Asia World Capital Group comment as logistics giant, UPS, is increasing its commitment to the uptake of LNG by building nine additional fueling stations. |
According to Hong Kong’s Asia World Capital Group, UPS has announced that it is to invest $50 million as part of its plan to increase its commitment to the uptake of liquefied natural gas. The money will be spent on the construction of a further nine LNG fueling stations taking the total to 13.
The additional fueling infrastructure is aimed at supporting the operation of around 1,000 UPS LNG rigs that will negate the need for 24 million gallons of diesel each year.
An Asia World Capital Group alternative energy analyst said, “UPS have made of LNG vehicles for over 10 years and, in that time, they’ve made dramatic savings as a result of the fuel’s lower prices. What’s really needed is for more companies to take up their example so that the wider market can see that the transition to alternative fuels is in motion.”
UPS’s Chief Operating Officer, David Abney said that the construction of the LNG fueling stations represented a “solid future investment” as vehicles account for around 35% of the company’s carbon footprint.
With more than 2,700 alternative fuel and advanced technology vehicles, UPS operates one of the largest private alternative fuel fleets in the logistics industry. It encompasses all-electric, hybrid electric, hydraulic hybrid, CNG, LNG, liquid propane gas (LPG), biomethane, and light-weight fuel-saving composite body vehicles.
Asia World Capital Group has several alternative energy and biofuel stocks featuring prominently on its conviction buy list and says it expects alternative energy uptake both by businesses and consumers to grow exponentially over the next decade.
About Asia World Capital Group:
Asia World Capital Group is an Investment Banking Advisory, Trade and Corporate Finance house, specialising in bringing quality issues to institutions, Small to Medium Size Enterprise (SME) and private clients. Their base of experienced professionals provides their clients with access to a range of Trade Financing Products, Financial Instruments, Investment Banking services, Pre-IPO and IPO opportunities, World-Wide Stock Markets’ Investments and quality professional advice to help move their business forward. Asia World Capital Group utilise their vast portfolio of affiliates, considerable experience and a range of financial instruments to achieve your goals.
For more information contact: Asia World Capital Group Roger Bowden Room 2006-7, Tower Two, Lippo Centre, 89 Queensway, Admiralty, Hong Kong http://www.asiaworldcap.com firstname.lastname@example.org +85258084007
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