resources with GE Ventures.


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Source: HHP Insight at HHP Summit 2013 in Chicago

 

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