Canada, Toronto
FuelMaker Corporation has signed a 5 year, $65 million exclusive dealership agreement with Cornerstone (Beijing) International Trading Company Ltd. to market, promote and service FuelMaker’s line of natural gas Vehicle Refueling Appliances (VRA) and Phill, the Home Refueling Appliance in China. NGVs with their low emissions, operating costs and mature technology, have been recognized as the best readily available option to reduce air pollution and petroleum consumption in the country. NGVs are also a further logical choice for China as it has abundant natural gas resources.
Rosita Liang, Cornerstone’s Managing Director states that the Chinese
government has already been promoting NGVs as the optimal public
transportation choice in many cities. Most large cities, especially
those along gas distribution routes, currently use natural gas powered
public buses and taxis. She estimates that within 5 years all such
public vehicles in large and medium sized cities will be NGVs.
The Chinese NGV market as a whole is expected to increase dramatically
in the coming years, with a targeted goal of NGVs making up 20% of the
total vehicle population in China by 2020 (currently 50,000 NGVs).
There are also approximately 200 commercial filling stations currently
in operation increasing at a rate of 9% per year.
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