Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in June 2020 with a global logistics customer to deliver renewable natural gas (RNG) and compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks.
Hexagon Agility received its eighth set of orders in 2021 under this agreement, which represent an estimated value of approximately USD 12 million. Collectively, the orders placed for delivery in 2021 represent an estimated total value of USD 80 million.
“RNG contributes to significant GHG emission-reduction and we see more and more fleets responding to the potential to further reduce emissions.” said Seung Baik, President, Hexagon Agility. “According to a recent report by the State of Sustainable Fleets, nearly 90% of surveyed fleets currently operating natural gas vehicles state they intend to use RNG in the next year and this trend is expected to continue beyond 2021.”
Deliveries of the fuel systems are scheduled to start in the 4th quarter of 2021.