30 Trailers, Plus Compression and Flare Gas Capture Gear
As Company Buys Out Its Largest Western Canada Competitor
Canadian CNG provider Certarus said this morning that it acquired CanGas Solutions from Trinidad Drilling on May 5. “Cangas was one of the original market leaders in CNG and Certarus’ largest CNG competitor in Western Canada,” states a release.
Along with 30 CNG trailers bringing the total Certarus “virtual pipeline” fleet to more than 125, the acquisition includes surplus compression, flare gas capture and related field equipment.
“The transaction builds upon existing and new relationships across the Certarus platform, which is operating in Western Canada and the United States,” the announcement states.
‘We See an Increasing Adoption of Natural Gas’
“The CanGas assets further enhance the Certarus platform to enable us to supply the growing needs of the oil & gas, industrial and commercial sectors,” Certarus president and CEO Ivan Heidecker says in the release.
“We see an increasing adoption of natural gas to displace diesel, propane and burner oil to promote cost savings and reduce the environmental footprint.”
“The expanded compressed natural gas transport fleet, together with our portable compression and emergency backup services, will position Certarus as one of the largest portable bulk natural gas distribution businesses in North America,” Heidecker said.
“We will continue to focus on supplying natural gas fueling solutions to our bulk consumers in the oil and gas, industrial and commercial space.”
Certarus said too today that it’s supplied CNG in support of to critical services in the Fort McMurray, Alberta region affected by the recent wild fires.Contact information is only available to premium subscribers. Click here to purchase a premium subscription.
Source: Certarus with Fleets & Fuels follow-up