Hexagon Agility received an order for the mobile pipeline® modules of Xpress Natural Gas LLC (XNG), one of the leading full-service providers of compressed and renewable natural gas in the United States. TITAN® 53 modules offer the highest capacity in North America and will serve multiple projects to communities and industries that do not have access to natural gas or that do not have sufficient pipeline capacity to meet anticipated demand.
This order represents a total estimated value of USD 8.0 million (approximately NOK 68 million).
“We were the launch customer of the TITAN from Hexagon Agility®53 and they were a game changer for us. The higher capacity and lower cost of ownership have allowed us to optimize our dispatch reliability and significantly reduce the number of trips required to serve our customers, ”said John Nahill, CEO and co-founder of XNG. “The partnership with Hexagon Agility has allowed us to provide exceptional customer service while promoting safety, reliability and reducing our own carbon footprint. “
About the market
Mobile pipeline® is vital to steer the energy transformation away from petroleum fuels into clean, renewable natural gas. Companies like XNG have been leaders in the industry, enabling customers without pipeline access to embrace natural gas and achieve their environmental goals. Natural gas is today an economical and low-carbon alternative energy. Renewable natural gas from organics is fully compatible with today’s mobile pipeline infrastructure and equipment and is rapidly being adopted to support the decarbonization of industrial operations and vehicle fleets. With over 1,700 mobile pipelines® modules now deployed worldwide, Hexagon Agility continues to set the standard for safety, reliability and performance.
“We appreciate our long partnership with XNG in driving the energy transformation. They were one of the pioneers of the mobile pipeline and operated their fleet on clean CNG, ”said Seung Baik, president of Hexagon Agility. “Our mutual success is the result of a shared common vision of Clean air everywhere. “
The modules are expected to be delivered in the fourth quarter of 2021.
For more information:
Karen Romer, SVP Communications, Hexagon Composites, Phone: +47 950 74 950 | [email protected]
Hiva Ghiri, VP Investor Relations, Hexagon Composites, Phone: +47 958 66 790 | [email protected]
About Xpress Natural Gas
Founded in 2011, XNG provides an alternative energy source for companies without access to a gas pipeline. By transporting compressed natural gas to the United States and Canada, XNG provides a consistent and reliable low-carbon energy source to its broad customer base. The company’s business model allows CNG to be delivered to more than 40 customer sites 24 hours a day, 365 days a year. As a leading supplier of CNG, the company is positioned for exponential growth in customer payouts throughout 2021 and beyond. For more information on Xpress natural gas: www.xng.com
About Hexagon Agility
Hexagonal agility®, a Hexagon Composites business, is one of the world’s leading providers of clean fuel solutions for commercial vehicles and gas transportation solutions. Its product offerings include natural gas storage and delivery systems, Type 4 composite natural gas cylinders, propane and natural gas fuel systems. These products carry clean gaseous fuels and allow vehicles to reduce their emissions while lowering operating costs. Learn more about www.hexagonagility.com and follow us on social media.
About Hexagon Composites ASA
Hexagon offers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transport and conversion to clean energy in a wide range of mobility, industrial and consumer applications.
Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn
This information is subject to disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Law.