Natural gas giant Clean Energy Fuels Corp. says it is acquiring BAF Technologies, a major manufacturer of natural gas fuel conversion systems.
BAF, based in Dallas, Texas, largely serves the commercial fleet market, but Clean Energy apparently plans to use its not inconsiderable clout as low-carbon fuels supplier to help BAF break into the passenger vehicle market.
It's a neat deal as the more conversion systems BAF can sell, the more customers there will be for Clean Energy's liquid and compressed natural gas fuels.
----------
Clean Energy believes that as automakers seek to lower their greenhouse gas emissions, natural gas will become a popular fuel instead of being limited to auto show concepts such as the CNG-electric hybrid from Toyota shown here.
---------
In its announcement this morning, Clean Energy - co-founded by energy magnate T.Boone Pickins, who remains a major shareholder and frequent spokesman for the publicly-traded company - said it believes domestic automakers "have been remiss in not making NGVs [natural gas vehicles] available in the United States, even though the same companies produce numerous makes and models overseas," where natural gas-powered cars and trucks are commonplace in many countries.
Continue reading...
Tags: Alternative Fuels, Natural Gas, BAF Technologies, Clean Energy Fuels Corp., Natural Gas Fuel Conversions, Natural Gas Vehicles, NGVs
Natural Gas Retailer Clean Energy Acquiring Conversion Systems Maker BAF was originally published by Green Car Advisor. Read the full story by clicking here.