Safe&Cec, a company 51% owned by Landi Renzo and leader in the design and production of equipment for the distribution of natural gas and biomethane, has been awarded a contract for the supply and assembly of over 150 compressors in Egypt for the companies Gastech (Egyptian International Gas Technology) and NGVC (Natural Gas Vehicles Company).
The agreement, one of the most important in the sector, is part of the project for the development of natural gas mobility and refueling infrastructure promoted by the Egyptian government. This is also a further step in the contribution that Landi Renzo Group has given and will continue to give to the growth of NGV mobility in Egypt, supported by the country’s significant resources, especially in the Zohr field.
“This important contract further consolidates Landi Renzo Group’s leadership position in the Egyptian market. In spite of the Coronavirus pandemic, Safe&Cec is closing with positive results a definitely complicated year, and above all we are starting 2021 with a very significant backlog and higher than historical data, which allows us to have a positive outlook on 2021,” said Cristiano Musi, CEO of Landi Renzo Group and CEO of Safe&Cec.
“In addition, we are ready to enter into hydrogen compression supply and are considering a number of strategic options to accelerate growth in the segment. We also continue our growth in the supply of biomethane applications in the U.S., a market expected to grow strongly in the coming years,” he added.
Source: Landi Renzo