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CSX Corp. Message Board

  • save_n_investte save_n_investte Nov 14, 2013 9:02 AM Flag

    GE/CSX Working Jointly on Natural Gas Engines

    Climbing Aboard Liquid Natural Gas Railroad

    By JAMES DETAR, INVESTOR'S BUSINESS DAILY

    General Electric (GE) and CSX (CSX) will begin field testing liquid natural gas-fueled locomotives, adding momentum toward a potential transformation in the railroad industry.

    In trials set for next year, CSX — the third largest North American railroad by market value — will run trains pulled by compressed LNG-powered locomotives manufactured by GE.

    Drilling techniques such as hydraulic fracturing, or fracking, have freed oil and gas deposits in shale fields like the Bakken formation, creating a glut of cheap natural gas that U.S. industry is increasingly adopting.

    Using LNG would give railroads a cleaner, lower cost, more abundant fuel, GE Transportation CEO Russell Stokes said in a statement, adding that the impending use of LNG is part of "a new era of energy sources and what's possible for rail transport."

    Over the next few months, CSX will develop a test plan and secure regulatory clearance for the tests. GE Transportation will use a retrofit kit to switch its existing Evolution series locomotives to operate on both diesel and LNG.

 
CSX
29.92-0.54(-1.77%)Jul 31 4:01 PMEDT

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