China Yuchai Earns Most Fuel-Efficient Award for LNG HD Truck
January 26, 2015 | Singapore
China Yuchai K-Gold LNG-powered HD Truck1China Yuchai International Limited’s “K-Gold” model C&C truck equipped with the YC6K1340N liquid natural gas (LNG) engine has won the “Fuel Efficient Heavy-Duty Truck of the Year 2014″ at China’s largest annual commercial vehicle (“CV”) event. Mr. Weng Ming Hoh, President of China Yuchai, commented, “We are pleased that our YC6K13N engine has, once again been recognized as the leader in fuel conservation, emissions control and high performance in its engine category.”
“We continue to invest in research and development to improve our broad portfolio of engines to offer customers advanced solutions in performance, durability, fuel conservation and emissions control. We are committed to being a leader in engine technology in China,” Mr. Hoh added.
The “2014 Commercial Vehicles of the Year” competition was hosted in Beijing by Commercial Motor World Magazine, the leading CV magazine. The event was co-hosted by the Research Institute of Highway Ministry of Transport, the China Automotive Technology & Research Center (CATARC), the Beijing Institute of Technology, and Tongji, Chang’An and Beihang Universities. Competitors included FAW Jiefang, Sinotruk, Auman Truck, SAIC-IVECO Hongyan and others.
The YC6K13N series of engines are produced by Y&C Engine Co., Ltd. (Y&C). Y&C is a joint venture of China Yuchai’s main operating subsidiary, Guangxi Yuchai Machinery Company Limited with Shenzhen City Jiusi Investment Management Co., Ltd. and Jirui United Heavy Industry Co., Ltd, a company jointly established by China International Marine Containers Group Ltd. and Chery Automobile Co., Ltd.
According to the press release, the YC6K1340N engine has the largest displacement and highest torque power among comparable natural gas engines in China. By utilizing lean-burn technology, it reduces average energy consumption by approximately 25% compared with di
Let's say he is right....
And let's say westport survives to see it......
Anyone want to speculate on the share price ?
You might want to consider filling up your tanks, America. One expert is warning $5 per gallon gas is on its way.
John Hofmeister, the former president of Shell Oil, warns that we should “[e]njoy the price, because it’s going to go back up.”
“The next round of high prices is likely to start later this year, as crude rebounds to the $80s and $90s, perhaps pushing to the $100 level by late in the year or early next,” Hofmeister told USA Today.
Prices per barrel as high as Hofmeister projects would mean a significant hike in the price you pay at the pump.
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Hofmeister said that skyrocketing gas prices and even gas shortages are possible.
“Over the next several years, as demand growth approaches 100 million barrels a day and the industry production falls short, yes, I believe later this decade we’ll see $5 a gallon and possible shortages of fuel in some parts of the world,” he told USA Today.
The U.S. Energy Information Administration projects that the average price of a gallon of gas in 2015 will be $2.33.
Hofmeister is now the founder and chief executive of Citizens for Affordable Energy, a nonprofit that “promotes sound U.S. energy security solutions for the nation, including a range of affordable energy supplies, efficiency improvements, essential infrastructure, sustainable environmental policies and public education on energy issues.”
He believes that the solution to fluctuating oil prices is utilizing natural gas.
“I believe that with the right focus and development of the natural gas fuels market, we could begin to reduce global demand for oil from the 100-million-barrels-a-day level around 2020 to lower demand levels by substituting natural gas fuels,” he told USA Today. “We could pull it back to 90, 80, even 70 million barrels a day over the next two to three decades, taking enormous pressure off chronic high oil prices.”
WORLDWIDE, WESTPORT AND ITS AFFILIATES HAVE FILED OVER 950 PATENT APPLICATIONS, RELATING TO OVER 225 INVENTIONS.
And we held about 400 issued patents worldwide, including more than 90 issued U.S. patents.
Westport's extensive intellectual property (IP) portfolio gives Westport and its partners a competitive advantage. Our expertise includes: injectors (combined gaseous fuel/pilot fuel injectors and monofuel injectors), combustion chamber geometry and control strategies, engine fuel systems, cryogenic storage and delivery (cryogenic tanks and cryogenic pumps), compressors, vehicle integration, and other related technologies.
This chart shows only a portion of our full IP portfolio*—natural gas injection, engine, and combustion technology—and illustrates our strength and leadership in this market.
Natural Gas Engine Technology Patents*
Top 10 Companies as of December 31, 2014
1. Whatever happened to the outfit that was setting up to make a CNG tank with greater capacity that stored the gas in some sort of matrix?
ANG absorbed natural gas..........much research ongoing by many
Like Hofmeister, Lance said oil prices could rebound faster than anticipated, as they did in 2009, following the Great Recession.
"People were worried about the global economy, and prices went to $30, $40 a barrel, and just a matter of months later, it was back to $100 a barrel," he said. "And that's the kind of volatility we're in, when we see these imbalances that are created, even though they are relatively small in absolute terms."
Still, Hofmeister sees a solution to end the roller-coaster pattern to oil and gasoline prices: natural gas.
Since retiring from Shell in 2008, he's been actively promoting natural gas as a transportation fuel, as the head of an organization called Citizens for Affordable Energy.
"I believe that with the right focus and development of the natural gas fuels market, we could begin to reduce global demand for oil from the 100-million-barrels-a-day level around 2020 to lower demand levels by substituting natural gas fuels," he said. "We could pull it back to 90, 80, even 70 million barrels a day over the next two to three decades, taking enormous pressure off chronic high oil prices."
In the meantime, though, his advice to motorists regarding gasoline is simple: "Enjoy the price, because it's going to go back up."
One thing that's unlikely to happen for the foreseeable future
I made this counterintuitive argument once before.....
Penn is showing smart long term vision in a large state swimming in natural gas
"Natural gas for transportation is growing slower than expected but faster then most people think"
Analysts at Jefferies Group lowered their price objective on shares of Westport Innovations (NASDAQ:WPRT) from $5.25 to $4.00 in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 19.76% from the company’s current price.
A number of other firms have also recently commented on WPRT. Analysts at Stifel Nicolaus initiated coverage on shares of Westport Innovations in a research note on Thursday, December 18th. They set a “hold” rating on the stock. Analysts at Cormark upgraded shares of Westport Innovations from a “reduce” rating to a “market perform” rating in a research note on Tuesday, November 11th. Finally, analysts at Deutsche Bank downgraded shares of Westport Innovations from a “buy” rating to a “hold” rating and lowered their price target for the stock from $12.00 to $8.00 in a research note on Friday, October 31st. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.90.
Westport Innovations (NASDAQ:WPRT) traded down 3.05% on Thursday, hitting $3.34. 638,879 shares of the company’s stock traded hands. Westport Innovations has a 1-year low of $3.35 and a 1-year high of $20.16. The stock has a 50-day moving average of $3.78 and a 200-day moving average of $9.76. The company’s market cap is $211.0 million.
PennDOT Narrows 37-Station Project to 4 Teams
January 18, 2015 | USA, Harrisburg PA
In the U.S., the Pennsylvania Department of Transportation (PennDOT) Secretary Barry J. Schoch will invite four teams to submit proposals for a program to develop clean-burning compressed natural gas (CNG) fueling stations at public transit agencies around the state that would also be available for use by the public.
“With Pennsylvania now a leading natural gas producer, this project creates opportunities for transit providers and the public to have better access to this fuel for vehicle operations,” said Schoch. “This project will help the people of Pennsylvania realize the benefits this resource is delivering.”
The teams were scored and selected based on criteria including their financial capability to carry out the project; their background and experience in managing comparable projects; and, each team’s understanding of the project.
The teams invited to submit proposals are:
Clean Energy, Newport Beach, CA
GP Strategies, Escondido, CA
Spire, St. Louis, MO
Trillium CNG, Salt Lake City, UT
PennDOT soon will issue a draft Request for Proposals that the selected teams will review before a final RFP is issued in the spring. PennDOT expects proposals will be required to be submitted by summer, with an award to be made in late summer or early fall.
The selected private partner will design, build, finance, operate and maintain CNG filling stations at up to 37 transit facilities. Each fueling site must provide access to CNG for public transit and other CNG vehicles.
U.S. Venture, Inc. announces new U.S. Gain division
Posted on January 15, 2015 by Gain Clean Fuel
U.S. Venture, Inc. announces new U.S. Gain division Recognizes importance and growth of its CNG business for commercial transportation
Appleton, Wis. – January 15, 2015 – U.S. Venture, Inc. a leading distributor and marketer of energy, automotive and lubricant products in North America has established a separate corporate division for its Compressed Natural Gas (CNG) business. The new division, called U.S. Gain, will encompass all operations related to its expanding CNG network for commercial fleet operators and shippers in North America. The network is marketed under the GAIN Clean Fuel brand which has 39 sites operational or underway with a target of 100 locations in the next two years.
i think it was a very positive move...for all the reasons stated in the press report...
although...prins was in debt probably losing money and probably in trouble...
jimaybe25 • 3 minutes 13 seconds ago Flag
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It could put a charge into the lethargic longs so I think it would be a good idea, but I have no idea where the money would come from!!
last i remember they were sitting on 100 million.
so cut expenses to the bone.....do what ever it takes to get cash burn neutral...buy back shares
wildbeenyheeth • 23 minutes ago Flag
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Cancer, the last secondary was at $25,,,,,Sooo let's buy back shares we sold at $25 for $3.00 so we can award them to management. What's wrong with that picture?
whats wrong with that picture is the assumption that it would be done to award managment. If you assume that is the purpose for everything....there is no point in discussion.
at this price........
David demers "i am an utter failure"
Pennsylvania Funding to Add 281 Natural Gas Trucks
January 16, 2015 | USA, Harrisburg PA
Penske will be adding to its CNG rental fleet with the new grant.
In the U.S. State of Pennsylvania, Governor Tom Corbett has awarded $7.3 million in Act 13 funding to 18 companies, organizations and partnerships making the switch to natural gas for their heavy-duty fleet vehicles. The funding, part of the State’s Natural Gas Energy Development program authorised under Act 13 of 2012, will assist the purchase of 225 Compressed Natural Gas (CNG) and 56 Liquefied Natural Gas trucks.
“Act 13 not only strengthened oversight of the drilling industry, it allows us to continue growing jobs while cleaning the air at the same time,” Corbett said. “Natural gas, particularly from the shale formations here in Pennsylvania, is an abundant, affordable, domestic fuel that is putting this country on a path to energy independence.”
Provisions under Act 13 enabled Pennsylvania’s Depratment of Environmental Protection (DEP) to develop and implement the Natural Gas Energy Development program, funded by impact fees paid by natural gas operators. The program distributed up to $20 million in grants over three years, to help pay for the incremental purchase and conversion costs of heavy-duty natural gas fleet vehicles.
For this third round of the program, DEP received applications from 37 applicants requesting more than $10 million in grants. The first two rounds awarded a total $14.4 million to 43 companies and organizations making the switch to natural gas.
Cummins and Westport Innovations continue to sell their 400-horsepower ISX12 G engine, but it's also the only one available to truck manufacturers -- and that may not change anytime soon. Volvo recently decided to halt development of its own natural gas engine, which will put a damper on market development.