GE Signs MOU With China’s Endurance Industry For 260 CNG In A Box™ Systems; Opens Shenyang Compressor Facility To Meet Regional Demand For Natural Gas Solutions
GE Oil & Gas (NYSE: GE) today announced a collaboration with Endurance
Industry, a well-established manufacturer of oil and gas, environmental
and auto equipment, for the purchase of 260 CNG In A Box™ systems over
GE Oil & Gas (NYSE: GE) today announced a collaboration with Endurance Industry, a well-established manufacturer of oil and gas, environmental and auto equipment, for the purchase of 260 CNG In A Box™ systems over the next three years. The announcement was made in conjunction with the grand opening of GE’s high-speed reciprocating compressor manufacturing facility in Shenyang, China. GE’s innovative CNG In A Box system provides Endurance and its customers with a small-scale, plug-and-play compressed natural gas (CNG) fueling solution, helping to increase local natural gas fueling infrastructure throughout China. It is designed specifically to address the country’s rapid urbanization—which is creating an increased demand for fuel for vehicles and industrial uses —and to alleviate increased stress on its limited natural gas pipelines. The transition to natural gas fueling stations falls in line with China’s current trend toward converting its fueling efforts from gasoline and diesel to cleaner, more economical natural gas. “China’s vast reserves of natural gas, shallow coal-bed methane and recoverable shale gas allow it to gradually transition from traditional fuel sources to efficient and environmentally friendly natural gas options, enabling the country to lessen its dependence on foreign fuel supplies,” said Lin Chaoyang, chairman, Endurance Industry. “Through the implementation of natural gas solutions such as GE’s CNG In A Box technology, Endurance will help to greatly reduce CO 2emissions throughout the country.” As a GE ecomagination qualified product, CNG fueling through the CNG In A Box solution reduces CO 2 emissions by 24 percent (2.2 metric tons per vehicle, per year as compared with gasoline 1), and its CO, NO x, PM and VOC reduction benefits are even greater. A vehicle using CNG can reduce annual fuel costs by up to 40 percent, assuming 27,500 miles per year driven, gasoline priced at $3.50/gallon and CNG at $2.09/gasoline gallon equivalent. The CNG fuel station configuration that GE is supplying to Endurance features a standard-sized CNG In A Box unit with multiple, smaller “daughter” stations running off of it. This design minimizes the need for pre-existing natural gas pipelines. The advanced monitoring capabilities of the larger station enable it to automatically feed into the smaller stations when fuel is running low to reduce wait times typically associated with China’s current natural gas fueling infrastructure.