Omnitek Engineering has signed a letter of intent with San Clemente, Calif.-based Go Natural Gas to form a strategic alliance to facilitate diesel-to-natural gas truck engine conversions through turnkey programs and services.
The company is in the process of negotiating various components of the proposed strategic agreement, including economic considerations, geographic scope and related responsibilities.
“The proposed strategic alliance is intended to facilitate heavy-duty diesel truck engine conversions by simplifying the entire process, which will be enhanced by the ability to offer fleet customers the option to locate a fueling station on their property — an important consideration for fleet owners. We look forward to formalizing the strategic alliance and leveraging the expertise of both organizations,” said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
“Entering into a strategic alliance with Omnitek will greatly benefit our common customers. Go Natural Gas will have the advantage of consulting with Omnitek and determining which conversion centers and vehicle models offer the greatest volume potential before deciding on a specific fueling station location or design. Likewise, Omnitek will benefit by being able to offer a turnkey solution and preferred fueling contract to its customers,” said Timothy Nelligan, chief executive officer of Go Natural Gas, Inc.
Funk added that compressed natural gas provides significant advantages over diesel fuel, including reduced emissions, plentiful supplies and favorable economics.
“Industry observers believe that up to eight million heavy-duty vehicles in the U.S. could benefit from conversion to natural gas. Replacing old diesel trucks with new natural gas-powered trucks is certainly an option, but it is much more expensive. Our technology is feasible and affordable, with a projected return on investment of less than two years. In addition, diesel engines have a service life of up to 20 years, which provides an additional incentive to convert,” Funk said.
Additional information is available at www.gonaturalgas.com.
Fuel and Oil: Related News
10/7/2011 – Omnitek Engineering Aligns with Natural Gas Fueling Station Company
Omnitek Engineering has signed a letter of intent with San Clemente, Calif.-based Go Natural Gas to form a strategic alliance to facilitate diesel-to-natural gas truck engine conversions through turnkey programs and services….
10/4/2011 – Diesel Prices Down Again; Crude Oil At One-Year Low
National on-highway diesel prices fell by 3.7 cents last week to average $3.749 per gallon. The pace of falling prices decelerated from the previous week’s 4.7-cent drop….
10/3/2011 – Promising New Biofuel Produced From Engineered Microbes
Researchers with the U.S Department of Energy’s Joint BioEnergy Institute have identified a new potential biofuel made by engineering microbes….
9/27/2011 – Big Drop for Diesel; Oil Under Pressure; Libya Returns
National on-highway diesel prices dropped 4.7 cents on average from last week, accelerating from the previous week’s 2.9 cent drop. Diesel was $3.786 per gallon….
9/23/2011 – Love’s Travel Stop opens in Napavine, Wash.
Love’s Travel Stops opened a new travel stop in Napavine, Wash., located at Interstate 5, Exit 72….
9/20/2011 – EIA Projects World Energy Use to Increase by 53% by 2035; China and India Lead
Worldwide energy consumption will grow by 53% between 2008 and 2035, according to a report by the Energy Information Administration….
9/20/2011 – Diesel, Oil Prices Down
Diesel prices fell for a second straight week, dropping 2.9 cents to $3.833 a gallon average nationwide, according to the Department of Energy’s weekly report….
9/19/2011 – New Petro Stopping Center in Indiana
TravelCenters of America completed the renovations and rebranding of the newest Petro full-service travel center at Exit 23 off I-70, 1035 West State Road 42, Brazil, Ind….
9/16/2011 – Love’s Travel Stop Opens in Bennett, Colo.
Love’s Travel Stops opened a new truckstop in Bennett, Colo., located at I-70, Exit 304….
9/13/2011 – Diesel Down; Oil Up Despite Demand Slide; Europe on the Brink
National on-highway diesel prices dropped six-tenths of a cent from last week to $3.862, following a rise of more than 4 cents the week previous….
9/12/2011 – Natural Gas for Trucking Building Momentum
Sales of trucks powered by natural gas will grow faster than the rest of the North American Market over the next several years, according to Frost Sullivan, an industry analysis firm.
A new report predicts that North American sales of Class 6-8 LNG and CNG vehicles will rise to nearly 30,000 by 2017. That’s up from just 1,950 last year, slightly less than 1% of North American sales….
9/9/2011 – Shell Pursues LNG in North America
Shell announced plans to promote liquefied natural gas in North America, including a partnership with Westport Innovations and providing LNG in Canada….
9/9/2011 – EIA Short Term Energy Outlook: Growth is Slowing, Fuel Will Go Up
The Energy Information Administration has significantly changed its predictions based on slower economic growth, and expects fuel prices to rise next year….
9/7/2011 – Diesel Prices Up, Crude Down
Diesel prices were up nearly 5 cents a gallon this week, to $3.868 per gallon nationwide, according to the Energy Department’s weekly figures….
9/7/2011 – SoCalGas, Oberon Fuels to Produce DME
Southern California Gas Co. and Oberon Fuels, a San Diego based low-emission alternative fuels company, will team up to design and build the first commercial facility in the United States to produce Dimethyl Ether from natural gas for use as a transportation fuel….
8/30/2011 – Diesel Up Slightly; Crude Oil Surges
National on-highway diesel prices rose last week for the first time in over a month, but only by 1 cent to $3.82….