“In our on-going evaluation of technologies to complete the value chain for the burgeoning shale markets, as well as solutions for addressing global natural gas flaring and the rapidly expanding markets for LNG vehicle fueling, Expansion Energy’s LNG production process met all of the requirements we identified and embodies technology that we can bring to the market quickly. We already have several clients anxious to take multiple units to fuel their fleet operations,” said Brad Dickson, Dresser-Rand’s Vice President and Chief Marketing Officer.
Under the agreement, Dresser-Rand will design, package and sell equipment embodying the VX™ Cycle production technology including Dresser-Rand® reciprocating compressors and Guascor® engine-generator sets, and associated control systems. “The agreement is important because it gives us exclusive rights to serve a new and large market opportunity with our legacy products as well as our recently acquired engine line,” explained Jesus Pacheco, Dresser-Rand’s Executive Vice President, New Equipment Worldwide.
According to Dresser-Rand, LNG is critical for the long-haul, heavy-duty truck market, and the deployment of VX™ Cycle plants from Dresser-Rand will be a major step forward in building out the substantial infrastructure required to make LNG fuels widely available and cost-effective.