Hexagon Mobile Pipeline, a Hexagon Composites business, has been awarded an order for TITAN® 53 transport modules, by an affiliate of a leading gas distribution utility in the United States. The order has a value of USD 4 million (approx. NOK 34 million).
The Mobile Pipeline® modules allow for Renewable Natural Gas (RNG), produced at agricultural sites in the United States, to access the pipeline distribution system.
"With this sale, Hexagon continues its leading position as a solutions provider to the RNG industry, which recognizes the value of Mobile Pipeline® in the collection and delivery of RNG to the market,” says Jon A. Smith, President of Hexagon Mobile Pipeline. "We are excited to partner with RNG producers and gas distribution companies to enable the reduction of carbon emissions from the agricultural sector, while aiding the sustainability efforts of American farmers.”
TITAN® modules are designed for intermodal transport of gases via rail, truck, or ship. As a key component of RNG projects, the TITAN® provides a safe, cost-effective and environmentally friendly transport solution for gas producers and developers of production sites that are located off the gas grid.
Deliveries of the TITAN® 53 modules are scheduled to commence towards the end of the third quarter and continue through the fourth quarter of 2019.
For more information:
Jon A. Smith, President, Hexagon Lincoln LLC
Telephone: +1 402 470 4045 | jon.smith@hexagongroup.com
Hiva Ghiri, VP Investor Relations, Hexagon Composites ASA
Telephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | solveig.saether@hexagongroup.com
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility, industrial and consumer applications.
For more information, please visit www.hexagongroup.com
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This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.