TITAN cuts fuel consumption by 60%
Hexagon Composites will deliver natural gas transport modules to Thai company
Through its wholly-owned subsidiary Lincoln Composites, Hexagon has been awarded a new contract to supply 55 lightweight TITAN(TM) transport modules to SC Group, the first provider of integrated logistics services in Thailand to use these modules. This represents the largest single TITAN(TM) contract to date for Hexagon worldwide and will generate strong activity in Lincoln Composites for Q3 2012.
“With TITAN(TM) trailer fleets already operating for Petronas in Malaysia and Petrovietnam, we consider this first order from Thailand as a major breakthrough in Asia, proving the competitiveness of our product,” said Frank Häberli, vice president sales of high pressure cylinders in Hexagon Composites.
The TITAN(TM) has significantly lighter weight and substantially larger transport capacity, and has proven to reduce fuel consumption by more than 60% compared with conventional steel trailer technology. The modules contain the world largest type 4 cylinders, with each unit designed for 8,500 liter water capacity and 250 bar service pressure.
It is worth mentioning that the Thai state-owned oil and gas company PTT Public Company Limited has recently contracted SC Group to transport CNG using the lightweight TITAN(TM) transport modules. “The performance of our modules ideally meets PTT’s stringent demands to reduce the environmental footprint and cost of their gas distribution logistics,” added Häberli.
Source: Hexagon Composites