GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced the signing of a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada. Under this agreement, fleet operators will work with GMTS for natural gas supply and purchase and, separately, with GE Capital to secure loans or leases for NGVs. NGVs that are eligible under this agreement use either CNG or LNG.
“I understand how critical it is for fleet operators to reduce their fuel costs. To remain competitive, they need to cut 3%-5% annually just to keep up with the market,” said Véronique Haché, strategic initiative leader for natural gas vehicles at GE Capital. “Transitioning to natural gas is a smart way to diversify their fuel portfolios and reduce those costs. Through this agreement, we’re giving trucking company leaders the financial motivation to make the shift from diesel to nat-gas.”
“This agreement reinforces GMTS’s turn-key approach by adding a financial partner to accompany the fleet operators in their transition to natural gas,” said Luc Génier, president of the board of directors of GMTS. “We are confident that combining our respective expertise will have a positive effect on the adoption of natural gas as a fuel for the trucking industry in Eastern Canada.”
Recently, GE Capital also agreed to collaborate with Shell to boost the trucking industry’s transition from diesel to natural gas in Canada.
Source: GE Capital Canada