Hexagon Composites ASA’s business unit, Lincoln Composites has signed a contract with Especialistas en Gas del Peru S.A.C. (EGP), a subsidiary of Grupo Energy, for the supply of 40 foot TITAN high-pressure tanks and storage modules for use within Peru. EGP provides gas power generation systems to industry zones as well as natural-gas powered vehicles in the Peruvian compressed natural gas (CNG) sector. This new project provides large volumes of gas over a distance of 430 km and is worth around USD 5 million.
Hexagon says the incorporation of the TITAN(TM) modules will define a new frontier for effective bulk gas transportation in Peru and serves as the gateway into a booming natural gas bulk-transportation market within Peru. The existing natural gas pipeline infrastructure does not provide access to the entirety of the urban and rural areas that are striving to take advantage of the cost-effective, clean-burning fuel. The government and private-industry focus on increasing natural gas usage in both the vehicular and industrial market has led to a significant need for bulk-transportation solutions in the Peruvian market.
This article compiled using information from a Hexagon Composites press release.