Hexagon Composites' wholly-owned subsidiary Agility Fuel Solutions has signed an exclusive long-term agreement with New Flyer Industries Canada ULC and New Flyer of America Inc. (collectively, "New Flyer") for the supply of compressed natural gas (CNG) cylinders for transit buses.
"We are pleased to continue our partnership with Agility to deliver clean fuel technologies, and improve the value proposition for our customers," says David White, Executive Vice President of Supply Management, NFI Group Inc. (NFI). "Over the course of our 25-year relationship, we have delivered more than 13,000 CNG equipped buses with Agility, which over their useful lives will reduce CO2 emissions by approximately 4.4 million metric tons compared to diesel."
The North American CNG transit bus market continues to grow steadily due to the environmental benefits and operating cost savings of CNG. About 35% of new transit bus orders are powered by natural gas.
"Emission from heavy-duty diesel vehicles are a major contributor to urban air pollution," says Chet Dawes, Senior Vice President - Cylinders & Europe, Agility. "Compressed natural gas (CNG) is one of the cleanest burning fuels available. We're happy to be a partner with New Flyer in delivering clean air to the communities where these fleets operate."
The multi-year agreement represents an estimated overall delivery value of USD 75 million (approximately NOK 640 million).