OSLO, NORWAY: Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in June 2020 with a global logistics customer to deliver renewable natural gas (RNG) and compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks.
Hexagon Agility received its tenth set of orders under this agreement, representing an estimated value of USD 8 million (approx. NOK 70 million). Total orders placed to date with delivery targeted in 2021 represent an estimated value of USD 88 million (approx. NOK 766 million).
“As we all continue to tackle the issue of climate change, it is encouraging to see this major global logistics customer prioritize RNG, a solution that works both environmentally and economically,” said Seung Baik, President of Hexagon Agility.
“According to the Natural Gas Vehicles for America and Coalition for Renewable Natural Gas, in 2020, a total of 646 million gallons of natural gas was used as transportation fuel, of which 345 million were RNG,” he added.