April 27, 2022: Hexagon Agility signed a multi-year agreement in March 2021 with Certarus Ltd, North America’s leading full-service bulk gas transportation provider, to supply distribution modules for natural gas (renewable) applications (RNG) and compressed natural gas.
Hexagon Agility has received an order for Mobile Pipeline® TITAN® 4 and TITAN® 53 modules under this agreement. The order represents a total estimated value of 17.6 million USD (approx. NOK 162 million).
The new modules will primarily be used to supply RNG to market, support helium service and provide critical utility support to regions without gas supply or infrastructure.
“There is a growing need for mobile power distribution as the demand for low carbon fuels exceeds the capacity of existing pipeline infrastructure. Remote operations want access to cleaner-burning natural gas, local utility providers need additional capacity to meet peak demand periods, and producers of low- or zero-emission fuels like hydrogen, RNG and helium need cost effective and reliable market access solutions,” said Curtis Philippon, CEO of Certarus. “Our long-term partnership with Hexagon Agility has helped us build the largest mobile power distribution network in North America and we are very excited to add our first Titan 53 units to our growing fleet.
Hexagon Agility’s TITAN 53 modules are certified for the transport of various gases, including CNG, RNG, helium and hydrogen. TITAN 53 modules with 360,000 cubic feet of helium capacity allow operators like Certarus to significantly reduce the number of trips needed to serve customers, reducing expenses and emissions.
“We value our long-standing partnership with Certarus and are thrilled to see them extending their world-class service with our TITAN 53 modules. We are proud of the work we are doing together,” said Seung Baik, President of Hexagon Agility. “This order represents our continued diversification of Mobile Pipeline into new market segments and our commitment to drive energy transformation.”
About the market
Recurring helium shortages in recent years have led to new helium exploration and production, particularly in the southwestern United States and Canada. Next, new producers typically supply raw helium which must be transported to remote helium refining facilities for final purification and liquefaction before the helium can be delivered to end users. Hexagon Agility’s Type IV high capacity composite trailers offer large payloads to provide the most cost effective and reliable solution currently available for this long haul requirement.
RNG results in a significant reduction in GHG emissions compared to other clean energy solutions available today. Our Mobile Pipeline modules enable the capture and collection of RNG from multiple sources, which have one of the lowest carbon intensities of all renewables. The RNG is fully interchangeable with existing pipeline infrastructure, so it is available for immediate use and for decades to come. The rapid adoption of RNG is a very cost-effective solution to combat climate change.
Hexagon Agility Mobile Pipeline® This product is essential to driving the energy transformation from fossil fuels to clean, renewable natural gas. Companies like Certarus are industry leaders, enabling customers without pipeline access to embrace natural gas and achieve their environmental goals. Mobile pipeline equipment is rapidly being adopted to help decarbonize industrial fleet and vehicle operations where customers do not have access to the pipeline. With over 1,800 Mobile Pipeline modules now deployed worldwide, Hexagon Agility continues to set the standard for safety, reliability and performance.
Module deliveries are expected to begin in the second quarter of 2022.
For more information:
Karen Romer, SVP Communications, Hexagon Composites, Phone: +47 950 74 950 |
Ingrid Aarsnes, Vice President of Investor Relations and ESG, Hexagon Composites ASA
Phone: +47 950 38 364 | [email protected]
Certarus is the North American leader in providing low carbon on-road energy solutions through a fully integrated platform of compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen. Certarus safely delivers clean-burning fuels to energy, utility, agricultural and industrial customers not connected to a pipeline. By replacing more carbon-intensive fuels, Certarus is leading the energy transition and helping its customers to reduce their operating costs and improve their environmental performance. With the largest fleet of mobile storage units in North America, Certarus is uniquely positioned to meet the growing demand for low- and zero-emission power distribution. Learn more at www.certarus.com (http://www.certarus.com)
About Hexagon Agility
Hexagon 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 emissions while reducing operating costs. To learn more, visit www.hexagonagility.com and follow @HexagonAgility on Twitter and LinkedIn.
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