Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in June 2020 with a global logistics customer to deliver renewable natural gas (RNG) and compressed natural gas (CNG) fuel systems for medium- and heavy-duty trucks. Hexagon Agility has now received its 11th set of orders under this agreement and the second order for 2022, representing an estimated value of $26.6 million.
Total orders placed to date with delivery targeted in 2022 represent an estimated value of $43.6 million. Overall, the 11 orders under the master services agreement represent an estimated value of $131.6 million.
“The logistics industry continues to step up its response to CO2 emission reduction,” says Seung Baik, president of Hexagon Agility. “RNG as a transportation fuel is an essential component in making an immediate impact towards achieving global climate goals. This additional order puts us over the $100 million mark as we enter 2022 under this agreement. We are very proud to support the sustainability commitment and ambitions of this customer.”