GE Capital, Canada and Shell Canada Products have signed a commercial agreement to facilitate the trucking industry’s adoption of LNG in Canada.
Under the agreement, GE Capital and Shell will collaborate to reduce monthly payments for truck fleets that lease natural gas vehicles (NGVs). Fleet owners will be able to sign natural gas fuelling contracts with Shell and secure leases for LNG vehicles with GE Capital.
The agreement also covers equipment that will purchase fuel from Shell’s LNG facilities.
“Through this agreement, we’re giving over-the-road trucking companies the financial incentive to make the shift from diesel to natural gas. Working with Shell will help address truck operators’ concerns regarding the trucks’ value and incremental capital investments and allow them to access the benefits of LNG vehicles from day one,” commented François Nantel, leader of GE Capital, Canada’s transportation business.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/small-scale-lng/01062015/ge-and-shell-to-advance-small-scale-lng-853/