Hexagon Composites says its wholly owned subsidiary Hexagon Lincoln has entered into a joint venture agreement with Allegheny Creative Energy Solutions LLC (ACES) and Resonance Mode Inc. to create a new entity that will develop and manufacture compressed natural gas (CNG) fuel solutions for the rail industry.
Hexagon Composites says it will support the new CNG entity in its operations as the majority shareholder.
According to Hexagon Composites, ACES and Resonance Mode have extensive experience with American railroads and have designed prototype CNG tenders, fuel storage and trackside refueling systems with Hexagon Composites’ bulk-capacity TITAN cylinders.
As reported, the joint venture will primarily focus on the U.S. market, but it will provide CNG rail solutions worldwide, working to reduce engine exhaust particulates and improve emissions in the surrounding communities.
“We see great opportunities in the global rail market, even with current oil prices,” says Frank Haberli, Hexagon Lincoln’s vice president in mobile pipeline. “Long-term competitive fuel pricing and meeting reduced emissions requirements, especially for railroads operating in metropolitan areas, are very important market drivers for the adoption of CNG in this segment.”
In addition to providing TITAN cylinders for tender cars carrying fuel for the largest (Class I) locomotives, Hexagon Composites provides onboard CNG cylinders for small and midsize (Class II and III) locomotives.