SOURCE: Industrial Info Resources
SUGAR LAND, TX--(Marketwired - May 5, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Owners of industrial plants, including marine, mining, rail, and oil & gas production, are evaluating ways to utilize low-cost natural gas for high-horsepower applications. Liquefied natural gas (LNG) is one option gaining momentum over other traditional fuels used in off-road applications, like diesel.
Proponents of natural gas have to convince the industrial market that the pros, which can include significant environmental and operational cost benefits, outweigh the cons, which can include significant capital costs for infrastructure/engine retrofits and price volatility.
These issues will be discussed in detail during the Natural Gas for Off Road Applications USA Conference & Exhibition (http://www.offroadnaturalgas.com/), which is being held June 16-18 at the Omni Hotel in Houston, Texas. The conference is being organized by FC Gas Intelligence, which is part of FC Business Intelligence Limited (London, England).
Industrial firms with high-horsepower applications have to evaluate the return on investment before making any decision on fuel switching or using LNG for new projects.
Stornoway Diamond Corporation (Longueuil, Quebec) is one such company evaluating an LNG option. Stornoway Diamond is developing what could be Quebec's first diamond mine, a $700 million project in Quebec. The company has incorporated a 9.5-megawatt power generation plant using LNG, which will provide millions of dollars of cost savings over the life of the mine.
LNG fuel supply, reliability, economics and logistics are issues that will make or break any industrial facility looking to use natural gas.
For details on the Natural Gas for Off Road Applications USA Conference & Exhibition, including an Industrial Info discount, contact:
FC Gas Intelligence
Call: +44 (0) 207 422 4347
US Toll-Free: 1800 814 3459 ext 4347
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.