GE, Chesapeake to Develop Natural-Gas Fueling Infrastructure
Posted March 22, 2012
SOURCE: General Electric (GE)
According to Bloomberg, General Electric Co. (GE) and Chesapeake Energy Corp. (CHK), the second-biggest U.S. natural-gas producer, will collaborate on products and services to fuel cars and trucks with domestically-produced natural gas.
The companies intend to have a multi-year collaboration that will improve access to compressed natural gas, which is most commonly used in taxicabs, transit buses and cars and liquefied natural gas, which is commonly used for heavy-duty industrial purposes, according to a statement today.
The infrastructure will allow the U.S. to better utilize natural gas being produced from shale formations, the companies said.
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KEYWORDS: Environment, Technology. Innovation & Solutions, GE, natural gas, infrastructure, Energy, Fuel, Chesapeake Energy