Tuesday, October 9, 2012

GE, Chesapeake Offer 'CNG In A Box' For Gas Stations

Yahoo via IBD ^ | 8 Oct 2012 | KEVIN HARLIN

General Electric (GE) and natural gas supplier Chesapeake Energy (CHK) have partnered on a "CNG in a Box," an all-in-one package that allows convenience stores and gas stations to add a pump for compressed natural gas. CNG, a cleaner-burning fuel than gasoline or diesel, is about $1.50 cheaper than the equivalent amount of gas, thanks to huge domestic reserves. The fuel is being embraced by fleets — about 40% of trash trucks sold in the U.S. last year ran on natural gas. But very few consumer vehicles run on the cheap, plentiful fuel in part because of the higher costs of the cars and sparse network of fueling stations. Proponents are hopeful that expanded fueling networks will spur CNG auto demand, which in turn will encourage more stations to set up CNG pumps...

(Excerpt) Read more at news.investors.com ...

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