GE Capital, Canada Contracts with Shell to Advance LNG Trucking
GE Capital, Canada announced the signing of a commercial agreement with Shell Canada Products to facilitate the trucking industry’s adoption of LNG in Canada. Under the agreement, GE Capital and Shell will work together to reduce monthly payments for truck fleets that lease NGVs. Specifically, fleet owners can sign natural gas fueling contracts with Shell and, separately, secure leases for LNG vehicles with GE Capital. The agreement covers equipment that will purchase fuel from Shell’s facilities.
“Through this agreement, we’re giving over-the-road trucking companies the financial incentive to make the shift from diesel to natural gas,” said François Nantel, leader of GE Capital, Canada’s transportation business. “Working with Shell will help address truck operators’ concerns regarding the trucks’ value and incremental capital investments and allow them to access the benefits of LNG vehicles from day one.”