3M Announces Certification For CNG Tank
3M (NYSE: MMM) announces it has successfully completed the NGV2-2007 certification process for its first compressed natural gas (CNG) tank. The 21.5 x 60 inch tank is designed for light- and medium-duty pick-up trucks and corporate fleet vehicles. 3M’s tank capitalizes on improvements in geometries and proprietary 3M™ Matrix Resin featuring nanosilica technology to deliver a solution that is lighter, offers greater capacity, and is more cost effective than similar tanks.
“We are enthusiastic about the future of natural gas vehicles and are proud to introduce this tank to help companies take advantage of the benefits of natural gas as a transportation fuel,” said Mike Roman, Vice President of 3M’s Industrial Adhesive and Tapes Division, home to 3M’s advanced composites business. “With a tank that will help provide more range and more payload capacity at less expense, CNG vehicles are now an even more attractive alternative for fleet and individual retail customers alike.”
The tank will be showcased at the NTEA Work Truck Show, March 6-8 in Indianapolis, Ind. 3M will be located at Booth #5658 at the Indiana Convention Center, in the event’s “Green Pavilion.”
Initially, tanks will be available through five approved upfitters with whom 3M is collaborating. These companies include OEM Systems of Okarche, Okla.; Venchurs Vehicle Systems of Adrian, Mich.; Alternative Fuel Solutions of Mahaffey, Penn.; AVS of Salt Lake City, Utah; and World CNG of Kent, Wash.
The successful certification follows the 2012 announcement by 3M and Chesapeake Energy Corporation (NYSE:CHK) that the two would collaborate in designing, manufacturing and marketing a broad portfolio of CNG tanks for use in all sectors of the United States transportation market. 3M expects to announce certification of other geometries in the coming months. Chesapeake is slated to become one of the first end users of the new 21.5 x 60 inch tank, which it will incorporate in its fleet vehicles. Chesapeake is currently converting its fleet of nearly 5,000 vehicles to run on natural gas.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
