Venezuela: installation of industrial park to produce CNG equipment is moving forward

This was confirmed by the Public Information website of Argentina’s Government, whose report also highlighted Venezuela’s interest in developing the natural gas for vehicles market in its territory by taking advantage of the technology offered by Argentina, one of the world leaders in the segment. “All these equipments, including cylinders, pumps and motor fuels will be produced in Venezuela with Argentina’s technology and expertise,” De Vido said.

The Industrial Park for Natural Gas Vehicles will be located in the municipality of San Joaquín, in Carabobo State.

According to the 2011 PDVSA Annual Management Report, the three joint ventures between the state oil company (which holds the largest share) and Argentine capital are the following: Cylinders Alba, formed by PDVSA Industrial and Kioshi Compresión with estimated production capacity of 250,000 units per year; Alba Compressors and Dispensers, formed by PDVSA Industrial and GNC Galileo with a projected production capacity of 200 units/year; and Alba Conversion Systems, formed by PDVSA Industrial and T. A. Gas Technology, with a estimated capacity production of 120,000 units/year.

Photo: from left to right, Venezuela’s Minister of Petroleum and Mining Rafael Ramírez Carreño and Argentina’s Federal Planning Minister Julio De Vido.