Canadian Westport Fuel pays 5 million euro for LPG Gas Storage firm
Westport Fuel Systems Inc. has reached an agreement to acquire Stako sp. z o.o., the liquid petroleum gas fuel storage manufacturing subsidiary of Worthington Industries Inc. Based in Słupsk, Poland, Stako is a world leading manufacturer of LPG fuel storage.
Based in Słupsk, Poland, Stako is a world leading manufacturer of LPG fuel storage, supplying the aftermarket and original equipment manufacturer (“
OEM”) market segments through a worldwide network of dealers. Stako’s current product range includes over 1,000 models of LPG storage tanks. Over the last 30 years, the company has supplied tanks to leading automobile manufacturers worldwide, including VW, Renault, Fiat, Hyundai, Opel, Ford, Maruti Suzuki and many others.
TSX tops 20,000 for first time, up 76% from March 2020 low
Ian Vandaelle, BNN Bloomberg VIDEO SIGN OUT
The S&P/TSX Composite Index has come roaring back from the worst ravages of the pandemic, breaking above the psychological 20,000-point level for the first time ever.
Torontoâs benchmark composite has surged 75.7 per cent from the trough on March 23, 2020, when stocks bottomed amid uncertainty wrought by the spread of COVID-19 and subsequent lockdown measure across much of the world. A combination of a rebound in commodities, changing consumer habits and rock-bottom interest rates helped drive the index higher.
That 75.7 per cent jump for the TSX has it ranked as the 21st best performer of its 92 global market peers â sandwiched between Saudi Arabiaâs Tadawul Index and Stockholmâs exchange. That performance did lag the major U.S. benchmarks, with the S&P 500 and Dow Jones Industrial Average ranking 11th and 12th, respectively, with gains north of 85
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The global automotive natural gas vehicle market demand is expected to reach 38,856.33 thousand units by 2028. The market is anticipated to register a CAGR of 3.3% from 2021 to 2028.
The growing adoption of natural gas as an alternative fuel in vehicles, especially in the transportation sector worldwide, is creating the demand for automotive natural gas vehicles (NGVs). The low emission properties of NGVs facilitated by clean fuel characteristics are expected to drive their demand in public transportation, therefore boosting the market growth. The need for cleaner fuels at lower costs is also expected to drive market growth.
Moreover, government support for the adoption of these vehicles will augment the demand. The government authorities in various countries are implementing stringent regulations to curb environmental damages arising from the emission of Particulate Matter (PM) and Greenhouse Gases (GHG) from vehicles. Simultaneously, w