Hexagon Composites taking a lead in NGV high-pressure cylinders market
Wednesday, July 10 2013 - 02:23 AM WIB
Norway?s Hexagon Composites, wholly owned subsidiary Hexagon Raufoss, has been awarded a new order from an Indonesian state-owned enterprise for the delivery of compressed natural gas (CNG) high-pressure fuel cylinders to the country.
The company said in a statement obtained Tuesday that the lightweight composite cylinders will be delivered to a natural gas vehicle (NGV) conversion company which is owned by a state-owned enterprise in Indonesia. The cylinders will serve as fuel tanks for a popular compact passenger car model running on natural gas. It did not disclose the name of the firm.
Hexagon Raufoss was earlier awarded another similar order by a private-owned firm PT Autogas Indonesia for a NGV conversion project of about 500 vehicles in late 2012.
"These two orders have opened up the NGV market (Natural Gas Vehicle) in Indonesia and allow our customers to take advantage of the same operational cost savings we have seen demonstrated in other areas of the world," says Ragnar Holthe, Managing Director Automotive at Hexagon Raufoss.
Indonesia is fast adopting CNG as the alternative fuel to traditional fuel such as gasoline and diesel. The government is actively promoting its oil-to-gas campaign to support the plan to limit the amount of subsidized fuel used by private cars. Currently, to support this campaign, the government is aiming to increase the number of refilling CNG stations to over 30 stations across Indonesia by the end of 2013.
Editing by Reiner Simanjuntak