Hexagon Composites receives USD 7.5 million in orders for CNG fuel tanks

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  • Orders from North American heavy duty and transit bus customers
  • USD 5 million is scheduled to deliver in first quarter 2016
  • Tuffshell all-composite fuel tanks are 70% lighter than steel

Hexagon Composites wholly owned subsidiary Hexagon Lincoln has received more than USD 7.5 million in new orders for delivery of Tuffshell compressed natural gas (CNG) fuel tanks. USD 5 million is scheduled to deliver in first quarter 2016. The orders are from North American heavy duty and transit bus customers and signal continuing strength in those markets.

Tuffshell compressed natural gas (CNG) fuel tanks

Tuffshell compressed natural gas (CNG) fuel tanks (source: Hexagon Lincoln)

Natural gas still remains the least expensive option

Since the onset of the North American shale gas revolution in 2008, natural gas prices have been lower than diesel and forecasts have them remaining stable over the next decade and beyond. Affordable and consistent energy costs are essential to fleets with fuel as a large part of their budgets.

“Recent headlines focused on oil price volatility have overshadowed the fact that natural gas still remains the least expensive option at the pump,” said Chet Dawes, Vice President of CNG Automotive Products. “We’re seeing the market reaffirm its commitment to natural gas vehicles (NGVs) and Hexagon Composites’ leadership position as a supplier.”

Tuffshell all-composite fuel tanks are 70% lighter than steel

Tuffshell all-composite fuel tanks are approx. 70 percent lighter than steel and can be found in buses, trucks, passenger vehicles, lawnmowers, and even go-karts. The tanks feature a high-strength carbon fiber and super-tough glass hybrid design which reduces impact damage and fatigue. An overwrap protects against abrasions.

Hexagon Lincoln was the first manufacturer to certify an all-composite Natural Gas Vehicle (NGV) container to the ANSI/CSA NGV2 standard. After 20 years of production, the company is still the world’s largest manufacturer of Type 4 pressure vessels.

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