Tenaska to Launch Natural Gas Transportation Fuels Business
October 06, 2013
Tenaska is launching a marketing and development company in response to the growing use of liquefied natural gas and compressed natural gas, together NG fuels, in the transportation sector and among industries using high-horsepower engines.
Chairman of Natural Gas Vehicles for America Doug Clark has signed on to lead commercial activities for the new affiliate, Tenaska NG Fuel LLC.
TNG Fuels will use Tenaska’s energy marketing expertise and its 26 years of project development and commercial financing experience to assist utilities and customers in the trucking, mining, railroad, vessel and other transportation industries to realize cost savings and meet new and changing environmental regulations.
TNG Fuels also plans to help customers, manage commodity risk, build commercial arrangements and strategically site, develop and finance production and distribution facilities.
Clark is the former president of the Metropolitan Utilities District in Omaha, Neb., one of the first municipal utilities to contract with a third party to market LNG to companies transitioning to the fuel for operations or transportation. Clark also oversaw the fuel conversion of a fleet of 200 vehicles from gasoline and diesel fuel to CNG and the development of the infrastructure required to support it, including several public fueling stations. MUD sales of CNG are on track to total the equivalent of 400,000 gallons in 2013.