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Peake Fuel Solutions Launches DNG Conversion Kits
OKLAHOMA CITY -- Peake Fuel Solutions LLC, a wholly-owned subsidiary of Chesapeake Energy Corp., announced Thurday the development of a diesel natural gas (DNG) conversion kit, a product that will help heavy-duty truck operators save up to 30% on their fuel costs.
Diesel natural gas allows trucks to run on a mixture of diesel and up to 70% natural gas. When compressed natural gas (CNG) or liquefied natural gas (LNG) fuels are not available, trucks retain the ability to run on 100% diesel.
“The trucking industry is the backbone of our nation’s economy, and Peake Fuel Solutions’ DNG technology can help the industry slash its biggest cost -- fuel,” said Kent Wilkinson, Chesapeake’s vice president for natural gas ventures.
“DNG will help accelerate the trucking industry’s shift to a more affordable, domestic fuel," he added.
Long-term natural gas prices in the $4-6 per mcf range will translate into CNG and LNG prices of around $2.00 per diesel gallon equivalent, or about 50% lower than diesel prices, Wilkinson said. Assuming a typical DNG blend, truckers would save approximately 20 cents per mile on their fuel costs.
Peake’s conversion kit has been approved by the U.S. Environmental Protection Agency for a variety of engines. The certificate of conformity makes it the only dual-fuel natural gas retrofit certified by the EPA, allowing DNG kits to modify a variety of engines from model years 2010-12 that encompass power ratings from 400 to 600 horsepower.
Peake has begun accepting pre-orders for DNG kits, with widespread commercial availability expected in the first quarter, the company said. Fleet and truck owners can email [email protected] to learn more.
The return on investment for a DNG conversion kit is typically less than 18 months, the company said. Potential DNG customers can calculate their expected fuel savings and the timeline for investment payback through an online calculator at www.peakefuelsolutions.com.
Additionally, Peake offers the CNG In A Box system, a fully integrated CNG fueling supply system offering plug-and-play simplicity for fleet and retail fueling stations; CNG fuel management modules; and fuel tank modules in frame-rail and behind-cab configurations.
Published by The Business Journal, Youngstown, Ohio.
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