Clean Energy Fuels and Quantum Fuel Systems Look to Gain as Auto-Manufacturers Begin to Develop Natural Gas Vehicles
June 29 2012 - 8:20AM
Marketwired
Plummeting natural gas prices and pressure to reduce emissions have
made natural gas a viable option as an alternative fuel. Roughly 70
percent of our oil consumption is from gasoline. "This abundance of
natural gas is something we weren't expecting as a country, but
it's here now, and it's a gift we should take advantage of," says
Steven Mueller, chief executive of Southwestern Energy Co. "There's
huge savings here and a way to help to environment." Five Star
Equities examines the outlook for companies in the Alternative
Fuels Industry and provides equity research on Clean Energy Fuels
Corp. (NASDAQ: CLNE) and Quantum Fuel Systems Technologies
Worldwide, Inc. (NASDAQ: QTWW).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CLNE
www.FiveStarEquities.com/QTWW
Major auto-manufacturers such as Ford, GM, and Chrysler have
begun developing vehicles that run on natural gas as U.S. consumers
have finally begun to consider the commodity an alternative to
gasoline. Ford currently offers eight powered natural gas vehicles,
while Chrysler back in March unveiled a pickup truck that runs on
liquefied natural gas. Westport Innovations just recently signed
second deal with GM to develop natural gas engine technology. The
first deal was announced last June. The governments of Pakistan and
Iran have mandated a switch to natural gas vehicles. According to
the Wall Street Journal the number of natural gas vehicles in the
two countries totals 2.7 million and 1.9, respectively.
Five Star Equities releases regular market updates on the
Alternative Fuels Industry so investors can stay ahead of the crowd
and make the best investment decisions to maximize their returns.
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BAF Technologies, a wholly owned subsidiary of Clean Energy
Fuels, recently announced the acquisition of Belleville,
Michigan-based ServoTech Engineering, Inc., an auto emissions
solutions provider. BAF, the leading U.S. provider of natural gas
vehicle systems and conversions, recently produced its 20,000th
compressed natural gas (CNG) vehicle conversion. BAF is the first
CNG converter to be recognized as a Ford Qualified Vehicle Modifier
for gaseous fuels.
Quantum Fuel Systems recently announced that it has received two
new purchase orders from leading natural gas vehicle system
integrators for supplying its industry-leading, ultra-lightweight
carbon composite compressed natural gas (CNG) storage tanks for
transportation applications. The purchase orders are valued at $2.8
Million.
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