ENGIE’s drive towards Green mobility: an investment up to 100M€ to promote natural gas as a fuel for trucks in Europe by 2020
The investment will cover the building of 30 CNG stations in France and up to nearly 70 LNG stations in several European countries.
ENGIE has decided to invest nearly 100 M€ from now on to 2020 in the setup of Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) stations for filling up the European fleets of trucks with natural gas and biogas. This contribution to strengthening the LNG and CNG distribution infrastructures in Europe will rely on ENGIE’s active involvement with its customers committing to move to alternative fuels, notably the truck manufacturers as well as the national and European authorities. The investment will cover the building of 30 CNG stations in France and up to nearly 70 LNG stations in several European countries.
Building on proven competencies and references, with 15 years of operations of 140 CNG stations, mainly in France, and 4 early first LNG stations in France and the Netherlands, ENGIE is accelerating the development of gas mobility in Europe for road transportation but also for shipping. Hence, ENGIE is engaged in the promotion of LNG as a marine fuel, with a bunkering vessel designed in partnership with NYK and Mitsubishi Corporation to be operational by end of 2016 in Zeebrugge, Belgium. It is also supplying LNG by truck to waterways barges on the Rhine river and it will build a fixed LNG station both for ships and trucks in the port of Antwerp, Belgium.
Gas is an enabler of energy transition for a greener mobility: CNG and LNG are proven and cost-effective solutions to reduce the emissions of pollutants and noise in usages suitable to the short, medium and long distance transport of persons and goods. In Europe, existing number of 3,000 CNG and 75 LNG filling stations is to be further expanded and ENGIE believes that gas mobility is the economic already-available solution of choice for heavy-duty vehicles, towards a greener mobility.
This new development is one step further within ENGIE’s ambition towards green mobility markets: to become a leading provider of green mobility solutions to its customers. To achieve this ambition, the Group proposes a wide range of solutions for industries, cities and end-users for a greener mobility that all aim at reducing congestion, pollution, CO2 emissions and noise: urban planning advisory services to cities, smart parking and intelligent transportation systems solutions, infrastructures and managing systems for the development of public transport, innovative solutions like car sharing, smart parking or last mile logistic solutions.
As part of its strategy to be a leader of the energy transition in the world, ENGIE is globally speeding up the deployment of proven innovative solutions for its customers through investments in new technologies and global & cross-sector partnerships. Green mobility is critical for energy transition as transportation - massively depending on oil today (95%) - accounts for 22% of global CO2 emissions and more than 30% in Europe.
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation, and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 154,950 people worldwide and achieved revenues of €69.9 billion in 2015. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (Eurozone 120, Europe 120 and France 20).