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X3CNG Corp

X3CNG Acquires Two Colo CNG Stations

October 6, 2016 in CNG, Companies, Infrastructure by Rich Piellisch  |  No Comments

Italy-Based Company Takes Charge of Public-Access Facilities

X3CNG Corp, a unit of Italy’s X3Energy Group, reports the acquisition of two “Skyblu” compressed natural gas fueling stations in Colorado.

“X3CNG will own and operate the public fueling sites for local government, commercial and public customers,” states a release.

x3cng-logotight“The expansion into the U.S. market is consistent with our mission to grow in a dynamic market,” X3Energy Group CEO Giovani Baroni said in the Colorado announcement.

U.S. ‘Anchor’

“Our decision to enter this market leverages on the company’s core expertise as a leading supplier of natural gas and CNG stations developer/operator in Italy. These stations serve as an anchor to our planned growth plans in the U.S,” he said.

“The CNG market represents a tremendous opportunity in the U.S. as it addresses long-term sustainability goals and cost reduction objectives for fleets,” said X3CNG business development director James Mora.

“We are working with industry partners to develop an expanded network,” he said.

The two CNG stations are in Firestone and Greeley.

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Source: X3Energy/X3CNG with Fleets & Fuels follow-up

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