Australia, Perth
Eden Energy, parent company of US based Hythane Company, is taking a bullish view of the Indian market, projecting growth of 1170% in the sales of hythane fueled buses over the coming 4 years. Their confidence is based on recent initiatives undertaken by the Indian Government, including a plan to use natural gas as a major vehicle and power generation fuel.
Target Market Projections
| KEY ASSUMPTIONS | 2009 |
2011 |
2013 |
| Cumulative Number of Hythane® Buses | 150 | 2150 | 17650 |
| Cumulative Number of Hythane® Dual Fuel Generators | 5 | 155 | 655 |
| Cumulative Number of Dual Fuel Kits | 20 | 160 | 480 |
The government proposes to extend the use of natural gas as a major
fuel for motor vehicle and power generation applications, and as part
of this strategy, already several major cities, including Delhi and
Ahmedabad have commenced building extensive Bus Rapid Transit systems,
which will operate exclusively on natural gas. It is reportedly planned
to progressively establish similar systems in over 50 cities.
Eden’s Hythane® Fuel (a blend of natural gas comprising 80% natural gas
and 20% hydrogen) is being promoted as an ultra low emission, high
efficiency fuel and has been accepted as part of the government’s
Hydrogen Roadmap, which aims to have at least one million vehicles
operating on hydrogen based fuels by 2020.
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