- Demand for alternative fuel vehicles & systems climbing
- CNG and LPG have smaller carbon footprints
- Natural gases cost less than gasoline or diesel
As a major player in the clean energy truck market, Greenkraft, Inc. (OTCQB: GKIT) is offering truck fleet operators the rare opportunity to have their cake and eat it too. The California-based manufacturer not only provides alternative fuel automotive products that are more environmentally friendly but they are, also, more cost effective. Utilizing an engine, or commercial truck or alternative fuel system from Greenkraft, fleet owners can play a part in preserving the planet, while boosting their bottom lines. They are already starting to do so. The company has reported increased demand for its trucks and is ramping up its production facilities to turn out more fuel-efficient trucks with varying carrying capacities.
Despite the naysayers, the Paris Climate Accord, signed by 195 nation-states, was recognition that carbon emissions are causing global warming and climate change. The Accord aims to ‘keep the increase in global average temperature to well below 2°C above pre-industrial levels’ and an obvious way to do that is by a reducing or eliminating the use of fossil fuels. However, with regard to the greenhouse gases (GHG) that result when they are burned, fossil fuels are not all the same. Naturally occurring gases, which are components of liquefied petroleum gas (LPG) and compressed natural gas (CNG) have much smaller carbon footprints than either gasoline or diesel.
CNG is mainly methane obtained from natural gas, oil wells and coal beds that has been compressed to a pressure around 200 times normal atmospheric pressure. LPG is mostly propane and butane from gas fields or from oil refining at a pressure of between 5-15 atmospheric pressures. Using the Greenhouse gases, Regulated Emissions, and Energy use in Transportation Model (GREET) framework, the Argonne National Laboratory’s Systems Assessment Group has reported ‘that propane use reduced GHG emissions by nearly 10%’ (http://nnw.fm/7YBp9). And the California Air Resources Board (CARB) has found that a CNG fueled vehicle emits 20 to 29 percent fewer GHG emissions than a comparable gasoline or diesel fueled vehicle.
Natural gases are also less expensive. A study by SoCalGas concluded that vehicles powered by CNG offer substantial advantages over vehicles powered by gasoline or diesel (http://nnw.fm/KC8os). Researchers compared heavy-duty commercial diesel and natural gas vehicles and provided estimated break-even points, i.e. the prices at which it would be equally cost effective to use either natural gases or diesel. For a transit bus, the oil price would have to fall to $31 per barrel; for a short- haul heavy-duty truck, it would need to drop to $28 a barrel, while for a refuse hauler, the oil price would have to sink to $22 a barrel.
With the global alternative fuel market set to grow to $614 billion by 2022, Greenkraft is planning to expand its output by the construction of a larger manufacturing facility. In March, the company announced the debut of the Greenkraft truck at the WWETT Show 2017 held on February 22 – February 25 at the Indiana Convention Center. The truck’s coming out generated a lot of excitement, particularly since it allowed the Greenkraft brand to be introduced to the septic tank sector of the trucking industry.
George Gemayel, CEO of Greenkraft, Inc. had this to say, “The debut of our trucks at the WWETT Show was a huge success as everyone was amazed at how the Greenkraft truck looked. In addition, this opens up an entire new market for Greenkraft since we had not previously focused on the septic tank industry; but now it can produce millions of new revenue dollars for the Company in the coming years.”
For more information, visit the company’s website at www.GreenkraftInc.com
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