Argentina to reach 120,000 conversions this year

Maranca stated they expect to reach 120,000 CNG conversions this year, with an additional 30 percent of total proceeds over the previous year. The latter is “due to the increased incidence of 5^th generation equipment, which is about 25 percent of all conversions. These are more expensive but offer a rapid recovery, as in many cases they are replacing Premium gasoline, the most expensive oil fuel,” said the businessman.

It is worth recalling that Argentina has recently surpassed the mark of 2 million vehicles converted (historically accumulated until July 2011). In turn, over 40,000 vehicles have been switched to natural gas during the last three months. The highest peak occurred in August, with at least 14,210 conversions, according to statistics provided by the CNG Management of the National Gas Regulatory Agency (Enargas, as its Spanish acronym).

With the upcoming International Conference on NGV & Other Gaseous Fuels and V ExpoGNC 2011, which will take place from Thursday 10^th to Saturday 12^th of November in “La Rural” trade fair site in the city of Buenos Aires, Fausto Maranca was optimistic about the world scenario that can contribute strategically to the local NGV sector, because of the fuel’s lower cost and it progressive future savings.