Westport Innovations and Clean Energy Fuels Look to Benefit as Chesapeake Collaborates With GE on an at Home Refueling Appliance
The Paragon Report Provides Stock Research on Westport Innovations and Clean Energy Fuels
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/29/12 -- The emergence of "fracking" has cause natural gas production in the U.S. to sky rocket in 2012, and subsequently caused prices to drop to a decade-low in April. The current supply glut of natural gas has caused companies to increase their focus on the transportation sector as an alternative market for the commodity. The Paragon Report examines investing opportunities in the Transportation Sector and provides equity research on Westport Innovations Inc. (NASDAQ: WPRT) (TSX: WPT) and Clean Energy Fuels Corp. (NASDAQ: CLNE).
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Currently natural gas costs approximately $1.50 to $2 less per gallon than gasoline and diesel. A major hurdle preventing the widespread adoption of natural gas vehicles have been access to the necessary infrastructure. Chesapeake Energy has announced that it is collaborating with General Electric and Whirlpool to create a $500 appliance which will allow vehicle owners to refuel their CNG cars at home.
"It's simply a matter of time before the U.S. meaningfully shifts from transportation systems built around consuming high-priced oil to consuming low-priced domestic natural gas," Chesapeake CEO Aubrey McClendon wrote to investors this year.
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Wesport Innovations recently unveiled their new LNG Tank System, which is optimized for spark ignited (SI) engines. The new tank allows SI engines to run on a single-tank, and reduces costs and weight dramatically. "We believe this is the only on-board fuel system for LNG-fueled engines that can operate on a single tank using range-extending cold LNG," said Steve Anderson, Westport HD V.P. of Business Development.
Clean Energy Fuels earlier this month announced that it will collaborate with GE to expand the infrastructure for natural gas transportation in the U.S. The company will borrow up to $200 million from GE to purchase two ecomagination-qualified MicroLNG plants from GE Oil & Gas. Each of the plants will have a capacity to produce 250,000 gallons of LNG per day, with an option to expand to 1 million gallons per day.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 29.11.2012 - 13:20 Uhr
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