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GE (GE -0.9%) and Chesapeake (CHK +0.9%) team up in an effort to make it easier to use...
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Monday, October 8, 2012, 2:38 PM ETGE (GE -0.9%) and Chesapeake (CHK +0.9%) team up in an effort to make it easier to use compressed natural gas as a transportation fuel through a new "CNG In A Box" system, which can compress natural gas from a pipeline into CNG onsite at a traditional filling station or industrial location. The companies claim it can save fleet vehicle operators ~40% in fuel costs vs. gasoline.
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This news story has 3 comments:
The timing is almost too perfect. Not necessary though, most folks are liking the idea, per tweets.
This is an impressive unit, with a fill rate of 7 gallons per minute (equivalent).
But wait, the other three big items fuel items are yet to be launched... Stay tuned.
Immelt as CEO. He almost bankrupted GE......Just be careful.