Skip to main content

Hexagon Mobile Pipeline® to virtually connect communities and industries to pipeline gas in the US

Hexagon Mobile Pipeline®, a Hexagon Composites subsidiary, has received a substantial contract for TITAN® 53 transport modules from Xpress Natural Gas LLC (XNG) a leading full-service provider of compressed natural gas (CNG). The strategic agreement has a total value of USD 7.3 million (approx. NOK 70.2 million) and includes additional purchase and rental options through 2021. The TITAN® 53 large-capacity Mobile Pipeline® modules will serve virtual interconnect projects providing natural gas to communities and industries that do not have access to sufficient pipeline capacity in the US.“Since XNG started operations in early 2013, Hexagon’s Titan products have proven to be high-quality products that deliver safety, reliability and performance,” says John Nahill, CEO and co-founder of Xpress Natural Gas. “The higher volume of TITAN®53 means that we can serve our customers with fewer trailers and miles driven and that is key to our success.  We appreciate the expertise and responsiveness of the Hexagon team. They understood our needs and met our expectations for a comprehensive solution.”Hexagon’s Mobile Pipeline® products provide customers around the globe with transportation, storage, and distribution solutions. After nearly a decade of deployments of TITAN® products, a continued increase in customer demand is driving a need to move greater volumes of compressed gases including natural gas, hydrogen, and industrial gases on every trip. The TITAN®53 module launched in 2018 still provides the highest CNG capacity available at the 80,000-pound gross vehicle weight limit. The cylinders are manufactured by Hexagon with industry leading experience in the design, development and testing of composite pressure vessel technology.“XNG is a pioneer of the mobile pipeline industry. Virtual Interconnect is one of the most challenging applications in our industry due to the high volumes of gas delivered.  XNG has proven they can do this safely and reliably day after day, year after year.  We are proud of the trust they have placed in us to meet their equipment needs. At the end of the day, it’s about keeping businesses running and homes warm through the cold winter months and that is consistent with our vision of “Clean Air Everywhere” and “Driving Energy Transformation”, says Miguel Raimao, Vice President, Mobile Pipeline® at Hexagon Lincoln.Deliveries of the TITAN®53 modules are scheduled for the fourth quarter of 2020.
Contacts:                                                                                                                                                                                                                                                                                                                                                                         
Miguel Raimao, VP, Mobile Pipeline® Americas, Hexagon Lincoln LLC
Telephone: +1 719-761-5797 | miguel.raimao@hexagongroup.com
Karen Romer, SVP Communications, Hexagon Composites
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
David Bandele, CFO, Hexagon Composites 
Telephone: +47 920 91 483 | david.bandele@hexagongroup.com

About XNG
Xpress Natural Gas (XNG) provides rapid and reliable delivery of liquid natural gas (LNG) and compressed natural gas (CNG) to customers throughout the United States and the Canadian Maritimes through their network of virtual pipeline.  With more than 70 million gasoline gallon equivalent (GGE) under contract for 2017, XNG is the largest private distributor of CNG in the United States, helping business, institutions, and utilities to lower energy costs and reduce their environmental impact. For more information about Xpress Natural Gas: www.xng.com
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility, industrial and consumer applications including light-, medium- and heavy-duty vehicles, ground storage, distribution, marine, rail and backup power solutions.
With extensive experience in pressure vessel development since the early 1960s, our long and proud history is rooted in innovation and change. We have a strong international presence with facilities in Norway, Germany, USA and Canada, and sales representation in some of the world’s most important clean energy markets in Europe, Asia and the Americas.Learn more at www.hexagongroup.com and follow Hexagon Composites on LinkedIn and @HexagonASA on Twitter.AttachmentXNG Virtual Interconnect Photo

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.