BioLNG EuroNet announced a commitment to the further expansion of LNG (liquefied natural gas) as a road transport fuel across Europe with new infrastructure that should ensure the long-term success and mass scale adoption in Europe.
The consortium, comprising IVECO, CNH Industrial Capital Europe under the trademark of IVECO Capital, Shell, DISA, Scania and Nordsol will each deliver separate activities that will see 2,000 more LNG trucks on the road, 39 LNG fuelling stations and the construction of a BioLNG production plant in the Netherlands.
The 2,000 new LNG HGVs will be leased to end users through competitive financing and trucking solutions to reduce the cost of them. Only the additional costs of an LNG HGV compared to a diesel truck will be financed. The average eligible costs for each LNG HGV are capped to a maximum of €30,000.
The LNG Retail stations will form part of a pan-European network and be built in Belgium, France, Germany the Netherlands, Poland and Spain. The stations will be located approximately every 400 km along core road network corridors from Spain to eastern Poland.
The BioLNG facility will produce 3000 MT/year of BioLNG and will use biogas produced from organic waste. This will be sold to end-users via the LNG network. BioLNG EuroNet has an aspiration to rollout the expansion of LNG as a road transport fuel across Europe even further in the future.
Each BioLNG EuroNet consortium member will receive 20% funding from the EU towards the cost of their commitments. The EU funding received by the BioLNG EuroNet consortium members falls under the connecting Europe facility (CEF) for the transport sector.