3M (MMM) is partnering with Chesapeake Energy (CHK) to develop and sell a family of compressed...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

3M (MMM) is partnering with Chesapeake Energy (CHK) to develop and sell a family of compressed natural gas (CNG) tanks for vehicles. The companies boast their tanks will be cheaper, lighter, and safer than current solutions, while offering 10%-20% more capacity. Clean Energy Fuels (CLNE +2.7%), which in July received a $150M investment from Chesapeake, is rallying on the news.