Canada, Calgary
Dynetek Industries, Ltd has in its First Quarter report for 2009 stated its intentions to focus on revenue growth opportunities in the compressed natural gas (CNG) market for bus and heavy-duty truck applications and for bulk hauling of larger quantities of compressed gas, in part due to the economic lull in hydrogen market activities. The report describes major economic and environmental factors worldwide that Dynetek sees as contributing to high-growth in natural gas demand for vehicles as follows:
- The comparative advantages of natural gas compared to diesel, gasoline and bio-fuels;
- Natural gas is cleaner with less toxic emissions than diesel or gasoline and is currently less costly;
- A growing natural gas infrastructure. Continuing investment in infrastructure is adding to the number of compressed natural gas refueling centers; and
- CNG will continue to develop as a transportation fuel as it currently is less costly than oil based fuels which are also becoming supply constrained in developing economies.
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