Shell, Volvo Form LNG Collaboration
THE HAGUE, Netherlands -- Royal Dutch Shell plc and Volvo Trucks entered into a joint agreement to develop liquefied natural gas (LNG) as a fuel option for heavy-duty truck operators. According to Shell, natural gas has an excellent future in the transport energy mix, alongside developments in areas such as greater fuel efficiency, biofuels, hydrogen and electric mobility.
Shell -- the operator of approximately 44,000 convenience stores and gas stations worldwide -- and Volvo are working together in several areas where they complement one another, including technical, commercial and regulatory developments in LNG.
The non-exclusive agreement only focuses on North America and Europe.
"For heavy-duty truck operators, especially those looking to invest in a new fleet, LNG can be a cost-competitive fuel choice compared to conventional diesel," said Lauran Wetemans, general manager for downstream LNG at Shell. "By collaborating with Volvo, and with our in-depth knowledge of LNG and commercial fuels, we are well placed to bring LNG fuel another step closer to our customers."
Netherlands-based Royal Dutch Shell plc has produced and shipped LNG for several decades. As CSNews Online reported, the oil company also recently announced it would invest in two small-scale liquefaction units that will form the basis of two new LNG transport corridors in the Great Lakes and Gulf Coast regions in North America.
Volvo Trucks is a division of Goteborg, Sweden-based AB Volvo.