3M and Rush Enterprises have signed an agreement to pursue the design, manufacture and installation of a portfolio of CNG tanks and fuel systems for use in Class 6-8 vehicles. Moreover, Hexagon Lincoln and Agility Fuel Systems will establish a 50/50 joint venture to supply CNG high-pressure cylinders for fuel systems to also support the growing heavy duty natural gas truck market in North America.
“This joint venture will enable Agility and us to integrate and optimize our value chains and be of even better service to the end customers. We are very pleased to have reached this agreement, which will further strengthen our position in the global market”, said Jon Erik Engeset, President and CEO of Hexagon Composites ASA.
The other partnership allows 3M to supply tanks with proprietary technology and Rush Enterprises to provide enhanced fuel systems, distribution and service support. “This collaboration will help accelerate industry adoption by bringing superior value to customers, and delivering quality solutions that address many currently unmet needs,” commented Rory Yanchek, Vice President and General Manager for 3M’s Aerospace & Commercial Transportation Division.
3M launched its first CNG cylinders in 2013, incorporating its pioneering nanoparticle-enhanced resin technology in order to engineer tanks that are up to 30% lighter and have up to 10% more storage capacity than other Type IV products.
Source: 3M/Hexagon Lincoln