Peake Fuel Solutions, L.L.C., a wholly-owned subsidiary of Chesapeake Energy Corporation, has developed a new diesel natural gas (DNG) conversion kit, a product that will help heavy-duty truck operators save up to 30% on their fuel costs. The dual-fuel system allows trucks to run on a mixture of diesel and up to 70% clean natural gas. When compressed natural gas (CNG) or liquefied natural gas (LNG) fuels are not available, trucks retain the ability to run on 100% diesel.
“The trucking industry is the backbone of our nation’s economy, and Peake Fuel Solutions’ DNG technology can help the industry slash its biggest cost — fuel,” said Kent Wilkinson, Vice President – Natural Gas Ventures, Chesapeake. “DNG will help accelerate the trucking industry’s shift to a more affordable, domestic fuel.”
Long-term natural gas prices in the $4-6 per mcf range will translate into CNG and LNG prices of around $2.00 per diesel gallon equivalent, or about 50% lower than diesel prices. Assuming a typical DNG blend, truckers would save approximately $0.20 per mile on their fuel costs.
Peake’s innovative conversion kit has been approved by the U.S. Environmental Protection Agency (EPA), allowing DNG kits to modify a variety of engines from model years 2010-12 that encompass power ratings from 400 to 600 horsepower.
Natural gas is a reliable and cleaner-burning source of fuel for consumers of gasoline and diesel, and the return on investment for a dual-fuel conversion kit is typically less than 18 months.
In October this year, Peake launched its CNG In A Box™ system for natural gas fueling system, which allows easier adoption of CNG refueling options for large- and small-scale retailers.
(This article compiled using information from a Peake Fuel Solutions press release)