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GE (GE -0.9%) and Chesapeake (CHK +0.9%) team up in an effort to make it easier to use...

GE (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.
Comments (3)
  • So, are the high gas prices of late by design for the lead-up to this?
    The timing is almost too perfect. Not necessary though, most folks are liking the idea, per tweets.
    8 Oct 2012, 04:34 PM Reply Like
  • CHK has had this in the works for two years. The unveiling was done in April, with the September launch after GE had produced 250 of the units.

     

    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.
    8 Oct 2012, 08:32 PM Reply Like
  • GE retiree.......watch out for GE's involvement in anything with Jeff
    Immelt as CEO. He almost bankrupted GE......Just be careful.
    9 Oct 2012, 03:19 PM Reply Like
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