Companies Develop Leasing Program for Dual-Fuel Natural Gas Conversions


American Power Group Corp. (APG) has announced a new leasing program for its heavy-duty dual-fuel conversions and related natural gas tank systems that will be offered by Vision Financial Group Inc. through its VFG Energy Leasing and Finance business unit.

‘We are excited that VFG has seen the value of APG's dual-fuel technology and is willing to provide financing terms with and without a perfected security interest on the entire vehicle chassis,’ says Lyle Jensen, CEO of APG.

‘This is critical for many of the fleet operators we've spoken to who are looking to convert multiple units at a time,’ he adds. ‘We believe our ability to offer fleet customers with a viable financing solution will provide them with a path to convert a larger [percentage] of their fleet sooner rather than later.’

American Power Group Inc.'s proprietary Turbocharged Natural Gas conversion technology for diesel engines enables a diesel-fuel displacement rate of up to 80%, the company says. Trucks converted with APG technology can run on liquefied natural gas, compressed natural gas, well-head gas or biomethane.

For more information about the VFG leasing options, click here.

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