2 May 2023: In March 2021, Hexagon Agility signed a multi-year agreement with
Certarus Ltd, North America's leading full-service provider of bulk gas
transport, to supply distribution modules for compressed natural gas (CNG),
renewable natural gas (RNG), and helium applications.
Under this agreement, Hexagon Agility has received an order for Mobile Pipeline®
TITAN 4 modules. The order represents an estimated total value of USD 4.2
million (approx. NOK 45 million).
The new modules will be used by Certarus to transport low carbon CNG for use in
hard-to-abate industrial applications; provide critical utility support during
demand peaks and pipeline maintenance outages; connect RNG production projects
to natural gas sales pipelines; and connect the production of helium to
distribution networks and end-use customers.
About the market
As a leader in the industry, Certarus enables customers without pipeline access
to transition to lower carbon CNG and adopt clean RNG rapidly driving the
decarbonization of industrial and fleet operations.
Recurring helium shortages in recent years have driven new helium exploration
and production, especially in the United States and Canada.? Hexagon Agility's
high-capacity Type 4 composite trailers deliver large payloads to allow Mobile
Pipeline® operators like Certarus to provide the most cost-effective and
scalable solution for long-haul applications.
Timing
Deliveries of the modules are expected to commence in the fourth quarter of
2023.
For more information:
Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com
About Certarus
Certarus is the North American leader in providing on-road low carbon energy
solutions through a fully integrated CNG, RNG, and hydrogen platform. Certarus
safely delivers clean burning fuels to energy, utility, agricultural and
industrial customers not connected to a pipeline. By displacing more carbon
intensive fuels, Certarus is leading the energy transition and helping customers
lower operating costs and improve environmental performance. With the largest
fleet of mobile storage units in North America, Certarus is uniquely positioned
to meet the growing demand for low and zero emission energy distribution. Learn
more at www.certarus.com
About Hexagon Agility
Hexagon Agility, a business of Hexagon Composites, is a leading global provider
of clean fuel solutions for commercial vehicles and gas transportation
solutions. Its product offerings include (renewable) natural gas storage and
distribution systems, Type 4 composite natural gas cylinders, propane, and
(renewable) natural gas fuel systems. These products transport clean gaseous
fuels and enable vehicles to reduce emissions while saving operating costs.
Learn more at hexagonagility.com and follow @HexagonAgility on Twitter and
LinkedIn
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation and conversion to clean energy in a
wide range of mobility, industrial and consumer applications. Learn more at
www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn