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TravelCenters of America LLC Message Board

  • trasportexpert trasportexpert Apr 15, 2013 6:27 PM Flag

    Quotes from Shell executive on TA agreement. - Get ready for takeoff!

    The plan is to construct at least two LNG fueling lanes and a storage facility at up to 100 existing TA and Petro Stopping Centers branded full service travel centers along the U.S. interstate highway system. Construction and opening of the LNG stations will be done in a phased approach. Pending customary approvals, we anticipate the first of these stations will be operational in roughly one year's time with a priority to develop the main trucking corridors to provide the potential for the first-ever coast-to-coast LNG-fueled commercial transport network.
    "Shell is investing now in the infrastructure that will bring this innovative, cost-competitive and environmentally beneficial fuel to our customers", said Elen Phillips, Vice President, Shell Fuels Sales & Marketing Americas. "We are leveraging our strength as an integrated company to produce, liquefy, distribute and commercialize natural gas in transport - and TravelCenters of America is the ideal partner to help us bring this vision to life."
    Demand for innovative fuels, like LNG, from commercial customers is growing due to the wide range of benefits for trucking fleet operators. These benefits can include lower fuel costs, the potential to reduce emissions as well as reduce noise levels in certain engines.
    "We see great potential for LNG as a fuel option among our range of quality fuels, due to the sheer abundance and affordability of domestic natural gas in North America", concluded Phillips.

    Sentiment: Buy

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TA
9.52-0.15(-1.55%)Nov 26 4:02 PMEST

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