Hexagon Composites has formed a joint venture with India-based Siddha Gas Technik Pvt Ltd to pursue opportunities in the country’s natural gas market. Siddha Gas Technik brings over 30 years of natural gas systems and service experience to the joint venture, which will sell CNG Automotive and Mobile Pipeline products.
‘Hexagon Composites' technology enables our vision of using natural gas to satisfy the energy requirements of many different applications throughout the country, from rural communities to cities,’ said Mrunal Gandhi, managing director of Siddha Gas Technik.
The opportunities for storage and transportation of compressed natural gas (CNG) in India are substantial, Hexagon says. Investments are being made to significantly increase the share of natural gas in the country's energy supply. The metropolitan area of Delhi has adopted an anti-pollution policy, with conversion of public transportation to CNG, and other cities are expected to adopt similar policies in the coming years.
Hexagon Composites will have a majority shareholding of 51% in the joint venture, and will offer its full range of automotive CNG cylinders and systems, Hydrogen cylinders and Mobile Pipeline products.
This story is reprinted from material from Hexagon, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
