GE, Shell Sign Agreement to Facilitate Shift to Natural Gas Vehicles
GE Capital, Canada has signed a commercial agreement with Shell Canada Products aimed at facilitating the trucking industry’s adoption in Canada of liquefied natural gas.
Under this agreement, GE Capital and Shell will work together to reduce monthly payments for truck fleets that lease natural gas vehicles (NGVs). Specifically, fleets owners can sign natural gas fueling contracts with Shell and, separately, secure leases for LNG vehicles with GE Capital. The agreement covers equipment that will purchase fuel from Shell’s facilities.
In general, LNG is used for vehicles that undertake long hauls, while compressed natural gas is used for those that undertake shorter hauls.
Last month Ford announced it will offer the 2016 F-150 with an available gaseous-fuel prep package that enables 5.0-liter V8-powered models to run on compressed natural gas or propane. Ford says it is the only manufacturer of a CNG/propane-capable half-ton pickup.
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