GE Capital, Canada and Gaz Métro Transport Solutions, a Gaz Métro unit, signed a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada.
Under this agreement, fleet operators will work with GMTS for natural gas supply and purchase and, separately, with GE Capital to secure loans or leases for natural gas vehicles. NGVs that are eligible under this agreement use either compressed natural gas or liquefied natural gas, Gaz Metro said in a statement.
Fleet operators turn to running their vehicles on natural gas as natural gas costs up to 30% less than diesel and fuel amounts to as much as 40% of a trucking company’s expenses. Furthermore, natural gas engines allow trucking companies to reduce their environmental footprint because natural gas emits up to 25% less greenhouse gas than diesel.
LNG World News Staff