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Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in June 2020 with a global logistics customer to deliver compressed natural gas (CNG) and renewable natural gas (RNG) fuel systems for medium and heavy-duty trucks.
Hexagon Agility received its fifth set of orders in 2021 under this agreement, which represent an estimated value of USD 12.5 million (approx. NOK 103 million). Collectively, the orders placed in 2021 represent an estimated total value of USD 44 million (approx. NOK 364 million). We are witnessing a very strong demand for RNG and CNG solutions from our large global fleet customers said Seung Baik, President, Hexagon Agility. RNG mitigates global warming by reducing greenhouse gases that would otherwise be released into the atmosphere. It will be an important factor in realizing our global commitment to reduce greenhouse gases by 2030.
Hexagon Composites ASA: Invitation to presentation of first quarter 2021 results
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Hexagon Composites ASA: Hexagon Agility receives fourth set of orders for CNG trucks from major global logistics customer
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