CHARLOTTE, N.C., Dec. 17,
2014 /PRNewswire/ -- Piedmont Natural Gas (NYSE: PNY) and The
Spinx Company today announced an agreement to add a Piedmont compressed natural gas (CNG)
refueling station at a Spinx convenience store location.
Piedmont will lease space at an
existing Spinx store located at the corner of Pearman Dairy Road
and West Whitner Street in Anderson,
South Carolina in order to install the necessary CNG
refueling equipment and compressors. Piedmont will own and maintain the site's CNG
facilities which will be open to the public for use by commercial
fleets and individual vehicles. The new station will be
Piedmont's 11th public
CNG refueling station in the Carolinas and in Tennessee, and its third public CNG station in
South Carolina.
Commenting on the agreement was Spinx Chief Executive Officer,
Steve Spinks, "We are pleased to
partner with Piedmont Natural Gas in order to offer CNG to our
commercial fleet and individual customers. The use of CNG as
a transportation fuel is growing as is the refueling infrastructure
that supports that growth. We believe this project fits very
well with our own vision and mission to make people's lives easier
and to provide quality services and products. We are looking
forward to working with Piedmont
on this exciting project."
Piedmont's Senior Vice
President and Chief Financial Officer, Karl
W. Newlin, also commented on the agreement, "We are very
pleased to be working with such a fine company as The Spinx Company
to place a public CNG refueling facility at one of their stores in
Anderson, South Carolina.
This is an important milestone for us as we continue to extend the
base of our public CNG refueling stations along the important I-85
corridor in North and South
Carolina."
The use of compressed natural gas as a transportation fuel has
grown significantly in recent years and has many benefits and
advantages for fleet owners and individual operators. CNG is
environmentally friendly, reducing greenhouse gas emissions like
CO2 from vehicles by 15 percent to 20 percent and
emitting virtually no nitrous oxide (NO) or sulphur dioxide
(SO2). In addition, CNG costs less than gasoline
or diesel, results in fewer oil changes and less maintenance for
vehicles, and helps reduce America's dependence on imported
oil.
For more information about CNG for fleet or individual vehicles,
please visit Piedmont Natural Gas' website at the following
location:
http://www.piedmontng.com/yourbusiness/vehiclesandfueling/vehiclesandfueling.aspx
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SOURCE Piedmont Natural Gas